Ghana’s public debt reduced by GH¢40 billion between September 2025 and November 2025 to GH¢644.6 billion.

This is approximately 45.5% of Gross Domestic Product (GDP).

However, in dollar terms, the total public debt stood at US$57.2 billion in November 2025, lower than US$57.8 billion recorded in October 2025, but higher than the US$55.1 billion recorded in September 2025.

According to data from the Bank of Ghana, the country’s public debt stood at GH¢630.2 billion in October 2026.

Between March and May 2025, the country’s public debt stock fell by GH¢156.4 billion to GH¢612 billion. However, it has been increasing since then until October 2025 when it plummeted.

The data showed that the external debt stood at US$29.3 billion in November 2025 2025, lower than the US$29.5 billion in November 2025.  This represented 23.3% of GDP.

The domestic debt dropped to GH¢314.5 billion in November 2025, from GH¢317.6 billion in September 2025, about 22.2% of GDP.

For the government’s fiscal operations, the fiscal deficit-to-GDP stood at 1.4 % in November 2025.

However, the primary balance was a surplus of 2.8% of GDP.