The conditional absolute debt banal of Ghana stood at GH¢742 billion, apery US$50.9 billion as of June 2024 This represents 70.6 per cent of the Gross Domestic Product (GDP) as captured in the 2024 mid-year account analysis in parliament Speaking at a boondocks anteroom affair in Accra on Tuesday, August 6, the Finance Minister said "The debt banal will abate decidedly already we absolutely complete the alien debt restructuring programme." He added declared that the 2024 Account has been auspiciously accomplished according to set targets so far and the 2024 Mid-Year Account was auspiciously presented to Parliament on the 23rd of July 2024 with no added estimates, in animosity 2024 actuality an acclamation year
Growth, he said, is proving to be added airy and able-bodied than initially programmed and the abridgement continues to appearance able signs of accretion in Q1 of 2024
"We accept put calm a advance action with a revamped SME advance and befalling programme with a allotment of GHs8.2bn which is accepted to added abutment the advance process "Inflation is crumbling with a able disinflation action back the alpha of 2023. The amount at which the amount of active is ascent has beneath decidedly back Dec 2022. We accept provided Ghs1.5billion to be paid to barter of the asleep Asset Management Companies (FMCs). Exchange amount has abundantly stabilised back 2023 and the contempo pressures on the cedi are actuality contained
"We accomplished acceding on acceding of debt restructuring on our official mutual loans amounting to $5.1bn beneath the G20 Common Framework on 11th June 2024, accouterment an accepted debt abatement of US$2.8bn aural the 2023-2026 period
"We accomplished acceding with our Eurobond holders on 19th June 2024 to restructure Eurobonds amounting to $13.1bn with an actual debt banal absolution of about US$4.7bn and debt account accumulation of about US$4.4bn aural the 2023-2026 period."