Ghana’s total public debt stock edged up marginally to $49.5 billion as of March 2025, according to the latest figures released by the Bank of Ghana.
This represents a small increase from $49.4 billion recorded in February 2025, despite the Ghanaian cedi strengthening considerably against the US dollar during the period.
Measured in local currency terms, the debt stood at GH₵769.4 billion, up from GH₵768.1 billion the previous month, accounting for 55% of the nation’s Gross Domestic Product (GDP).
The slight increase reflects a relatively stable debt position amid favourable currency movements, which have bolstered the cedi’s value.
Interestingly, the domestic portion of the debt decreased slightly from GH₵328 billion to GH₵326.9 billion.
This reduction may be attributed to the government’s cautious approach towards issuing treasury bills, which has tempered domestic borrowing levels.
Meanwhile, external debt rose modestly from GH₵440.1 billion (\$28.3 billion) to GH₵442.5 billion (\$28.5 billion).
In terms of GDP composition, external debt accounted for 31.6%, while domestic debt contributed 23.4%.
The Bank of Ghana’s report also highlights the cedi’s remarkable appreciation against major currencies.
The local currency surged by 24.1% against the US dollar, 16.2% against the British pound, and 14.1% against the Euro — a significant reversal following years of depreciation.
As of May 2025, the cedi was trading at approximately GH₵11.85 to the US dollar, GH₵15.84 to the British pound, and GH₵13.34 to the Euro.
The strengthening currency, coupled with prudent debt management,t signals a more positive outlook for Ghana’s economic stability moving forward.
Latest Stories
-
You’ve 30 days or you’re out – Sam George warns radio stations after Mahama’s directive
3 minutes -
Media shutdown: Our fight is not against free speech but impunity – Sam George
12 minutes -
Richard Nyamah demands NPP NEC summon Freddie Blay over support for a Mahama ‘3rd Term’ bid
18 minutes -
Asenso-Boakye leads Bantama Assembly Members to pay courtesy call on Kumasi Mayor
21 minutes -
Cunha completes ‘dream’ £62.5m Man Utd move
28 minutes -
GRNMA strike: Nurses, government progress in talks
30 minutes -
Nursing and Midwifery unions urge GRNMA to end strike due to progress in conditions of service talks
31 minutes -
FIFA celebrates One Year to Go until the FIFA World Cup 26
31 minutes -
Mahama’s clemency for affected radio stations mere optics – Afenyo-Markin
33 minutes -
GJA 2025 Elections: Full list of qualified candidates announced
51 minutes -
Ghana Horticulture Expo 2025: Agriculture key to Ghana’s development – Mahama
53 minutes -
GAUA-KNUST members receive training in peer-reviewed publishing and grantsmanship
1 hour -
Private citizen petitions Mahama to sack GIFEC CEO Tanko Rashid-Computer over alleged ‘fake’ PhD
2 hours -
Quarry operators warn of nationwide shutdown over encroachment threats
2 hours -
Ecobank Ghana approves GH₵0.34 dividend for 2024, records GH₵5.4bn revenue
2 hours