Ghana recorded a Government Debt to GDP of 70.50 percent of the country's Gross Domestic Product in 2024. This dataset provides the latest reported value for - Ghana Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The national debt of Ghana was estimated at about ************* U.S. dollars in 2024. Between 1990 and 2024, the national debt rose by approximately ************* U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The national debt will steadily rise by around ************* U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.

Ghana: Government debt as percent of GDP: The latest value from 2023 is 82.94 percent, a decline from 92.69 percent in 2022. In comparison, the world average is 61.85 percent, based on data from 137 countries. Historically, the average for Ghana from 1990 to 2023 is 47.77 percent. The minimum value, 18.51 percent, was reached in 2006 while the maximum of 92.69 percent was recorded in 2022.

Ghana Public Debt: Domestic: Medium Term: Bond: Government: 15 Years data was reported at 4,793.780 GHS mn in Apr 2018. This stayed constant from the previous number of 4,793.780 GHS mn for Mar 2018. Ghana Public Debt: Domestic: Medium Term: Bond: Government: 15 Years data is updated monthly, averaging 3,422.150 GHS mn from Oct 2016 (Median) to Apr 2018, with 19 observations. The data reached an all-time high of 4,793.780 GHS mn in Apr 2018 and a record low of 0.000 GHS mn in Mar 2017. Ghana Public Debt: Domestic: Medium Term: Bond: Government: 15 Years data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.F003: Public Debt: by Holders and Structure .

Key information about Ghana External Debt: % of GDP

• Ghana External Debt accounted for 37.4 % of the country's Nominal GDP in 2023, compared with the ratio of 39.1 % in the previous year.
• Ghana External Debt: % of Nominal GDP data is updated yearly, available from Dec 1999 to Dec 2023.
• The data reached an all-time high of 121.7 % in Dec 2000 and a record low of 7.0 % in Dec 2006.

CEIC calculates External Debt as % of Nominal GDP from annual External Debt and quarterly Nominal GDP. The Bank of Ghana provides External Debt in USD based on BPM5. Ghana Statistical Service provides Nominal GDP in local currency based on SNA 2008. The Bank of Ghana average market exchange rate is used for currency conversions. External Debt figures only include Public debt. External Debt as % of Nominal GDP prior to 2006 is calculated from Nominal GDP sourced from the World Bank.


Related information about Ghana External Debt: % of GDP

• In the latest reports of Ghana, Current Account recorded a surplus of 1.4 USD bn in Dec 2024.
• Foreign Direct Investment (FDI) increased by 380.3 USD mn in Mar 2024.
• Ghana Direct Investment Abroad fell by 4.7 USD mn in Mar 2024.
• Its Foreign Portfolio Investment fell by 308.1 USD mn in Dec 2021.
• The country's External Debt reached 27,908.7 in Oct 2024.
• The country's Nominal GDP was reported at 21.2 USD bn in Dec 2024.

Graph and download economic data for Outstanding International Public Debt Securities to GDP for Ghana (DDDM06GHA156NWDB) from 2007 to 2020 about Ghana, public, debt, securities, and GDP.

The ratio of national debt to gross domestic product (GDP) of Ghana was estimated at approximately 70.51 percent in 2024. Between 1990 and 2024, the ratio rose by around 52.72 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio is expected to drop by about 18.55 percentage points between 2024 and 2030, showing a continuous downward movement throughout the period.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

External Debt in Ghana increased to 28500 USD Million in the first quarter of 2025 from 28300 USD Million in the fourth quarter of 2024. This dataset provides - Ghana External Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Ghana Public Debt: USD data was reported at 35.889 USD bn in 2018. This records an increase from the previous number of 32.292 USD bn for 2017. Ghana Public Debt: USD data is updated yearly, averaging 19.151 USD bn from Dec 2006 (Median) to 2018, with 13 observations. The data reached an all-time high of 35.889 USD bn in 2018 and a record low of 5.310 USD bn in 2006. Ghana Public Debt: USD data remains active status in CEIC and is reported by Ministry of Finance and Economic Planning. The data is categorized under Global Database’s Ghana – Table GH.F003: Public Debt: by Holders and Structure .

Graph and download economic data for Gross Debt Position of the General Government for Ghana (GHAGGXWDGG01GDPPT) from 2000 to 2026 about Ghana, REO, gross, debt, and government.

As of September 2021, Ghana's domestic debt to GDP ratio stood at **** percent, following the rising trend observed since 2017. That year, external debt represented **** percent of the country's GDP. Overall, it was forecast that Ghana's national debt would reach approximately ** percent of the economy in 2022.

Outstanding international public debt securities to GDP (%) in Ghana was reported at 22.98 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ghana - Outstanding international public debt securities to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Ghana Public Debt: Domestic: Short Term: Advance data was reported at 0.000 GHS mn in Apr 2018. This stayed constant from the previous number of 0.000 GHS mn for Mar 2018. Ghana Public Debt: Domestic: Short Term: Advance data is updated monthly, averaging 0.000 GHS mn from Dec 2010 (Median) to Apr 2018, with 78 observations. The data reached an all-time high of 104.240 GHS mn in Dec 2012 and a record low of 0.000 GHS mn in Apr 2018. Ghana Public Debt: Domestic: Short Term: Advance data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.F003: Public Debt: by Holders and Structure .

Ghana Public Debt: Domestic: Long Term: Stock: Government data was reported at 14,188.680 GHS mn in Apr 2018. This stayed constant from the previous number of 14,188.680 GHS mn for Mar 2018. Ghana Public Debt: Domestic: Long Term: Stock: Government data is updated monthly, averaging 7,417.370 GHS mn from Dec 2010 (Median) to Apr 2018, with 78 observations. The data reached an all-time high of 14,188.680 GHS mn in Apr 2018 and a record low of 673.840 GHS mn in Dec 2010. Ghana Public Debt: Domestic: Long Term: Stock: Government data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.F003: Public Debt: by Holders and Structure .

Ghana Public Debt: Domestic: Short Term data was reported at 10,566.070 GHS mn in Aug 2018. This records a decrease from the previous number of 10,642.900 GHS mn for Jul 2018. Ghana Public Debt: Domestic: Short Term data is updated monthly, averaging 10,974.050 GHS mn from Dec 2010 (Median) to Aug 2018, with 82 observations. The data reached an all-time high of 20,777.840 GHS mn in Nov 2016 and a record low of 3,214.450 GHS mn in Dec 2010. Ghana Public Debt: Domestic: Short Term data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.F003: Public Debt: by Holders and Structure .

Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) in Ghana was reported at 536650504 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ghana - Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Ghana Public Debt: Domestic: Medium Term data was reported at 44,831.240 GHS mn in Aug 2018. This records an increase from the previous number of 43,690.280 GHS mn for Jul 2018. Ghana Public Debt: Domestic: Medium Term data is updated monthly, averaging 12,702.020 GHS mn from Dec 2010 (Median) to Aug 2018, with 82 observations. The data reached an all-time high of 44,831.240 GHS mn in Aug 2018 and a record low of 3,788.340 GHS mn in Dec 2010. Ghana Public Debt: Domestic: Medium Term data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.F003: Public Debt: by Holders and Structure .

In the financial year 2021, the government of Ghana signed loans to carry out projects in the education sector. The largest commitment (nearly *** million U.S. dollars) was intended for the establishment of **** new state of the art Technical and Vocational Education Training (TVET) centers in Ghana, accredited by the ING Bank NV and BNP Paribas. Moreover, the second phase (Facility A) of the construction of University of Environment and Sustainable Development in Somanya led to the signing of a loan in the value of around ** million U.S. dollars, provided by the Deutsche Bank.

As of 2021, the total external public debt in West Africa amounted to around *** billion U.S. dollars. Nigeria and Ghana recorded the highest levels of debt in the region, at approximately ***** billion U.S. dollars and ***** billion U.S. dollars, respectively. On the other hand, Gambia and Guinea-Bissau registered the lowest values, at *** million U.S. dollars and *** million U.S. dollars, respectively. Overall in Africa, a total external public debt of around *** U.S. dollars was reached at the said date.

Ghana Public Debt: Domestic: Long Term data was reported at 19,453.960 GHS mn in Apr 2018. This stayed constant from the previous number of 19,453.960 GHS mn for Mar 2018. Ghana Public Debt: Domestic: Long Term data is updated monthly, averaging 7,888.870 GHS mn from Dec 2010 (Median) to Apr 2018, with 78 observations. The data reached an all-time high of 19,453.960 GHS mn in Apr 2018 and a record low of 1,277.330 GHS mn in Dec 2010. Ghana Public Debt: Domestic: Long Term data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.F003: Public Debt: by Holders and Structure .