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.
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.
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%.
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HENRY GERCHI
Your International Journalist
