Ghana’s public debt has fallen to GH¢761 billion as of October 2024.
This is a GHS46.8 billion decrease compared to the GH¢807.8 billion recorded in September 2024.
According to latest data from the Bank of Ghana, the new public debt figure represents 74.6% of Gross Domestic Product (GDP).
In dollar terms, the total debt stock stood at US$46.8 billion during the period under review declining from the US$51 billion the previous month.
These are according to the Bank of Ghana’s Summary of Economic and Financial Data for November 2024.
The decline, though modest, reflects efforts to manage the country’s rising debt burden amidst significant economic pressures.
