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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd
Ghana’s public debt stock increased to GH¢674.1 billion as of February 2026.
This is equivalent to 42.2% of Gross Domestic Product (GDP). In dollar term, the public debt stock stood at US$63.1 billion in February 2026.
According to the Bank of Ghana’s May 2026 Summary of Economic and Financial Data, the country’s debt stood at US$61.3 billion (GH¢641.1 billion) in December 2025 and US$60.6 billion (GH¢663.4 billion) in January 2026. In December 2025, the debt to GDP ratio was however 44.7%.
The data showed that the external debt stood at US$29.3 billion in February 2026, slightly lower than the US$29.4 billion in January 2026 and US$29.4 billion in February 2026 respectively.
This represents 19.6% of GDP.
Source: newsthemegh.com