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 (75.7% of GDP) by July 2024, up from GH₵587.7 billion (70.3% of GDP) in the same period last year.

The external debt component rose to US$31.6 billion, while the domestic debt stood at GH₵290.9 billion.

Every Ghanaian is estimated to owe GH₵22,076. Ghana, under an IMF program seeking a US$3 billion bailout, received US$360 million after a successful review in July.

A third IMF review is underway, with the Bank of Ghana urging authorities to meet benchmarks to avoid delays in future funding.