Month: July 2020

Percentage point increase in debt to GDP in 2020 is the lowest since 2013

Data in Table 1 indicate the percentage point increase in debt-to-GDP ratio recorded by Ghana in 2020 remains the lowest since 2013. The respective highest percentage points increase in Ghana’s debt-to-GDP ratios were recorded in 2014 (7.94%) and 2013 (7.64%). The average percentage points increase in Ghana’s total debt accumulation from 2017 through 2020 is …

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Percentage point increase in debt to GDP in 2020 is the lowest since 2013

Accumulation and sustainability of debt relative to gross domestic product (GDP) in the Ghanaian economy have been a major concern to some citizens, financial and economic analysts in recent years. The debt-to-GDP ratios recorded by Ghana in recent years are as follows: 2012 = 35.58%; 2013 = 43.22%; 2014 = 51.16%; 2015 = 54.83%; 2016 …

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Ghana Cedi performance in the first half of 2020 is the best since 2014

In the Republic of Ghana, the sole legal tender is the Ghana Cedi and Ghana Pesewa. The Foreign Exchange Act of 2006, Act 723, prohibits pricing, advertising, and receipt or payment for goods and services in foreign currency in Ghana. Consequently, it is imperative to continually assess the strength of the Ghana Cedi relative to …

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