By Franklin ASARE-DONKOH
Data from Ghana’s central bank, the Bank of Ghana (BoG), shows that the country’s public debt stock fell by GH¢156.4 billion between March and June 2025, reaching GH¢613 billion in June 2025.
According to the data, Ghana’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.
This figure, the BoG explained, represents approximately 43.8% of Gross Domestic Product (GDP).
In dollar terms, the public debt stood at $59.4 billion in June 2025, up from $49.5 billion earlier in the year.
The appreciation of the cedi against the dollar contributed to a reduction in the debt-to-GDP ratio.
The data also showed that Ghana’s external debt rose slightly to US$29.1 billion in June 2025, compared to US$28.5 billion in March 2025. This represents 29.1% of GDP.
However, domestic debt decreased to GH¢312.7 billion in June 2025 from GH¢315.6 billion in May 2025, accounting for about 22.3% of GDP. In March and April 2025, the domestic debt stood at GH¢326.9 billion and GH¢322.3 billion, respectively.
The fiscal deficit-to-GDP ratio stood at 1.1% for the government’s fiscal operations in June 2025.
Meanwhile, the primary balance recorded a surplus of 0.7% of GDP in June 2025.
