Investment Times

Ghana's public debt has surged to GH¢761.2 billion ($51.1 billion), now accounting for 75.7% of the country's GDP, according to recent data from the Bank of Ghana (BoG). This marks a significant increase from GH¢633.3 billion earlier this year and GH¢587 billion in 2023. The sharp rise in debt highlights the growing fiscal pressures Ghana faces amid economic challenges and the complexities of external debt restructuring. External debt now represents 47.1% of GDP, amounting to GH¢470.3 billion ($31.6 billion), up from 36% at the beginning of the year, as the country strives to stabilize its balance of payments. However, this...