Ghana Government Debt: % of GDP

2006 - 2020 | Yearly | % | CEIC Data

Key information about Ghana`s Government Debt: % of GDP

  • Ghana Government debt accounted for 76.1 % of the country's Nominal GDP in Dec 2020, compared with the ratio of 62.4 % in the previous year.
  • Ghana government debt to GDP ratio data is updated yearly, available from Dec 2006 to Dec 2020.
  • The data reached an all-time high of 76.1 % 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 and Economic Planning 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 17.8 USD bn in Dec 2020.
  • View Ghana's Government Debt: % of GDP from 2006 to 2020 in the chart:

    Ghana Government Debt: % of GDP

    What was Ghana's Government Debt: % of GDP in 2020?

    Ghana Government debt accounted for 76.1 % of the country's Nominal GDP in Dec 2020, compared with the ratio of 62.4 % in the previous year. See the table below for more data.

    Last Previous Min Max Unit Frequency Range
    76.1 2020 62.4 2019 26.2 2006 76.1 2020 % yearly 2006 - 2020

    Government Debt: % of GDP by Country Comparison

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    country/region Last Frequency Range
    Albania (%) 73.1 Dec 2020 quarterly Sep 2010 - Dec 2020
    Algeria (%) 36.3 2018 yearly 1997 - 2018
    Argentina (%) 102.5 Dec 2020 quarterly Dec 2004 - Dec 2020
    Armenia (%) 67.3 Dec 2020 quarterly Dec 2013 - Dec 2020
    Australia (%) 43.2 2020 yearly 1999 - 2020
    Austria (%) 83.9 Dec 2020 quarterly Mar 2000 - Dec 2020
    Azerbaijan (%) 6.4 2010 yearly 2008 - 2010
    Bahrain (%) 100.7 Dec 2020 quarterly Dec 2007 - Dec 2020
    Bangladesh (%) 21.3 2020 yearly 2010 - 2020
    Belarus (%) 39.3 Mar 2021 quarterly Dec 2003 - Mar 2021
    Belgium (%) 114.1 Dec 2020 quarterly Dec 1980 - Dec 2020
    Bolivia (%) 27.2 2014 yearly 1998 - 2014
    Bosnia and Herzegovina (%) 26.3 2020 yearly 2007 - 2020
    Botswana (%) 13.9 Dec 2019 quarterly Jun 2014 - Dec 2019
    Brazil (%) 89.1 Mar 2021 quarterly Dec 2006 - Mar 2021
    Bulgaria (%) 25.3 Sep 2020 quarterly Mar 2007 - Sep 2020
    Cambodia (%) 28.1 2019 yearly 2013 - 2019
    Canada (%) 72.2 2021 yearly 1962 - 2021
    Chile (%) 34.8 Dec 2020 quarterly Mar 2002 - Dec 2020
    China (%) 20.6 Dec 2020 quarterly Mar 2014 - Dec 2020
    Colombia (%) 65.0 Dec 2020 quarterly Dec 2005 - Dec 2020
    Croatia (%) 89.1 Dec 2020 quarterly Dec 1995 - Dec 2020
    Cyprus (%) 119.1 Dec 2020 quarterly Dec 2010 - Dec 2020
    Czech Republic (%) 38.1 Dec 2020 quarterly Mar 2000 - Dec 2020
    Denmark (%) 42.2 Dec 2020 quarterly Mar 2000 - Dec 2020
    Ecuador (%) 63.9 Dec 2020 quarterly Dec 2005 - Dec 2020
    Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
    Estonia (%) 18.2 Dec 2020 quarterly Mar 2000 - Dec 2020
    European Union (%) 90.8 Dec 2020 quarterly Mar 2000 - Dec 2020
    Finland (%) 69.2 Dec 2020 quarterly Mar 2000 - Dec 2020
    France (%) 115.7 Dec 2020 quarterly Dec 1995 - Dec 2020
    Georgia (%) 59.9 Dec 2020 quarterly Mar 2006 - Dec 2020
    Germany (%) 69.7 Dec 2020 quarterly Mar 2000 - Dec 2020
    Ghana (%) 76.1 2020 yearly 2006 - 2020
    Greece (%) 205.6 Dec 2020 quarterly Dec 1999 - Dec 2020
    Hong Kong SAR, China (%) 42.2 2020 yearly 2003 - 2020
    Hungary (%) 78.5 Dec 2020 quarterly Dec 1990 - Dec 2020
    Iceland (%) 77.1 2020 yearly 1998 - 2020
    India (%) 56.6 Dec 2020 quarterly Mar 2012 - Dec 2020
    Indonesia (%) 39.4 Dec 2020 quarterly Jun 2015 - Dec 2020
    Iran (%) 16.5 Sep 2020 quarterly Mar 1998 - Sep 2020
    Ireland (%) 59.5 Dec 2020 quarterly Mar 2000 - Dec 2020
    Israel (%) 71.1 2020 yearly 1995 - 2020
    Italy (%) 155.8 Dec 2020 quarterly Dec 1995 - Dec 2020
    Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
    Japan (%) 224.9 Dec 2020 quarterly Dec 1994 - Dec 2020
    Jordan (%) 85.0 Sep 2020 quarterly Mar 2002 - Sep 2020
    Kazakhstan (%) 23.2 Sep 2020 quarterly Mar 2005 - Sep 2020
    Kenya (%) 68.6 Sep 2020 quarterly Dec 2009 - Sep 2020
    South Korea (%) 42.3 Dec 2020 quarterly Sep 2002 - Dec 2020
    Kosovo (%) 21.8 2020 yearly 2009 - 2020
    Kuwait (%) 3.2 Sep 2020 quarterly Dec 2010 - Sep 2020
    Kyrgyzstan (%) 68.1 Dec 2020 quarterly Mar 2011 - Dec 2020
    Latvia (%) 44.7 Sep 2020 quarterly Mar 2000 - Sep 2020
    Lebanon (%) 171.0 2019 yearly 1998 - 2019
    Lithuania (%) 47.1 Dec 2020 quarterly Mar 2000 - Dec 2020
    Luxembourg (%) 26.1 Sep 2020 quarterly Dec 1997 - Sep 2020
    North Macedonia (%) 51.3 Dec 2020 quarterly Dec 2009 - Dec 2020
    Malawi (%) 66.0 2014 yearly 2010 - 2014
    Malaysia (%) 62.2 Dec 2020 quarterly Dec 2010 - Dec 2020
    Malta (%) 54.3 Dec 2020 quarterly Dec 2000 - Dec 2020
    Mauritius (%) 76.5 Dec 2020 quarterly Jun 2003 - Dec 2020
    Mexico (%) 57.6 Dec 2020 quarterly Dec 2005 - Dec 2020
    Moldova (%) 32.9 Dec 2020 quarterly Mar 2007 - Dec 2020
    Montenegro (%) 103.3 Dec 2020 quarterly Dec 2010 - Dec 2020
    Morocco (%) 76.4 2020 yearly 1994 - 2020
    Nepal (%) 27.2 2019 yearly 1990 - 2019
    Netherlands (%) 54.5 Dec 2020 quarterly Dec 1999 - Dec 2020
    New Zealand (%) 33.6 Sep 2020 quarterly Dec 2007 - Sep 2020
    Nigeria (%) 18.8 Dec 2020 quarterly Dec 2010 - Dec 2020
    Norway (%) 46.0 2020 yearly 1995 - 2020
    Oman (%) 55.8 2019 yearly 1990 - 2019
    Pakistan (%) 84.1 2020 yearly 2000 - 2020
    Palestinian Territory (%) 89.7 Dec 2020 quarterly Dec 2010 - Dec 2020
    Panama (%) 69.8 Dec 2020 quarterly Dec 2007 - Dec 2020
    Paraguay (%) 30.9 Dec 2020 quarterly Dec 2014 - Dec 2020
    Peru (%) 35.0 Dec 2020 quarterly Mar 1999 - Dec 2020
    Philippines (%) 54.6 Dec 2020 quarterly Mar 1993 - Dec 2020
    Poland (%) 57.5 Dec 2020 quarterly Dec 2002 - Dec 2020
    Portugal (%) 135.4 Jun 2021 quarterly Mar 2000 - Jun 2021
    Qatar (%) 15.0 2012 yearly 2006 - 2012
    Romania (%) 47.2 Dec 2020 quarterly Dec 2011 - Dec 2020
    Russia (%) 17.7 Dec 2020 quarterly Dec 2011 - Dec 2020
    Saudi Arabia (%) 32.5 Dec 2020 quarterly Dec 2016 - Dec 2020
    Serbia (%) 57.4 Dec 2020 quarterly Sep 2004 - Dec 2020
    Singapore (%) 150.2 Dec 2020 quarterly Mar 1990 - Dec 2020
    Slovakia (%) 60.0 Jun 2020 quarterly Mar 2000 - Jun 2020
    Slovenia (%) 80.8 Dec 2020 quarterly Dec 1999 - Dec 2020
    South Africa (%) 77.1 Dec 2020 quarterly Dec 1960 - Dec 2020
    Spain (%) 122.8 Jun 2021 quarterly Mar 1995 - Jun 2021
    Sri Lanka (%) 101.0 Dec 2020 quarterly Mar 2014 - Dec 2020
    Sweden (%) 40.8 Dec 2020 quarterly Mar 2000 - Dec 2020
    Switzerland (%) 25.8 2018 yearly 1990 - 2018
    Taiwan (%) 32.7 2020 yearly 1996 - 2020
    Tajikistan (%) 45.5 2020 yearly 1999 - 2020
    Thailand (%) 44.9 Dec 2020 quarterly Dec 1997 - Dec 2020
    Tunisia (%) 77.1 Dec 2018 monthly Apr 2011 - Dec 2018
    Turkey (%) 39.5 Dec 2020 quarterly Dec 2001 - Dec 2020
    Ukraine (%) 53.9 Dec 2020 quarterly Dec 2010 - Dec 2020
    United Kingdom (%) 104.5 Dec 2020 quarterly Mar 1975 - Dec 2020

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    Ghana Key Series

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    Includes 119 key indicators for Ghana, curated by CEIC analysts. Instant access to full history data in excel.
    Government and Public Finance Last Frequency Range
    Consolidated Fiscal Balance: % of GDP (%) -6.6 Jun 2020 quarterly Dec 2008 - Jun 2020
    Consolidated Fiscal Balance (USD mn) -1,074.460 Jun 2020 monthly Jan 2008 - Jun 2020
    Tax Revenue (USD mn) 458.822 Jun 2020 monthly Jan 2008 - Jun 2020
    Tax Revenue: % of GDP (%) 9.8 Jun 2020 quarterly Mar 2008 - Jun 2020
    Government Debt: % of GDP (%) 76.1 2020 yearly 2006 - 2020
    Forecast: Government Expenditure (GHS bn) 176.019 2026 yearly 1980 - 2026
    Forecast: Government Net Debt (GHS bn) 680.561 2026 yearly 1990 - 2026
    Forecast: Government Revenue (GHS bn) 122.228 2026 yearly 1982 - 2026
    Foreign Trade Last Frequency Range
    Forecast: Exports of Goods Growth (%) 7.279 2026 yearly 1980 - 2026
    Trade Balance (USD mn) 392.3 Dec 2020 monthly Mar 2005 - Dec 2020
    Total Exports (USD mn) 1,298.2 Dec 2020 monthly Mar 2005 - Dec 2020
    Total Exports Growth (%) -7.6 Dec 2020 monthly Mar 2006 - Dec 2020
    Aluminum: Exports (USD th) 78,941.724 2020 yearly 1995 - 2020
    Exports: Medicament (USD th) 5,104.971 2020 yearly 1995 - 2020
    Exports: Medicinal and Pharmaceutical Product (USD th) 194.656 2020 yearly 1995 - 2020
    Total Imports (USD mn) 1,164.3 Mar 2021 monthly Mar 2005 - Mar 2021
    Total Imports Growth (%) -7.7 Dec 2020 monthly Mar 2006 - Dec 2020
    Imports: Medicament (USD th) 193,659.988 2020 yearly 1995 - 2020
    Imports: Medicinal and Pharmaceutical Product (USD th) 65,505.488 2020 yearly 1995 - 2020
    Total Exports to USA (USD mn) 90.887 Oct 2020 monthly Feb 1985 - Oct 2020
    Total Imports from USA (USD mn) 76.976 Jan 2021 monthly Jun 1995 - Jan 2021
    Total Exports to China (USD mn) 486.328 Feb 2021 monthly May 1995 - Feb 2021
    Total Imports from China (USD mn) 151.945 Feb 2021 monthly Jun 1986 - Feb 2021
    Balance of Payments Last Frequency Range
    Direct Investment Abroad (USD mn) 2.8 Dec 2019 quarterly Mar 2011 - Dec 2019
    Current Account Balance (USD mn) -709.3 Sep 2020 quarterly Mar 2005 - Sep 2020
    Current Account Balance: % of GDP (%) -4.1 Sep 2020 quarterly Mar 2006 - Sep 2020
    Foreign Direct Investment (USD mn) 838.4 Dec 2019 quarterly Mar 2011 - Dec 2019
    Foreign Direct Investment: % of GDP (%) 5.0 Dec 2019 quarterly Mar 2011 - Dec 2019
    Foreign Portfolio Investment (USD mn) -26.500 Dec 2019 quarterly Mar 2011 - Dec 2019
    Foreign Portfolio Investment: % of GDP (%) -0.2 Dec 2019 quarterly Mar 2011 - Dec 2019
    Foreign Portfolio Investment: Equity Securities (USD mn) 18.1 2010 yearly 1975 - 2010
    Foreign Portfolio Investment: Debt Securities (USD mn) -26.500 Dec 2019 quarterly Mar 2011 - Dec 2019
    External Debt (USD mn) 24,598.8 Mar 2021 monthly Jan 2012 - Mar 2021
    External Debt: % of GDP (%) 34.2 2020 yearly 1999 - 2020
    Forecast: Current Account Balance (USD bn) -3.960 2026 yearly 1980 - 2026
    Net International Investment Position (USD mn) -27,311.841 2019 yearly 2006 - 2019
    Monetary Last Frequency Range
    Non Performing Loans Ratio (%) 15.3 Feb 2021 monthly Dec 2005 - Feb 2021
    Non-Performing Loans (USD mn) 1,269.750 Sep 2020 quarterly Mar 2008 - Sep 2020
    Money Supply M1 (USD mn) 10,559.734 Dec 2020 quarterly Mar 1990 - Dec 2020
    Money Supply M2 (USD mn) 16,404.248 Dec 2020 quarterly Mar 1990 - Dec 2020
    M2 Growth (%) 35.1 Dec 2020 quarterly Mar 1991 - Dec 2020
    Foreign Exchange Reserves (USD mn) 6,884.2 Mar 2021 monthly Jan 1965 - Mar 2021
    Foreign Exchange Reserves: % of GDP (%) 9.927 Dec 2020 quarterly Dec 2006 - Dec 2020
    Foreign Exchange Reserves: Months of Import (NA) 6.8 Oct 2020 monthly Mar 2005 - Oct 2020
    Gold Reserves (Metric Ton) 1,000.000 2020 yearly 2008 - 2020
    Total Deposits (USD mn) 17,706.305 Dec 2020 monthly Dec 2004 - Dec 2020
    Total Deposits Growth (%) 25.7 Dec 2020 monthly Dec 2005 - Dec 2020
    Domestic Credit (USD mn) 23,472.9 Dec 2020 monthly Jan 1967 - Dec 2020
    Domestic Credit Growth (%) 48.7 Dec 2020 monthly Jan 1968 - Dec 2020
    Total Loans (USD mn) 8,292.948 Dec 2020 monthly Dec 2011 - Dec 2020
    Total Loans Growth (%) 5.60 Mar 2021 monthly Dec 2012 - Mar 2021
    Private Debt: % of Nominal GDP (%) 9.93 Dec 2020 quarterly Dec 2013 - Dec 2020
    Business and Economic Survey Last Frequency Range
    Business Confidence Growth (%) -3.5 Feb 2021 monthly Dec 2013 - Feb 2021

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