Sentences with phrase «debt stock»
The phrase "debt stock" refers to the total amount of money that a person, company, or country owes to others. It represents the accumulated debt over time, including both the principal loan amount and any interest that has accrued. Full definition
Massive increase in the public debt stock; 7.
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They have not added as much to the enormous debt stock left by his predecessor; instead, they are paying off some of the debt.
Record - high world debt stocks make various economic actors more vulnerable, motivating greater savings as a buffer against future shocks.
The government has taken the total debt stock in May 2016, and divided it by the projected GDP in December 2016, to arise at the debt to GDP ratio is 63 %.
To further illustrate this point, let us take the total debt stock of Ghana as at January 7th 2009.
That figure was more than the total debt stock of GH cents 9.5 billion in 2008.
The Minority in Parliament has chastised government's management of the economy citing the rising public debt stock as a situation that can take Ghana back to the status of HIPC [heavily indebted poor countries] by the end of 2019.
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President Mahama said the NPP's borrowing eventually created GHc14 billion of Ghana's total external debt stock.
«What we will likely see if indeed we have important tax cuts and if we have maybe additional spending on infrastructure and other spending programs that would mean other things being equal, that you'd have a larger deficit and potentially a larger debt stock,» Kraemer added.
In addition, the government debt stock and service remain vulnerable to stronger devaluations than Moody's baseline scenario.
To the unsuspecting mind this would simply mean that GHC 112.5 billion or 92 % of our current debt stock was accrued by the NDC administration.
«When we went for the IMF bailout, we expected that our fiscal consolidation debt stock, interest rates and unemployment will come down and economic growth will go up,» Dr. Bawumia had said at a lecture in Kumasi, the Ashanti Regional capital.
Tagged with: Bank of Ghana Debt stock Finance minister Ghana News Ghana Statistical Service Isaac Adongo
Ghana's debt stock lies at GHc 110 billion, as at August 2016, having risen to as high as GHc 112.4 billion under the previous government.
«The Assembly's judgment debt stock of Fifty million, six hundred thousand Ghana cedis, has thus been reduced by Forty - two million, eight hundred thousand Ghana cedis.
The other PIIGS may default on their debt as well, particularly Italy, which can't seem to get rid of a president who hangs around with young escort girls who call him «daddy,» and whose debt stock of 120 per cent of GDP accounts for 23 per cent of all Eurozone sovereign debt.
Furthermore, the higher debt stock is also vulnerable to potential crystallization of contingent liabilities arising from the public sector, which includes the recapitalization of weak public sector banks or state - owned enterprises.
According to the Minority Spokesperson on Finance, Cassiel Ato Forson, contrary to what the governing New Patriotic Party (NPP) promised in opposition, they have done virtually nothing to keep to their promise of holding the country's debt stock in check.
As a result, the public debt stock as a ratio of GDP, is 68.3 % against the annual target of 71 % for 2017, and end 2016 actual figure at 73.1 %.»
The Minister said a ballooning debt stock was one of the challenges the government inherited which in many ways put an undue pressure on economic activities.
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Freddie Blay also insisted that the NPP's government under Kufuor did not contribute 41 % of the nation's total external debt stock.
Consistent with Mauboussin's advice, a diversified portfolio of low multiple, low debt stocks are like buyer options with limited bankruptcy risk and the possibility of large, one time profits from unexpected growth or other good news (like a buyout offer).
In actual fact the total contribution of the NDC to the national debt stock can be obtained by subtracting the US$ 8.075 billion left by the NPP from the US$ 28.37 billion dollars which represents our total debt at the moment.
In this respect, it is simply not possible for the NDC to have borrowed $ 39 billion if the total debt stock is $ 26 billion (which is how we get the 71 % debt to GDP ratio Dr. Bawumia mentions, and which we comment favourably on below).
While such a strategy lowers gross borrowing requirements in the medium - term, it will fuel already high inflationary pressures and increase the government's debt stock.
However, because of Japan's record public debt stock and without significant fiscal consolidation this could pose questions to sovereign financial stability.
This is the false impression that the Akufo Addo / Bawumia government wants Ghanaians to have about our debt stock.
Caveat: Whist Dr. Bawumia's calculations are quite sound, the formula he proposes, which involves dividing the debt stock as at Q1 of 2016 with the GDP realised over the same period is baffling.
What the two leaders have done is to quote a relatively small figure of GHC 9.5 billion as what they left in 2009 and quote a nominal GHC 122 billion as what currently represents our debt stock.
The NPP at the current exchange rate contributed GHC34.72 billion to the debt stock.
The Finance Minister's claim that the public debt to GDP ratio has declined to 63 % debt to GDP ratio is plain wrong because had he used the debt stock at the end of Q1 2016 and divided it by the GDP result realised in Q1 2016 he would have obtained 71 % in current 2016 dollars.
Mr. Asiedu Nketia cited instances including the figures of the election petition, the registration of foreign nationals and the figures regarding the debt stock of the country as pure inaccuracies that put his credibility to question.
Also if the debt stock at end - 2012 was $ 18 billion, then President Mahama can only be said to be responsible for 31 % of Ghana's total debt stock.
Claim: Credit to the private sector has dropped considerably over the past year, while the debt stock of state owned enterprises continue to rise worryingly.
That means on average, every year the government was adding 6.75 per cent of GDP to the debt stock.
So the simple answer is that, the debt stock in terms of its impact is burdened on the economy is not actually increasing.
Now in doing so, you are going to be bringing down the debt stock in the process.
«The evidence shows that notwithstanding the massive increase in the debt stock, capital expenditure as a percentage (%) of GDP has actually been on the decline from 9.1 % of GDP in 2008 to 4.1 % by 2015.
He denied earlier comments by President Mahama that the Kufuor administration was responsible for 41 % of Ghana's $ 14billion external debt stock, adding that the Kufuor government did much more for Ghana though it borrowed little and had no oil revenues to spend.
I will also let you know that in the last 4 years between 2012 and 2016, the debt stock went up from 45 percent of GDP to 72 per cent of GDP.
The IMF in its recent discussions on the government's performance under the agreement suggested that the government limits its borrowing to 500 million dollars citing rising public debt stock.
Financial data from the Bank of Ghana (BoG) shows that - the current government in just one year added GHc16.8 billion to the country's debt stock.