• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Cedi Depreciation Grows Public Debt By 22% To GHS 742bn At End-June 2024 – Finance Minister

1 year ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
231
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Cedi Depreciation Grows Public Debt By 22% To GHS 742bn At End-June 2024 – Finance Minister

Finance Minister, Dr. Mohammed Amin Adam, has disclosed that provisional total central government debt at the end of June 2024 stood at GH¢742.0 billion, which is equivalent to 70.6 percent of the country’s GDP.

This represents a 22.0 percent increase since the end of December 2023 when central government debt stood at GH¢608.4 billion.

The increase in public debt the Minister posited, is primarily due to the depreciation of the cedi and disbursements from creditors.

“Central government debt as at end-June 2024 stood at GH¢742.0 billion, equivalent to 70.6 percent of GDP. This indicates an increase of 22.0 percent due to the effect of the Cedi depreciation and disbursements from creditors,” he quipped.

Dr. Amin Adam made these remarks during the presentation of the 2024 Mid-Year Budget Review in Parliament on Tuesday, July 23.

The GHS 742bn debt stock the Finance Minister noted, is comprised of GH¢452.0 billion in external debt and GH¢290.0 billion in domestic debt, accounting for 60.9 percent and 39.1 percent of the total debt stock, respectively.

RelatedPosts

Ghana’s Banks not Lending Enough to Sectors That Matter Most

Luxury Tourism is a Risky Strategy for African Economies, New Study Says

IMF Isn’t Doing Enough to Support Africa; Billions Could Be Made Available Through Special Drawing Rights

As a percentage of GDP, external debt represents 43.0 percent, while domestic debt accounts for 27.6 percent.

At the end of December 2023, the provisional central government and guaranteed debt in nominal terms was GH¢608.4 billion.

This included GH¢351.1 billion in external debt and GH¢257.2 billion in domestic debt.

The Finance Minister acknowledged the challenges posed by the rising debt levels and reiterated the government’s commitment to fiscal discipline and sustainable debt management.

He noted that the government is implementing measures to stabilize the cedi, enhance revenue mobilization, and control expenditures to mitigate the impact of debt on the economy.

 

Tags: cedi depreciationCedi Depreciation Grows Public Debt By 22% To GHS 742bn At End-June 2024 - Finance MinisterPublic Debt
No Result
View All Result

Highlights

FirstBank Ghana Commits GHS 200,000 to Community Projects Under 2025 CR&S Week

African Development Bank President Ould Tah Tackles Financial Reform in Push for Development

OSP Invites DVLA CEO Over Alleged GHS 4m Bribery Attempt Linked to Digital Vehicle Plate Rollout

Standard Chartered Zambia Signs Agreement to Sell Wealth & Retail Banking Business to First National Bank Zambia

Vinicius Jr. Apologizes for Clásico Outburst, Leaves Out Coach Alonso

Rabat Set to Host African World Cup Playoffs Next Month

Trending

Business

Ghana’s Banks not Lending Enough to Sectors That Matter Most

October 29, 2025

Ghana’s Banks not Lending Enough to Sectors That Matter Most Bank lending is a major source of...

Luxury Tourism is a Risky Strategy for African Economies, New Study Says

October 29, 2025

IMF Isn’t Doing Enough to Support Africa; Billions Could Be Made Available Through Special Drawing Rights

October 29, 2025

FirstBank Ghana Commits GHS 200,000 to Community Projects Under 2025 CR&S Week

October 29, 2025

African Development Bank President Ould Tah Tackles Financial Reform in Push for Development

October 29, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.