{
  "id": 6079641,
  "title": "Domestic debt increased by GH¢57bn to GH¢391bn in June 2026; total public debt now GH¢719.5bn",
  "url": "https://urgent.news/2026/09/07/domestic-debt-increased-by-gh-57bn-to-gh-391bn-in-june-2026-total",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-07T01:09:37.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/domestic-debt-increased-by-gh%c2%a257bn-to-gh%c2%a2391bn-in-june-2026-total-public-debt-now-gh%c2%a2719-5bn/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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.",
  "key_points": [
    "Short-term instruments, particularly bills, primarily contributed to the rise in domestic debt.",
    "Total public debt reached GH¢719.520 billion by June 2026, accounting for 45.0% of GDP."
  ],
  "editors_take": "The surge in domestic debt to GH¢391bn, driven by growth in short-term, medium-term, and long-term securities, shifts the composition of Ghana's total public debt, now standing at GH¢719.5bn.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Domestic debt increased by GH¢57bn to GH¢391bn in June 2026; total public debt now GH¢719.5bn",
        "url": "https://urgent.news/2026/09/07/domestic-debt-increased-by-gh-57bn-to-gh-391bn-in-june-2026-total-6081103",
        "published": "2026-09-07T01:09:37.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}