Ghana’s debt has reduced from GHS726 billion to GHS630 billion, Finance minister Dr. Cassiel Ato Forson has stated.
Presenting the 2026 Budget Statement to Parliament on Thursday, November 13, 2025, the Minister said the country’s total public debt dropped from GHS726.7 billion, representing 61.8 percent of GDP in 2024, to GHS630.2 billion, equivalent to 45 percent of GDP by October 2025.
This he said has been achieved through fiscal discipline, prudent borrowing, and a stronger cedi, emphasizing that these factors have placed Ghana’s public debt on a firm downward path.
“For the first time in over a decade, we have recorded a negative rate in debt accumulation—from a positive 19.1 percent in 2024 to a negative 13.3 percent in 2025,” he stated.
He further stated that the economy has recovered from the challenges that confronted it before this government took over.
“We have restored fiscal discipline, brought inflation under control, stabilised the cedi, and rekindled investors’ confidence. This is not just a recovery, it’s a reset. This is a rebuilding from the ashes of daunting inheritance, a heavy burden laid on us by the previous administration,” Dr. Forson stated.
He added “Confidence is returning, the Black Star is rising once more. Ghana is back, strong, and full of hope—and yes, our Black Stars are heading to the World Cup. The tide has finally turned, and Ghana’s economy has now recovered, marked by renewed investor confidence. Ghana’s economy has regained its rhythm’’.
By: Rainbowrtadioonline.com/Ghana