Debt stock hits GH₵ 761.2bn as of July 2024; every Ghanaian owing GH₵22,076

Ghana’s debt stock reached GH₵761.2 billion by July 2024, accounting for 75.7% of the country’s GDP.

This is an increase from GH₵587.7 billion (70.3% of GDP) in the same period last year, according to the Bank of Ghana's latest economic data.

The external debt rose to US$31.6 billion, making up 46.1% of GDP, while domestic debt was GH₵290.9 billion (28.5% of GDP).

Each Ghanaian is estimated to owe GH₵22,076.

Currently, Ghana is under an IMF programme, aiming for a US$3 billion bailout to aid economic recovery, with a third review underway to secure additional funding.