Ghana’s public debt reaches GH¢759.3bn, representing 47.5% of GDP

The Minister for Finance, Dr. Cassiel Ato Forson, has announced that Ghana’s provisional public debt stood at GH¢759.3 billion at the end of October 2026, representing 47.5 per cent of the country’s Gross Domestic Product (GDP).

 The figure, presented to Parliament during the 2027 Budget Statement and Economic Policy on Thursday, indicates that domestic borrowing accounts for a larger share of the country’s debt portfolio than external obligations.

Dr. Forson said domestic debt constituted 56.4 per cent of the total public debt stock, while external debt accounted for the remaining 43.6 per cent.

He said the government was pursuing a debt management strategy aimed at reducing the country’s exposure to external borrowing and limiting the impact of exchange rate fluctuations on public debt.

The strategy is expected to help manage currency-related risks associated with foreign-denominated loans and strengthen the sustainability of the country’s debt position.

Judith Twumwaa, ISD