Gross debt, General government, Percent of GDP (9/26/2025) in Ghana
Ghana: Gross debt, General government, Percent of GDP (9/26/2025) was 42.33 in 2031. ▲ Rising
Gross debt, General government, Percent of GDP in Ghana, 1990–2031
Source: International Monetary Fund.
Analysis
Ghana recorded 42.33 for gross debt, general government, percent of gdp in 2031.
That represents a change of down 3.8% on the previous year and down 51.3% over ten years.
Over the whole period, gross debt, general government, percent of gdp in Ghana peaked at 92.72 in 2022 and was at its lowest, 17.29, in 2006.
Ghana ranks 17th of 26 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 42 years of available data.
Gross debt, General government, Percent of GDP (9/26/2025) in Ghana, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 17.79 | — |
| 1991 | 17.31 | -2.7% |
| 1992 | 21.33 | +23.2% |
| 1993 | 34.13 | +60.0% |
| 1994 | 50.59 | +48.2% |
| 1995 | 47.56 | -6.0% |
| 1996 | 42.87 | -9.9% |
| 1997 | 45.15 | +5.3% |
| 1998 | 37.59 | -16.7% |
| 1999 | 51.66 | +37.4% |
| 2000 | 74.46 | +44.1% |
| 2001 | 57.77 | -22.4% |
| 2002 | 54.06 | -6.4% |
| 2003 | 49.3 | -8.8% |
| 2004 | 38.36 | -22.2% |
| 2005 | 31.69 | -17.4% |
| 2006 | 17.29 | -45.4% |
| 2007 | 21.06 | +21.8% |
| 2008 | 23.19 | +10.1% |
| 2009 | 25.39 | +9.5% |
| 2010 | 32.92 | +29.7% |
| 2011 | 31.22 | -5.2% |
| 2012 | 35.47 | +13.6% |
| 2013 | 42.93 | +21.0% |
| 2014 | 50.11 | +16.7% |
| 2015 | 53.9 | +7.6% |
| 2016 | 55.94 | +3.8% |
| 2017 | 56.98 | +1.9% |
| 2018 | 61.98 | +8.8% |
| 2019 | 62.93 | +1.5% |
| 2020 | 79.09 | +25.7% |
| 2021 | 86.88 | +9.8% |
| 2022 | 92.72 | +6.7% |
| 2023 | 79.09 | -14.7% |
| 2024 | 70.34 | -11.1% |
| 2025 | 48.82 | -30.6% |
| 2026 | 53.01 | +8.6% |
| 2027 | 50.66 | -4.4% |
| 2028 | 48.12 | -5.0% |
| 2029 | 45.75 | -4.9% |
| 2030 | 44 | -3.8% |
| 2031 | 42.33 | -3.8% |
Ghana compared with similar countries
- Ghana's 42.33 is above the median for lower middle income countries, which is 42.33, 1.0× the median. (5 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 36.6 | 17.31 | 51.66 | 10 |
| 2000s | 39.26 | 17.29 | 74.46 | 10 |
| 2010s | 48.44 | 31.22 | 62.93 | 10 |
| 2020s | 65.45 | 45.75 | 92.72 | 10 |
| 2030s | 43.16 | 42.33 | 44 | 2 |
Countries ranked near Ghana
More external debt data for Ghana
- Net financial flows, IBRD -2.25 million NFL, current US$ (2005)
- IFC, private nonguaranteed (NFL, US$), per capita -1.02 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP -0.0004 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre -281.78 NFL, US$ per square kilometre (2023)
- Net financial flows, IDA (NFL, current US$), per capita 24.5 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0101 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IDA (NFL, current US$), per square kilometre 2,240 NFL, current US$ per square kilometre (2023)
- Use of IMF credit 5.36 billion DOD, current US$ (2025)
- External debt stocks, public and publicly guaranteed (PPG) 26.55 billion DOD, current US$ (2025)
- External debt stocks, long-term 30.56 billion DOD, current US$ (2025)
Frequently asked questions
- What is gross debt, general government, percent of gdp in Ghana?
- Gross debt, general government, percent of gdp in Ghana was 42.33 in 2031, according to International Monetary Fund.
- What is the highest gross debt, general government, percent of gdp recorded in Ghana?
- The highest recorded value was 92.72 in 2022.
- What is the lowest gross debt, general government, percent of gdp recorded in Ghana?
- The lowest recorded value was 17.29 in 2006.
- How does Ghana rank for gross debt, general government, percent of gdp?
- Ghana ranks 17th out of 26 countries with data for 2031.
- Is gross debt, general government, percent of gdp rising or falling in Ghana?
- Over the last ten years it is down 51.3%. The long-run trend across the full record is rising.
- Where does this Ghana data come from?
- The figures come from International Monetary Fund, published as part of Gross debt, General government, Percent of GDP (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.