Public Debt in Ghana Climbs by GH¢15.8 Billion – Report

JHNews || Ghana’s public debt rose by GH¢15.8 billion in July, mainly due to exchange rate movements and increased domestic borrowing. Domestic debt now forms a larger portion of the country’s liability, while the external debt figure remained roughly stable. The government is managing a small budget deficit, with some positive signs in the primary balance.

HENRY GERCHIHENRY GERCHI
Sep 17, 2025 - 16:03
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Public Debt in Ghana Climbs by GH¢15.8 Billion – Report
Hon Ato Forson

Accra, September 2025 — Ghana’s public debt stock increased by GH¢15.8 billion in July 2025, driven by currency valuation swings and higher domestic borrowing, according to the Bank of Ghana’s latest economic and financial data. 

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JH Data Bundle

Some of the highlights from the report:

  • The total debt stock rose from about GH¢613 billion in June to GH¢628.8 billion in July.  
  • External debt remained broadly flat at around US$29.0 billion, representing about 21.8% of GDP, while domestic debt increased to GH¢323.7 billion (23.1% of GDP) from GH¢312.7 billion the prior month.  
  • On the fiscal front, Ghana recorded a deficit-to-GDP ratio of 1.4% in July, while the primary balance showed a surplus of 0.7%.