Ghana Interest Payments to Revenue
Interest payments as % of revenue GC.XPN.INTP.RV.ZS
Ghana's interest payments to revenue was 61.44% in 2025, ranked 2nd globally. This represents a 30.0% increase from 2024. Data from World Bank, covering 1990–2025.
Overview
Ghana's interest payments to revenue stood at 61.44% in 2025, a rise of +14.17pp from 2022. Based on recent trends, this figure is projected to reach 61.44% by 2025. Ghana ranked 2nd globally.
Ghana’s interest payments as a share of revenue have risen sharply over the 27‑year series, moving from a low of 10.22 % in 1990 to an all‑time peak of 61.44 % in 2025, the second‑highest ratio among the World Bank’s country sample. The trough of 9.61 % occurred in 2007, after which fiscal pressures accelerated, reflecting a widening debt service burden amid higher borrowing costs and slower revenue growth. By 2025 the proportion of revenue devoted to interest outlays more than sixfold exceeded the 1990 level, eclipsing peers such as Malawi (36.33 %) and India (36.24 %) and approaching Sri Lanka’s 98.10 % ratio. This upward trajectory signals tightening fiscal space and heightened vulnerability to external shocks. Continued debt consolidation, revenue enhancement, or lower global interest rates would be required to reverse the trend and bring the interest‑to‑revenue ratio back toward historic norms.
Data & projection
| Year | Interest Payments to Revenue | YoY change | Rank |
|---|---|---|---|
| 2025* trend | 61.44% | - | - |
| 2025 | 61.44% | +14.17pp | #2 |
| 2022 | 47.27% | −0.55pp | #111 |
| 2021 | 47.82% | +3.21pp | #124 |
| 2020 | 44.61% | +7.58pp | #133 |
| 2019 | 37.04% | +3.82pp | #132 |
| 2018 | 33.21% | −0.98pp | #131 |
| 2017 | 34.19% | −1.58pp | #137 |
| 2016 | 35.77% | +4.85pp | #137 |
| 2015 | 30.92% | +0.62pp | #138 |
| 2014 | 30.30% | +6.46pp | #134 |
| 2013 | 23.83% | +8.34pp | #121 |
| 2012 | 15.49% | +3.04pp | #121 |
| 2011 | 12.46% | −3.79pp | #108 |
| 2010 | 16.25% | +1.07pp | #113 |
| 2009 | 15.18% | +3.12pp | #111 |
Detected Pattern
Analysis
Ghana matched the Currency Crisis Pattern pattern in 2023. Historically, 27% of countries showing this pattern (35 out of 128) saw interest payments to revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Ghana's interest payments to revenue was 61.44% in 2025. Ranked 2nd globally. This represents a 30.0% increase from the previous year.
Ghana's interest payments to revenue peaked at 61.44% in 2025.
The lowest interest payments to revenue in Ghana was 9.61% in 2007.
Ghana ranks 2nd globally in interest payments to revenue as of 2025.
The World Bank indicator code is GC.XPN.INTP.RV.ZS. Data sourced from World Bank.
Ghana's interest payments to revenue is projected to reach 61.44% by 2025 based on trend extrapolation.
The interest payments to revenue of Ghana in 2025 was 61.44%. This ranks 2nd in the world.
Cite this page
@misc{historysaid_ghana_interest-to-revenue,
title = {Ghana Interest Payments to Revenue},
url = {https://historysaid.com/ghana/interest-to-revenue/},
publisher = {HistorySaid},
year = {2026}
}