Domestic debt increased by GH¢57bn to GH¢391bn in June 2026; total public debt now GH¢719.5bn
According to the Bank of Ghana, the year-to-date increase in the domestic debt stock came from significant increases in short-term securities by GH¢33.432 billion, medium-term securities by GH¢17.249 billion, and long-term securities by GH¢6.763 billion.
In June 2026, Ghana's domestic debt rose to GH¢391.115 billion, representing 24.5% of the country's Gross Domestic Product, an increase of GH¢57 billion compared to the previous year. This growth was primarily driven by significant expansions in short-term, medium-term, and long-term securities. According to the Bank of Ghana's July 2026 Monetary Policy Report, short-term instruments, specifically bills, played a major role in the rise of domestic debt, having replaced loans that were previously restricted during the Domestic Debt Exchange Programme.
Medium-term debt rose due to currency depreciation affecting USD-denominated bonds and bond recapitalization, while long-term debt increased due to bond tap-ins and the Bank of Ghana's recapitalization. By the end of June, the total domestic debt comprised 41.0% of the total debt stock, followed by medium-term debt at 39.1% and long-term debt at 19.7%.
The total public debt, encompassing both domestic and external debt, expanded to GH¢719.520 billion, or 45.0% of GDP, from GH¢641.111 billion (44.7% of GDP) at the close of December 2025. External debt saw minimal growth due to exchange rate pressures, with domestic and external debt making up 54.4% and 45.6% of the total debt stock, respectively.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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