News Ghana· 16h ago· 1 min read
NewsGhana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghanas-public-debt-hits-target-years-early/ Ghana's public debt fell to 45.0 percent of Gross Domestic Product (GDP) by the end of June 2026, meeting a legal debt ceiling eight years ahead of its 2034 deadline, according to figures presented to Parliament on Thursday.
The drop means government now spends far less of its own revenue servicing old loans. Debt service as a share of domestic revenue fell from 55.7 percent in 2022 to 28.8 percent in 2025, freeing up cedis that had been going toward interest payments instead of schools, hospitals and roads.
Public debt stood at 61.8 percent of GDP at the end of 2024. It dropped to 44.7 percent by the end of 2025, then edged up slightly to 45.0 percent in the first half of 2026 as government resumed limited borrowing for capital…
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