Ghana’s public debt stock increased to GH¢674.1 billion as of February 2026, according to the latest Summary of Economic and Financial Data released by the Bank of Ghana.
The figure represents 42.2 percent of the country’s Gross Domestic Product (GDP). In dollar terms, the public debt stock stood at US$63.1 billion in February 2026.
The data showed that Ghana’s debt stood at US$61.3 billion, equivalent to GH¢641.1 billion, in December 2025. In January 2026, the figure increased to US$60.6 billion or GH¢663.4 billion.
Despite the increase in the debt stock, the debt-to-GDP ratio in December 2025 stood at 44.7 percent.
According to the report, Ghana’s external debt stood at US$29.3 billion in February 2026, slightly lower than the US$29.4 billion recorded previously. This represents 19.6 percent of GDP.
However, domestic debt rose sharply to GH¢360.4 billion in February 2026 from GH¢341.0 billion in January, accounting for about 22.6 percent of GDP.
