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Ghana’s Public Debt Hits GH¢391 Billion As Of First Quarter, 2022

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Ghana’s Public Debt Hits GH¢391 Billion As Of First Quarter, 2022

Ghana’s public debt stock remarkably shot up by ¢40.1 billion to ¢391.9 billion as of the end of March, 2022, the Summary of Economic and Financial Data by the Bank of Ghana has revealed.

The increase in the debt is due to largely exchange rate fluctuation and to some extent borrowings from the domestic market. In the first quarter of 2022, the cedi assumed a free fall to the dollar, but its depreciation was halted in April 2022, following monetary measures by the Bank of Ghana.

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However, in relation to the Gross Domestic Product of the country, the debt was estimated at 78%. This is slightly lower than the 80% recorded in December 2021.

According to the figures, the debt inched up by ¢20.5 billion in January 2022 and subsequently ¢19.7 billion in February 2022.

In terms of the domestic debt, it went up by ¢8 billion in the first quarter of 2022 to ¢189.9 billion in March 2021. This is equivalent to 37.8% of GDP.

Also, the external component of the total public debt shot up to $28.4 billion (¢201.9 billion) in March 2022, from $28.1 billion in December 2021. From the figures, clearly one can deduce that there were no borrowings from the external front in the first quarter of this year.

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The debt-to-GDP ratio of the external debt is however approximately 40.2% of GDP.

The cedi component shot up by ¢31.9 billion in the first three months of 2022, primarily due to the decline in the value of the cedi to dollar during the period.

On the other hand, the financial sector resolution bond went down to ¢14.6 billion in March 2022, from ¢14.9 billion recorded in December 2021. This is equivalent to 2.9% of GDP.

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Source: www.GhanaCNN.com

Entertainment

Delay Gives It Hot To Diamond Appiah And Afia Schwarzenegger As She Hails Andy – Video

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Delay Gives It Hot To Diamond Appiah And Afia Schwarzenegger As She Hails Andy – Video

Media personality Delay has given it hot to Diamond Appiah and Afia Schwarzenegger as she shades them for growing older than their age while she hails Andy for looking young.

Delay in her intro to today’s show hailed Andy for looking young despite the fact that he’s getting to 50yrs while she shades Diamond Appiah and Afia Schwarzenegger for getting older than their age as their faces tell a different age from what they claim to be.

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Diamond Appiah and Afia Schwarzenegger are all fighting Delay and she has given it to them hot which we believe they will try and reply after watching her video. Delay is very smart and we believe her replying to these two people is a strategy to attract viewers and get her money.

video below;

 

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Source: www.GhanaCNN.com

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Afia Schwarzenegger Wants Me Dead – Delay Breaks Down In Tears On Live Radio (Video)

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Afia Schwarzenegger Wants Me Dead – Delay Breaks Down In Tears On Live Radio (Video)

Delay has shed tears over her fight with Afia Schwarzenegger. She broke down in tears on a live radio today during her show.

The media personality noted in distress that she is tired of ‘everything’

According to Delay, she has been quiet for so long keeping a lot on her chest and dealing with Afia Schwarzenegger’s attacks.

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Amidst tears, Delay explained that her only fault was helping Afia find her feet when she contacted her that she needs help to be able to take care of her kids.

Delay revealed that after she had helped Afia become successful, she wanted her dead and gone forever because she reminds her of her past, but she also decided to live to be able to look after her family.

READ ALSO  Johnnie Hughes ‘Fired’ For His Alleged Demeaning Comments On Immigration Officer

Watch The Video Below:

 

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Source: www.GhanaCNN.com

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Photos of Angel Fm’s Yaa Kyeraaa Colourful Traditional Wedding Hits Online

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Photos of Angel Fm’s Yaa Kyeraaa Colourful Traditional Wedding Hits Online

Top-notch media personality who works at Angel Broadcasting Network (ABN), Yaa Kyeraa is officially a married woman.

Yaa Kyeraa, radio journalist at Angel Fm has officially been married by her long distance boyfriend.

Today he’s been sent to the alter by her American man who traveled all the way to Ghana to make their relationship official.

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The wedding was expected to happened in December 2021 but Yaa Kyeraa asked for time to make the decision as she wouldn’t want to rush it.

Finally the much awaited wedding is happening live today, May 28, 2022.

Her colleagues at Angel Fm were there to offer their support to the newly wedded bride.

Source: www.GhanaCNN.com

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