Ghana’s public debt has taken a significant downward turn, marking one of the sharpest declines in the country’s history, according to the Minister for Finance.
Presenting the 2026 Budget Statement to Parliament on Thursday, November 13, the Minister said the country’s total public debt dropped from GHS726.7 billion, representing 61.8 percent of GDP in 2024, to GHS630.2 billion, equivalent to 45 percent of GDP by October 2025.
“For the first time in over a decade, we have recorded a negative rate in debt accumulation—from a positive 19.1 percent in 2024 to a negative 13.3 percent in 2025,” he stated.
He attributed this turnaround to fiscal discipline, prudent borrowing, and a stronger cedi, emphasizing that these factors have placed Ghana’s public debt on a firm downward path.
Source: www.kumasimail.com
