Ghana’s debt-to-Gross Home Product (GDP) is anticipated to slender barely under 60% by the tip of 2025.
In line with the African Growth Financial institution (AfDB) 2025 Financial Outlook, this might be a little bit decrease than the 61.8% recorded in 2024.
The Financial institution of Ghana reported in its Could 2025 Abstract of Financial and Monetary Information that Ghana’s debt-to-GDP ratio was estimated at 55%. This was, nonetheless, greater than the 53.7% and 54.9% recorded in January 2025 and February 2025.
The nation’s general debt was estimated at GH¢769.4 billion, about US$49.5 billion.
Of the continent’s 54 economies, the AfDB stated debt ratios are under pre-pandemic ranges in 15.
It identified that the debt ratios in most of those nations have declined considerably owing to steep consolidation measures aimed toward creating extra fiscal house for funding in crucial areas of improvement. For example, relative to 2023, Angola’s debt-to-GDP ratio fell by about 42.1 share factors in 2024, the most important decline.
This was adopted by São Tomé and Príncipe, at about 40 share factors.
Dangers of Systematic Debt Disaster properly Contained
In the meantime, AfDB stated the chance of a systemic debt disaster is contained in Africa, however vulnerabilities
proceed to linger. Africa has broadly escaped a systemic debt disaster with the containment of progress in public debt.
Nevertheless, there are lingering and elevated debt vulnerabilities.
“These dangers primarily stem from excessive world rates of interest, at which most of Africa’s industrial debt
was contracted, and alternate charge depreciations, which increase the price of debt service. Even with the
measures taken to comprise public expenditure, the first deficit stays an essential driver of debt, adopted by curiosity funds and low GDP progress.
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