ACCRA, Nov 26 (The African Portal) – Ghana’s public debt rose by GH¢71.6 billion in the third quarter of 2025 to GH¢684.6 billion ($55.1 billion) as of September, according to the Bank of Ghana’s latest Summary of Economic and Financial Data.
The figure is equivalent to 48.9% of GDP, up from GH¢613 billion, or 43.8% of GDP, in June.
Despite the quarter-on-quarter increase, the central bank said broader trends indicate continued progress in reducing the debt burden. Total public debt fell by GH¢67.5 billion between January and September, while year-on-year levels declined by GH¢125.4 billion from September 2024.
External debt drove most of the rise in the third quarter, increasing to GH¢367 billion from GH¢300.3 billion in June. However, on longer timelines, external liabilities have dropped significantly, falling GH¢432 billion year-to-date and GH¢508.6 billion compared with a year earlier. External debt now represents 26.2% of GDP.
Domestic debt remained broadly stable at GH¢317.6 billion in September, compared with GH¢312.7 billion in June.
The Bank of Ghana estimates nominal GDP at GH¢1.4 trillion.
