As of June 2023, Ghana’s national debt totaled GH575.5 billion, representing 71.9% of the country’s gross domestic product (GDP).
Comparing this to the GH569.2 billion reported in April 2023, there has only been a slight increase of GH6.3 billion.
The public debt of the country has increased by GH27.7 billion since January 2023, according to the Bank of Ghana’s Summary of Economic and Financial Data for September 2023, which was sighted by 1Family Radio.
By June 2023, the whole debt stock was valued at $52.3 billion in US dollars.
Domestic debt totaled GH246.9 billion ($30.8 billion), while external debt came to GH328.6 billion (US$29.9 billion).
While the amount of overseas debt increased from GH321.3 billion in April 2023 to GH7.3 billion, the amount of domestic debt decreased somewhat for the same period, from GH247.9 billion to GH246.9 billion.
The actual gross domestic product, on the other hand, was still at GH 800.9 billion as of June 2023, a number that has increased from GH 610.2 billion in June 2022 but has not increased since January 2023.