In a recent update, Finance Minister Ken Ofori Atta delivered encouraging news as he revealed that Ghana’s public debt has seen a significant reduction, falling by GH₵14.2 billion. This development brings the debt-to-GDP ratio down to 66.4%, marking a positive stride in the nation’s fiscal health.
The announcement comes as a welcome relief amid concerns over rising debt levels, with Minister Ofori Atta attributing the improvement to prudent financial management and effective debt reduction strategies. As Ghana aims to navigate economic challenges, this reduction in public debt is poised to positively impact the country’s overall economic outlook.
Analysts and citizens alike await further details and insights into the specific measures taken to achieve this reduction, as the government continues to emphasize its commitment to fiscal responsibility and economic stability.
story filed by: Nana Kwaku Duah