Ghana’s Public Debt Climbs to $49.5 Billion Despite Cedi Appreciation

Ghana’s total public debt stock has inched up marginally to $49.5 billion as of March 2025, according to the latest data from the Bank of Ghana.

This is a slight uptick from $49.4 in February comes despite the local currency’s strong appreciation against the US dollar.

In cedi terms, the debt stood at GH₵769.4 billion and represents 55% of Gross Domestic Product (GDP).

The external component of the debt stock also rose from GH¢768.1 billion to GH¢769.4 billion.

Notably, there was a decrease in the domestic component of the debt stock, falling from GH¢328 billion to GH¢326.9 billion.