Interest-payments

Interest payments to average a high 20% of government revenue over next 4 years

Government spending in quarter one 2026 dropped by 21%; capital expenditure still below target

Government spent GH¢194.36bn in 2025, 24% lower than targeted amount

Government spent GH¢101.21bn in half-year 2024

Government to spend GH¢119.62bn on compensation and interest payments in 2024

Interest payments estimated at 45% of revenue and grants in 2023 despite DDEP – Fitch

High yields to keep government interest payments elevated – Report

Ghana spent 45% of revenue on interest payments in 2022 – IMF

Fitch to downgrade Ghana to very deep junk status; Country’s Issuer Default Rating now ‘C’

Government spending, arrears clearance within target – BoG

Interest payments for first 5 months hit ¢17.84bn; constitutes 60% of domestic revenue – BoG

Government spent ¢37.5bn to pay interest, salaries in half-year 2022

Interest payments to rise further as cost of borrowing increases

Interest payments hit ¢10.6bn in quarter 1; domestic interest payments constitute 82.7% – BoG

Government spent ¢33.61bn on interest payments in 2021

Interest payments projected at ¢37.2bn in 2022

Government spent ¢6.75bn on interest payments in quarter 2 2021 – BoG

Ghana’s debt jumped 1.66% to hit GHS263bn in July 2020

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