Ghana’s Public Debts Reduce By GH¢113.7 Billion In 6 Months- Ato Forson

According to the Minister for Finance, Cassiel Ato Forson, the country’s public debt outlook is encouraging as it has witnessed a reduction in only six months.

Addressing parliament on July 24, 2025, he said public debt had reduced from GH¢726.7 billion as at end December 2024 to GH¢613 billion as at end-June 2025.

This means the debt has reduced by GH¢113.7 billion in six months.

“For the first time in Ghana’s history, there is a negative 15.6% rate of debt accumulation. Ghana’s public debt-to-GDP ratio as at end-June 2025 was 43.8%, from 61.8% at the end of 2024. Ghana’s public debt as a per cent of GDP reduced by 18% in six months.”

With regards to the country’s foreign debt, he said the total public debt had declined from 57.4% as at end-December 2024 to 49% by end-June 2025, improving the debt sustainability.

“Mr. Speaker, our commitment to fiscal discipline, prudent debt management and exchange rate appreciation has resulted in significant improvement in Ghana’s debt profile.”

source: https://opemsuo.com/author/hajara-fuseini/