Ghana’s Public Debt Falls by a Fourth on External Obligations

Ghana’s public debt declined by a quarter at the end of December from the previous month as the nation’s external obligations decreased.

Public debt, excluding loans of state-owned enterprises, dropped to 434.6 billion cedis ($40.4 billion) from 575.7 billion cedis in November, the central bank said in a summary of economic and financial data on its website. External debt declined 37% to 240.2 billion cedis, Bank of Ghana said without providing an explanation. Domestic obligations inched up to 194.4 billion cedis.