Ghana’s public debt stock fell by GH¢156.4 billion between March and June 2025 to GH¢613 billion in June 2025.
This is approximately 43.8% of Gross Domestic Product.
In dollar term, the public debt stood at $59.4 billion, higher than the $49.5 billion.
According to data from the Bank of Ghana, the country’s total public debt stood at GH¢769.4 billion in March 2025, GH¢730.3 billion in April 2025, and GH¢612.1 billion in May 2025, respectively.
The appreciation of the cedi to the dollar culminated in a reduction in the Gross Domestic Product of the debt.
The data showed that the external debt stood at US$29.1 billion in June 2025, higher than the US$28.5 billion in March 2025. This represents 29.1% of GDP.
However, domestic debt increased to GH¢312.7 billion in June 2025, from GH¢315.6 billion in May 2025, about 22.3% of GDP.
In March 2025 and April 2025, the domestic debt stood at GH¢326.9 billion and GH¢322.3 billion, respectively.
For the government’s fiscal operations, the fiscal deficit-to-GDP stood at 1.1 % in June 2025.
The primary balance, however, stood at a surplus of 0.7% of GDP in June 2025.
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