Ghana’s total public debt stock reached GH¢674.1 billion by the end of February 2026, according to the Bank of Ghana’s May 2026 Summary of Economic and Financial Data. The current debt stock translates to US$63.1 billion in dollar terms and is equivalent to 42.2% of the country’s Gross Domestic Product (GDP).

The central bank's report indicates a steady increase from previous months. In December 2025, the national debt stood at US61.3billion,whichthereportcapturesasGH¢64.1billionalongsideadebt−to−GDPratioof4.760.6 billion, equivalent to GH¢663.4 billion.

A closer look at the components of the debt for February 2026 reveals that external debt stood at US29.3billion,representing19.629.4 billion recorded in January 2026, and contrasts with a figure of US$20.4 billion also cited for February 2026 in the data.

Conversely, domestic debt experienced an upward trajectory, rising to GH¢360.4 billion in February 2026 from the GH¢341.0 billion recorded in January 2026. The February domestic debt figure represents roughly 22.6% of GDP. For comparison, the domestic debt stood at GH¢333.8 billion in December 2026.

Regarding the government’s broader fiscal operations, the Bank of Ghana data highlights that the fiscal deficit-to-GDP ratio stood at 0.3% in March 2026. During the same period, the country's primary balance registered a surplus equivalent to 1.2% of GDP.