Ghana’s public debt hits GH¢759.3bn at end-October 2026 – Ato Forson
Finance Minister Cassiel Ato Forson has disclosed that Ghana’s provisional public debt stood at GH¢759.3 billion at the end of October 2026, representing 47.5 per cent of the country’s Gross Domestic Product (GDP).
The latest figures, announced during the presentation of the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12, provide an update on the country’s debt position and the government’s efforts to manage its borrowing obligations.
According to Ato Forson, the provisional debt figures indicate that more than half of Ghana’s total public debt is now owed to domestic creditors, while the remaining portion constitutes external obligations.
He explained that domestic debt accounts for 56.4 per cent of the country’s total debt stock, with external debt representing 43.6 per cent.
“Provisional public debt stood at GH¢759.3 billion at end-October. The provisional debt-to-GDP ratio stood at 47.5 percent as at October 2026.
“Mr. Speaker, 56.4 percent of our debt is now domestic, with the remaining 43.6 percent owed externally. Mr. Speaker, our strategy is to reduce our external debt exposure, so that movements in the exchange rate do less damage to our total debt.”
