Public and publicly guaranteed debt service in Ghana
Ghana: Public and publicly guaranteed debt service was 1.1% in 2024. ◆ Volatile
Public and publicly guaranteed debt service in Ghana, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for public and publicly guaranteed debt service in Ghana is 1.1%, measured in 2024.
Compared with earlier readings it is up 60.4% on the previous year and down 21.6% over ten years.
Over the whole period, public and publicly guaranteed debt service in Ghana peaked at 7.7% in 2000 and was at its lowest, 0.7%, in 2023.
That places Ghana 93rd out of 123 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Public and publicly guaranteed debt service in Ghana, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 1.2% | — |
| 1971 | 1.2% | -0.8% |
| 1972 | 0.7% | -42.5% |
| 1973 | 0.8% | +12.7% |
| 1974 | 0.9% | +21.9% |
| 1975 | 2.0% | +107.6% |
| 1976 | 1.9% | -3.8% |
| 1977 | 1.2% | -36.9% |
| 1978 | 1.9% | +55.8% |
| 1979 | 1.8% | -0.8% |
| 1980 | 2.4% | +32.0% |
| 1981 | 1.6% | -32.4% |
| 1982 | 1.8% | +7.5% |
| 1983 | 2.8% | +55.6% |
| 1984 | 2.0% | -26.0% |
| 1985 | 2.2% | +5.6% |
| 1986 | 2.1% | -0.3% |
| 1987 | 3.2% | +47.5% |
| 1988 | 4.0% | +27.0% |
| 1989 | 4.0% | +0.3% |
| 1990 | 3.3% | -17.4% |
| 1991 | 2.6% | -22.6% |
| 1992 | 3.3% | +27.4% |
| 1993 | 3.4% | +3.1% |
| 1994 | 4.6% | +34.5% |
| 1995 | 4.0% | -11.9% |
| 1996 | 4.5% | +12.5% |
| 1997 | 5.0% | +11.6% |
| 1998 | 5.2% | +4.1% |
| 1999 | 5.2% | -1.4% |
| 2000 | 7.7% | +49.8% |
| 2001 | 3.9% | -49.1% |
| 2002 | 3.0% | -24.5% |
| 2003 | 3.0% | +0.7% |
| 2004 | 2.6% | -11.6% |
| 2005 | 2.6% | -1.3% |
| 2006 | 1.3% | -51.8% |
| 2007 | 0.8% | -35.6% |
| 2008 | 0.7% | -12.5% |
| 2009 | 0.9% | +19.8% |
| 2010 | 0.8% | -0.8% |
| 2011 | 0.8% | -5.2% |
| 2012 | 1.1% | +34.6% |
| 2013 | 0.9% | -15.0% |
| 2014 | 1.4% | +50.8% |
| 2015 | 1.9% | +41.0% |
| 2016 | 2.8% | +42.7% |
| 2017 | 3.1% | +11.9% |
| 2018 | 3.7% | +20.4% |
| 2019 | 3.4% | -9.4% |
| 2020 | 3.7% | +8.4% |
| 2021 | 4.0% | +8.0% |
| 2022 | 2.8% | -28.6% |
| 2023 | 0.7% | -76.2% |
| 2024 | 1.1% | +60.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.4% | 0.7% | 2.0% | 10 |
| 1980s | 2.6% | 1.6% | 4.0% | 10 |
| 1990s | 4.1% | 2.6% | 5.2% | 10 |
| 2000s | 2.7% | 0.7% | 7.7% | 10 |
| 2010s | 2.0% | 0.8% | 3.7% | 10 |
| 2020s | 2.5% | 0.7% | 4.0% | 5 |
Countries ranked near Ghana
More external debt data for Ghana
- IFC, private nonguaranteed -35.10 million NFL, US$ (2024)
- 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 843.42 million NFL, current US$ (2024)
- 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, IBRD -2.25 million NFL, current US$ (2005)
- Public and publicly guaranteed debt service 2.9% (2024)
- Net financial flows, IDA (NFL, current US$), per square kilometre 2,240 NFL, current US$ per square kilometre (2023)
Frequently asked questions
- What is public and publicly guaranteed debt service in Ghana?
- Public and publicly guaranteed debt service in Ghana was 1.1% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest public and publicly guaranteed debt service recorded in Ghana?
- The highest recorded value was 7.7% in 2000.
- What is the lowest public and publicly guaranteed debt service recorded in Ghana?
- The lowest recorded value was 0.7% in 2023.
- How does Ghana rank for public and publicly guaranteed debt service?
- Ghana ranks 93rd out of 123 countries with data for 2024.
- Is public and publicly guaranteed debt service rising or falling in Ghana?
- Over the last ten years it is down 21.6%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Public and publicly guaranteed debt service (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt service to gross national income. Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.