By Francis Kobena Tandoh
Ghana’s public debt has taken a significant downward turn, this is according to Finance Minister, Dr. Cassiel Ato Forson, during the presentation of the 2026 budget statement to Parliament on Thursday.
Presenting the 2026 budget statement and economic policy of the government of Ghana for the 2026 financial year to the country’s Parliament, he observed that the downward turn marks one of the sharpest declines in the country’s history.
Total public debt of the country, according to the minister, has dropped from GH₵726.7 billion, representing 61.8 percent of GDP in 2024, to GH₵630.2 billion, equivalent to 45 percent of Gross Domestic Product (GDP) by October 2025.
“For the first time in over a decade, we have recorded a negative rate in debt accumulation—from a positive 19.1 percent in 2024 to a negative 13.3 percent in 2025,” said Dr. Forson.
The finance minister attributed this turnaround to fiscal discipline, prudent borrowing, and a stronger cedi, emphasizing that these factors have placed Ghana’s public debt on a firm downward path. Enditem
Source: Ghana Eye Report
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