Ghana Government Debt: % of GDP

2006 - 2023 | Yearly | % | CEIC Data

Key information about Ghana Government Debt: % of GDP

  • Ghana Government debt accounted for 72.3 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 72.9 % in the previous year.
  • Ghana government debt to GDP ratio data is updated yearly, available from Dec 2006 to Dec 2023.
  • The data reached an all-time high of 80.3 % in Dec 2020 and a record low of 26.2 % in Dec 2006.

CEIC extends history for annual Government Debt as % of Nominal GDP. The Ministry of Finance provides annual Government Debt as % of Nominal GDP. Government Debt refers to Public Debt. Government Debt as % of Nominal GDP prior to 2013 is based on SNA 1993.
  • The country's Nominal GDP reached 17.9 USD bn in Jun 2024.
  • View Ghana's Government Debt: % of GDP from 2006 to 2023 in the chart:

    Ghana Government Debt: % of GDP

    What was Ghana's Government Debt: % of GDP in 2023?

    Ghana Government debt accounted for 72.3 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 72.9 % in the previous year. See the table below for more data.

    Last Previous Min Max Unit Frequency Range
    72.3 2023 72.9 2022 26.2 2006 80.3 2020 % yearly 2006 - 2023

    Government Debt: % of GDP by Country Comparison

    country/region Last Frequency Range
    Albania (%) 53.7 Jun 2024 quarterly Sep 2010 - Jun 2024
    Algeria (%) 48.9 2023 yearly 1997 - 2023
    Argentina (%) 80.3 Mar 2023 quarterly Dec 2004 - Mar 2023
    Armenia (%) 48.5 Jun 2024 quarterly Dec 2013 - Jun 2024
    Australia (%) 38.1 2023 yearly 1999 - 2023
    Austria (%) 83.0 Jun 2024 quarterly Mar 2000 - Jun 2024
    Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
    Bahrain (%) 88.7 Jun 2024 quarterly Dec 2007 - Jun 2024
    Bangladesh (%) 26.4 2024 yearly 2010 - 2024
    Belarus (%) 35.9 Mar 2022 quarterly Dec 2003 - Mar 2022
    Belgium (%) 108.2 Mar 2024 quarterly Dec 1980 - Mar 2024
    Bolivia (%) 27.2 2014 yearly 1998 - 2014
    Bosnia and Herzegovina (%) 19.1 2023 yearly 2007 - 2023
    Botswana (%) 17.2 Jun 2023 quarterly Jun 2014 - Jun 2023
    Brazil (%) 78.3 Sep 2024 quarterly Dec 2006 - Sep 2024
    Bulgaria (%) 22.4 Mar 2024 quarterly Mar 2007 - Mar 2024
    Cambodia (%) 25.3 2022 yearly 2013 - 2022
    Canada (%) 69.6 2024 yearly 1962 - 2024
    Chile (%) 40.9 Jun 2024 quarterly Mar 2002 - Jun 2024
    China (%) 24.6 Jun 2024 quarterly Mar 2014 - Jun 2024
    Colombia (%) 58.8 Dec 2023 quarterly Dec 2005 - Dec 2023
    Croatia (%) 61.5 Jun 2024 quarterly Dec 1995 - Jun 2024
    Cyprus (%) 70.5 Jun 2024 quarterly Dec 2010 - Jun 2024
    Czech Republic (%) 42.6 Jun 2024 quarterly Mar 2000 - Jun 2024
    Denmark (%) 33.6 Jun 2024 quarterly Mar 2000 - Jun 2024
    Ecuador (%) 66.9 Jun 2024 quarterly Dec 2005 - Jun 2024
    Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
    Estonia (%) 23.8 Jun 2024 quarterly Mar 2000 - Jun 2024
    European Union (%) 81.5 Jun 2024 quarterly Mar 2000 - Jun 2024
    Finland (%) 80.0 Jun 2024 quarterly Mar 2000 - Jun 2024
    France (%) 110.6 Dec 2023 quarterly Dec 1995 - Dec 2023
    Georgia (%) 38.3 Jun 2024 quarterly Mar 2006 - Jun 2024
    Germany (%) 62.0 Jun 2024 quarterly Mar 2000 - Jun 2024
    Ghana (%) 72.3 2023 yearly 2006 - 2023
    Greece (%) 163.6 Jun 2024 quarterly Dec 1999 - Jun 2024
    Hong Kong SAR, China (%) 50.2 2023 yearly 2003 - 2023
    Hungary (%) 76.0 Sep 2024 quarterly Dec 1990 - Sep 2024
    Iceland (%) 64.2 2023 yearly 1998 - 2023
    India (%) 58.3 Jun 2024 quarterly Mar 2012 - Jun 2024
    Indonesia (%) 38.9 Sep 2024 quarterly Jun 2015 - Sep 2024
    Iran (%) 7.5 Dec 2023 quarterly Mar 1998 - Dec 2023
    Ireland (%) 42.8 Jun 2024 quarterly Mar 2000 - Jun 2024
    Israel (%) 60.3 2023 yearly 1995 - 2023
    Italy (%) 139.8 Jun 2024 quarterly Dec 1995 - Jun 2024
    Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
    Japan (%) 217.0 Sep 2024 quarterly Dec 1994 - Sep 2024
    Jordan (%) 89.5 Jun 2024 quarterly Mar 2002 - Jun 2024
    Kazakhstan (%) 21.7 Dec 2023 quarterly Mar 2005 - Dec 2023
    Kenya (%) 67.2 Jun 2024 quarterly Dec 2009 - Jun 2024
    South Korea (%) 46.1 Jun 2024 quarterly Sep 2002 - Jun 2024
    Kosovo (%) 19.9 2022 yearly 2009 - 2022
    Kuwait (%) 0.3 Jun 2024 quarterly Dec 2010 - Jun 2024
    Kyrgyzstan (%) 43.0 Jun 2024 quarterly Mar 2011 - Jun 2024
    Latvia (%) 46.4 Jun 2024 quarterly Mar 2000 - Jun 2024
    Lebanon (%) 150.6 2020 yearly 1998 - 2020
    Lithuania (%) 37.4 Jun 2024 quarterly Mar 2000 - Jun 2024
    Luxembourg (%) 26.8 Jun 2024 quarterly Dec 1997 - Jun 2024
    North Macedonia (%) 54.5 Jun 2024 quarterly Dec 2009 - Jun 2024
    Malawi (%) 66.0 2014 yearly 2010 - 2014
    Malaysia (%) 65.0 Sep 2024 quarterly Dec 2010 - Sep 2024
    Malta (%) 47.1 Mar 2024 quarterly Dec 2000 - Mar 2024
    Mauritius (%) 69.3 Dec 2023 quarterly Jun 2003 - Dec 2023
    Mexico (%) 47.7 Sep 2024 quarterly Dec 2005 - Sep 2024
    Moldova (%) 34.9 Jun 2024 quarterly Mar 2007 - Jun 2024
    Mongolia (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
    Montenegro (%) 62.1 Jun 2024 quarterly Dec 2010 - Jun 2024
    Morocco (%) 71.5 2022 yearly 1994 - 2022
    Nepal (%) 39.9 2021 yearly 1990 - 2021
    Netherlands (%) 43.2 Jun 2024 quarterly Dec 1999 - Jun 2024
    New Zealand (%) 42.6 Jun 2024 quarterly Dec 2006 - Jun 2024
    Nigeria (%) 52.8 Jun 2024 quarterly Dec 2010 - Jun 2024
    Norway (%) 44.3 2023 yearly 1995 - 2023
    Oman (%) 36.5 2023 yearly 1990 - 2023
    Pakistan (%) 72.4 2023 yearly 2000 - 2023
    Palestinian Territory (%) 126.9 Jun 2024 quarterly Dec 2010 - Jun 2024
    Panama (%) 61.2 Jun 2024 quarterly Dec 2007 - Jun 2024
    Paraguay (%) 36.2 Jun 2024 quarterly Dec 2014 - Jun 2024
    Peru (%) 32.6 Sep 2024 quarterly Mar 1999 - Sep 2024
    Philippines (%) 61.3 Sep 2024 quarterly Mar 1993 - Sep 2024
    Poland (%) 52.3 Jun 2024 quarterly Dec 2002 - Jun 2024
    Portugal (%) 100.6 Jun 2024 quarterly Dec 1995 - Jun 2024
    Qatar (%) 15.0 2012 yearly 2006 - 2012
    Romania (%) 51.1 Jun 2024 quarterly Dec 2011 - Jun 2024
    Russia (%) 14.6 Mar 2024 quarterly Dec 2011 - Mar 2024
    Saudi Arabia (%) 28.4 Jun 2024 quarterly Dec 2016 - Jun 2024
    Serbia (%) 52.4 Jun 2024 quarterly Sep 2004 - Jun 2024
    Singapore (%) 173.0 Sep 2024 quarterly Mar 1990 - Sep 2024
    Slovakia (%) 60.5 Mar 2024 quarterly Mar 2000 - Mar 2024
    Slovenia (%) 69.5 Jun 2024 quarterly Dec 1999 - Jun 2024
    South Africa (%) 74.6 Jun 2024 quarterly Dec 1960 - Jun 2024
    Spain (%) 105.3 Jun 2024 quarterly Mar 1995 - Jun 2024
    Sri Lanka (%) 98.8 Jun 2024 quarterly Mar 2014 - Jun 2024
    Sweden (%) 30.2 Mar 2024 quarterly Mar 1996 - Mar 2024
    Switzerland (%) 23.3 2028 yearly 1990 - 2028
    Taiwan (%) 29.1 2023 yearly 1996 - 2023
    Tajikistan (%) 36.3 2021 yearly 1999 - 2021
    Thailand (%) 55.9 Sep 2024 quarterly Dec 1997 - Sep 2024
    Tunisia (%) 79.7 Dec 2021 monthly Apr 2011 - Dec 2021
    Turkey (%) 26.1 Jun 2024 quarterly Dec 2001 - Jun 2024
    Ukraine (%) 79.4 Dec 2023 quarterly Dec 2010 - Dec 2023

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    Ghana Key Series

    Government and Public Finance Last Frequency Range
    Consolidated Fiscal Balance: % of GDP (%) -3.5 Jun 2024 quarterly Dec 2008 - Jun 2024
    Consolidated Fiscal Balance (USD mn) -305.529 Jun 2024 monthly Jan 2008 - Jun 2024
    Tax Revenue (USD mn) 776.284 Jun 2024 monthly Jan 2008 - Jun 2024
    Tax Revenue: % of GDP (%) 13.9 Jun 2022 quarterly Mar 2008 - Jun 2022
    Government Debt: % of GDP (%) 72.3 2023 yearly 2006 - 2023
    Forecast: Government Expenditure (GHS bn) 408.854 2029 yearly 1980 - 2029
    Forecast: Government Net Debt (GHS bn) 1,296.452 2029 yearly 1990 - 2029
    Forecast: Government Revenue (GHS bn) 349.498 2029 yearly 1982 - 2029
    Foreign Trade Last Frequency Range
    Forecast: Exports of Goods Growth (%) 4.394 2028 yearly 1980 - 2028
    Trade Balance (USD mn) 659.7 Aug 2024 monthly Mar 2005 - Aug 2024
    Total Exports (USD mn) 1,890.3 Aug 2024 monthly Jan 2010 - Aug 2024
    Total Exports Growth (%) 52.8 Aug 2024 monthly Jan 2011 - Aug 2024
    Aluminum: Exports (USD th) 103,616.725 2023 yearly 1995 - 2023
    Exports: Medicament (USD th) 11,448.519 2023 yearly 1995 - 2023
    Exports: Medicinal and Pharmaceutical Product (USD th) 382.361 2023 yearly 1995 - 2023
    Total Imports (USD mn) 1,230.6 Aug 2024 monthly Mar 2005 - Aug 2024
    Total Imports Growth (%) 5.9 Aug 2024 monthly Mar 2006 - Aug 2024
    Imports: Medicament (USD th) 158,976.676 2023 yearly 1995 - 2023
    Imports: Medicinal and Pharmaceutical Product (USD th) 83,941.840 2023 yearly 1995 - 2023
    Total Exports to USA (USD mn) 45.264 Jul 2024 monthly Feb 1985 - Jul 2024
    Total Imports from USA (USD mn) 78.783 Jul 2024 monthly Jun 1995 - Jul 2024
    Total Exports to China (USD mn) 144.855 Jul 2024 monthly May 1995 - Jul 2024
    Total Imports from China (USD mn) 311.759 Jul 2024 monthly Jun 1986 - Jul 2024
    Export Value Index (2015=100) 142.693 2021 yearly 1980 - 2021
    Export Volume Index (2015=100) 97.296 2021 yearly 1980 - 2021
    Import Volume Index (2015=100) 84.815 2021 yearly 1980 - 2021
    Import Value Index (2015=100) 101.215 2021 yearly 1980 - 2021
    Balance of Payments Last Frequency Range
    Direct Investment Abroad (USD mn) -4.7 Mar 2024 quarterly Mar 2011 - Mar 2024
    Current Account Balance (USD mn) 998.5 Jun 2024 quarterly Mar 2005 - Jun 2024
    Current Account Balance: % of GDP (%) 5.6 Jun 2024 quarterly Mar 2006 - Jun 2024
    Foreign Direct Investment (USD mn) 380.3 Mar 2024 quarterly Mar 2011 - Mar 2024
    Foreign Direct Investment: % of GDP (%) 1.7 Mar 2024 quarterly Mar 2011 - Mar 2024
    Foreign Portfolio Investment (USD mn) -308.059 Dec 2021 quarterly Mar 2011 - Dec 2021
    Foreign Portfolio Investment: % of GDP (%) 0.0 Mar 2024 quarterly Mar 2011 - Mar 2024
    Foreign Portfolio Investment: Equity Securities (USD mn) -9.3 2023 yearly 1975 - 2023
    Foreign Portfolio Investment: Debt Securities (USD mn) 13.739 Mar 2024 quarterly Mar 2011 - Mar 2024
    External Debt (USD mn) 31,566.3 Jul 2024 monthly Jan 2012 - Jul 2024
    External Debt: % of GDP (%) 39.5 2023 yearly 1999 - 2023
    Forecast: Current Account Balance (USD bn) -2.128 2029 yearly 1980 - 2029
    Net International Investment Position (USD mn) -23,941.736 2023 yearly 2006 - 2023
    BoP: Financial Account: Financial Derivatives & Employee Stock Options (USD mn) 26.798 Mar 2024 quarterly Mar 2021 - Mar 2024
    BoP: Financial Account: Financial Derivatives & Employee Stock Options: Liabilit... (USD mn) 111.654 Mar 2024 quarterly Mar 2021 - Mar 2024
    BoP: Financial Account: Financial Derivatives & Employee Stock Options: Assets (USD mn) 138.453 Mar 2024 quarterly Mar 2021 - Mar 2024
    BoP: Financial Account: Portfolio Investment: Assets (USD mn) -63.908 Mar 2024 quarterly Mar 2021 - Mar 2024
    Monetary Last Frequency Range
    Non Performing Loans Ratio (%) 24.3 Aug 2024 monthly Dec 2005 - Aug 2024
    Non-Performing Loans (USD mn) 1,397.674 Jun 2024 quarterly Mar 2008 - Jun 2024
    Money Supply M1 (USD mn) 9,298.488 Jun 2024 quarterly Mar 1990 - Jun 2024
    Money Supply M2 (USD mn) 13,953.808 Jun 2024 quarterly Mar 1990 - Jun 2024
    M2 Growth (%) 35.6 Jun 2024 quarterly Mar 1991 - Jun 2024
    Foreign Exchange Reserves (USD mn) 3,368.9 Jan 2024 monthly Jan 1965 - Jan 2024
    Foreign Exchange Reserves: % of GDP (%) 3.820 Dec 2023 quarterly Dec 2006 - Dec 2023
    Foreign Exchange Reserves: Months of Import (NA) 2.4 Jan 2024 monthly Mar 2005 - Jan 2024
    Gold Reserves (Metric Ton) 1,000.000 2023 yearly 2008 - 2023
    Total Deposits (USD mn) 16,526.320 Aug 2024 monthly Jan 1999 - Aug 2024
    Total Deposits Growth (%) 34.0 Aug 2024 monthly Jan 2000 - Aug 2024
    Domestic Credit (USD mn) 17,262.9 Jul 2024 monthly Jan 1967 - Jul 2024
    Domestic Credit Growth (%) -3.5 Jul 2024 monthly Jan 1968 - Jul 2024
    Total Loans (USD mn) 5,706.251 Aug 2024 monthly Jan 1999 - Aug 2024
    Total Loans Growth (%) 19.67 Aug 2024 monthly Jan 2000 - Aug 2024
    Private Debt: % of Nominal GDP (%) 9.91 Jun 2024 quarterly Dec 2013 - Jun 2024
    Business and Economic Survey Last Frequency Range
    Business Confidence Growth (%) 14.4 Aug 2024 monthly Dec 2013 - Aug 2024

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