Audio By Carbonatix
The continuous huge borrowing on the domestic market culminated in Ghana’s domestic debt outpacing external debt for the first time in several years.
According to data from the Bank of Ghana, domestic debt stood at GH¢323.7 billion, about 23.1% of Gross Domestic Debt, whilst external debt stood at GH¢305.0 billion, about 21.8% of GDP.
The Central Bank attributed the increase in domestic borrowings on the back of expected coupon payment obligations of the government on both tendered and untendered bonds in February and August 2025, resulting in higher borrowings to build buffer.
Meanwhile, the stock of public debt at the end of July 2025 stood at GH¢628.8 billion, representing 44.9%of GDP.
This shows a reduction of GH¢98.0 billion over the stock of GH¢726.7 billion (61.78% of GDP) recorded for end-December 2024.
This was as a result of the combined effects of exchange rate appreciation and a slower pace in debt accumulation resulting in a reduction in the stock of total public debt at the end of July 2025.
Latest Stories
-
Alan Kyerematen rejected my offer to serve as minister in 2000 – Kufuor reveals
25 minutes -
The Law Is Not A Goat Market – A Respone to the Debate on The OSP, Kpebu and Section 79
36 minutes -
‘I never backed Alan Kyerematen against Akufo-Addo’ – Kufuor clears air on old rumours
46 minutes -
Gov’t recommits to creative industry growth as MUSIGA celebrates 50 years of musical excellence
49 minutes -
Agric Minister applauds farmers, highlights new era of innovation at National Farmers Day
50 minutes -
False allegations on MIIF intended to malign the Fund
57 minutes -
Ghana, China deepen security cooperation after Kojo Bonsu’s high-level meeting in Beijing
1 hour -
Laboratory doctors lament 6 years of unemployment
1 hour -
Ghana’s improving macroeconomic outlook should drive progress across sectors – Fidelity Bank MD
1 hour -
NPP’s 2024 loss a wake-up call on governance and accountability – Kufuor
1 hour -
Dumelo urges youth to embrace agriculture, entrepreneurship at VYE forum
2 hours -
Trial of man accused of stabbing firefighter set for December 17
2 hours -
Prof Antwi-Danso cautions ECOWAS against rushed troop deployment to Benin
2 hours -
Africans must reclaim their dignity and history – Dr Ibn Chambas urges
2 hours -
Local production key to food security – Fisheries Minister
2 hours