Dr Mohammed Amin Adam

The Minister of Finance, Dr Amin Adam Mohammed has announced during the mid-year budget reading in Parliament that, Ghana’s public debt has accrued an amount of GH¢83.4 billion.

According to Hon. Dr Mohammed Amin Adam, the provisional amount of Ghana’s total public debt which was reported by the central government is currently at an amount of GH¢742 billion which is equivalent to US$50.9 billion as of June 2024. This figure represents 70.6 percent of the Gross Domestic Product (GDP).

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During the presentation of the mid-year budget by the Finance Minister on the 23rd of July, 2024, in Parliament at the capital of Ghana, Dr Mohammed Amin Adam said “This indicates an increase of 22.0 percent due to the effect of the cedi depreciation and continuous disbursements from creditors.”

“The stock consists of external debt of GH¢452.0 billion and domestic debt of GH¢290.0 billion, representing 60.9 percent and 39.1 percent of the total debt stock, respectively,” Dr Mohammed Amin Adam further detailed.

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“As a percentage of GDP, external and domestic debt represented 43.0 percent and 27.6 percent, respectively,” he added.

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Welcome to Xorlali.com, founded and managed by Esther Xorlali Kugbey — a passionate Ghanaian blogger, content creator, social media manager, and tour operations officer. Who is Esther Xorlali Kugbey? Xorlali is a multi-talented creative who combines her love for storytelling, travel, and media to inspire and inform her audience. She is the founder of Xorlali.com, a fast-growing digital platform covering: Travel & Tourism – highlighting Ghana’s hidden gems, tourist destinations, and cultural experiences. Entertainment & Lifestyle – from music and fashion trends to celebrity updates. Sports & News – bringing readers fresh stories, updates, and analysis from Ghana and beyond. Beyond blogging, Queen Xorlali is also a Tour Operations Officer at Exotic Adventures Ltd, a licensed Ghanaian tour company, where she helps individuals and groups explore Ghana through customized trips and cultural experiences. Xorlali’s Mission Her work is driven by three key values: 1. Inspire – using her platform to motivate young people to travel, explore, and embrace culture. 2. Inform – creating engaging content that keeps readers updated on trends, lifestyle, and news. 3. Empower – helping brands and creators grow their online presence through social media management and digital storytelling. Achievements & Work Award-winning Blogger – recognized for her contributions to lifestyle and entertainment blogging in Ghana. Content Creator & Writer – published articles that rank on Google, driving traffic across Ghana, Nigeria, and beyond. Tourism Advocate – represented Exotic Adventures Ltd on familiarization tours across Accra, Volta Region, Central Region, and Eastern Region. Fashion & Lifestyle Enthusiast – blending creativity with culture through unique style expression. Connect with Xorlali Stay updated with Esther’s latest posts, travel stories, and lifestyle tips: Website: Xorlali.com Instagram: @queenxorlali Twitter/X: @EstherXorlali Facebook: Esther Xorlali Kugbey LinkedIn: Esther Xorlali Kugbey Whether you’re here for travel guides, entertainment news, sports updates, lifestyle tips, or inspiration, Esther Xorlali Kugbey is committed to delivering content that is fresh, authentic, and impactful.

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