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Ghana Government Debt to GDP

General government gross debt as % of GDP  GGXWDG_NGDP

59.08% −11.27% (-16.0%)
Year 2025 Rank #79 Global Peak 92.72% (2022) Source IMF WEO

Ghana Government Debt to GDP (1990–2025)

Overview

Ghana's government debt to gdp stood at 59.08% in 2025, a decline of +11.27% from 2024. The IMF projects 59.08% by 2025. Ghana ranked 79th globally.

Data & projection

Year Government Debt to GDP YoY change Rank
2030* IMF 47.58% - -
2029* IMF 49.26% - -
2028* IMF 51.32% - -
2027* IMF 53.67% - -
2026* IMF 56.07% - -
2025* IMF 59.08% - -
2025 59.08% −11.27% #79
2024 70.35% −8.74% #134
2023 79.09% −13.63% #145
2022 92.72% +5.85% #161
2021 86.88% +7.79% #153
2020 79.09% +16.16% #137
2019 62.93% +0.95% #133
2018 61.98% +4.99% #132
2017 56.98% +1.04% #121
2016 55.94% +2.05% #116
2015 53.90% +3.79% #120
2014 50.11% +7.18% #121
2013 42.93% +7.46% #109
2012 35.47% +4.25% #91
2011 31.22% −1.70% #72
Show all years (1990-2025)
* IMF World Economic Outlook projection

Detected Pattern

Currency Crisis Pattern
Rapid currency depreciation (>30% YoY) combined with reserve drawdown and inflation surge. Often precedes emergency rate hikes.
Inflation 38.1% Reserves YoY -30.4% FX YoY +33.2%
Occurred 128 times, 35 successful
Inflation
133.5%
Reserves YoY
-48.5%
FX YoY
+126.8%
Inflation
38.1%
Reserves YoY
-30.4%
FX YoY
+33.2%
Inflation
221.3%
Reserves YoY
-15.4%
FX YoY
+820.4%
Inflation
47.6%
Reserves YoY
-20.6%
FX YoY
+51.7%
Inflation
667.4%
Reserves YoY
-80.7%
FX YoY
+835.9%
Inflation
31.3%
Reserves YoY
-47.5%
FX YoY
+42.5%
24 mo later
22.8%

Analysis

Ghana matched the Currency Crisis Pattern pattern in 2023. Historically, 27% of countries showing this pattern (35 out of 128) saw government debt to gdp improve within 24 months. View full analysis →

Frequently Asked Questions

What is Ghana's government debt to gdp?

Ghana's government debt to gdp was 59.08% in 2025. Ranked 79th globally. This represents a 16.0% decrease from the previous year.

What was the highest government debt to gdp in Ghana?

Ghana's government debt to gdp peaked at 92.72% in 2022.

What was the lowest government debt to gdp in Ghana?

The lowest government debt to gdp in Ghana was 17.29% in 2006.

How does Ghana rank in government debt to gdp?

Ghana ranks 79th globally in government debt to gdp as of 2025.

What is the World Bank indicator code for government debt to gdp?

The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.

What is the projected government debt to gdp of Ghana in 2025?

Ghana's government debt to gdp is projected to reach 59.08% by 2025 based on IMF projection.

What is the government debt to gdp of Ghana in 2025?

The government debt to gdp of Ghana in 2025 was 59.08%. This ranks 79th in the world.

Cite this page

APA
Ghana Government Debt to GDP. HistorySaid. Retrieved April 1, 2026, from https://historysaid.com/ghana/government-debt-to-gdp
BibTeX
@misc{historysaid_ghana_government-debt-to-gdp, title = {Ghana Government Debt to GDP}, url = {https://historysaid.com/ghana/government-debt-to-gdp}, publisher = {HistorySaid}, year = {2026} }