Makrognosis

Ghana Government Debt to GDP

MonthlyNot seasonally adjustedCode GH.GOVDEBT.M.NSA

Latest45.7%August 2026
Previous45.9%July 2026
Year ago46.4%August 2025

Ghana Government Debt to GDP was 45.7% in August 2026, down 0.2 percentage points from July 2026 and down 0.7 percentage points from a year earlier.

Among the 38 economies Makrognosis covers on this measure, it is the 12th lowest.

Over the past available history it has ranged from 41.5% (Jan 2026) to 68.9% (Sep 2024), averaging 55.9%.

Ghana Government Debt to GDP (% of GDP), Jan 2023 – Aug 202640%50%60%70%2023202420252026Robomacro
Ghana Government Debt to GDP (% of GDP), Jan 2023 – Aug 2026. Source: Ghana Ministry of Finance.

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValue
August 202645.7%
July 202645.9%
June 202645.0%
May 202645.1%
April 202643.6%
March 202642.9%
February 202642.2%
January 202641.5%
December 202545.3%
November 202545.6%
October 202544.6%
September 202548.4%
August 202546.4%
July 202544.5%
June 202543.4%
May 202543.3%
April 202551.7%
March 202554.5%
February 202554.4%
January 202553.3%
December 202461.8%
November 202463.1%
October 202465.2%
September 202468.9%

Last 24 observations. The full history (44 observations) is available through the API.

Get Ghana Government Debt to GDP in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/GH.GOVDEBT.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/GH.GOVDEBT.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationAugust 2026
First observationJanuary 2023
Observations44
FrequencyMonthly
Units% of GDP
AdjustmentNot seasonally adjusted
10-year high68.9% (Sep 2024)
10-year low41.5% (Jan 2026)
10-year average55.9%
Source agencyGhana Ministry of Finance
Makrognosis codeGH.GOVDEBT.M.NSA

Government Debt to GDP: how Ghana compares

#EconomyPeriodLatest
1SingaporeJan 2025166.1%
2GreeceApr 2026140.8%
3ItalyApr 2026139.9%
4CanadaApr 2026131.3%
5United StatesSep 2026121.7%
22ColombiaJan 202562.9%
23NorwayApr 202660.8%
24RomaniaApr 202659.4%
25MexicoSep 202650.9%
26ThailandJan 202549.5%
27GhanaAug 202645.7%
28Czech RepublicApr 202643.8%
29NetherlandsApr 202643.7%
30ChileApr 202643.0%
31SwitzerlandJan 202540.1%
32AustraliaJun 202637.9%
33IrelandApr 202635.3%

Government Debt to GDP by country: all 38 economies ranked →

Other Ghana indicators

Ghana Credit Rating & Sovereign Risk ScoreGhana Central-government gross debt (MoFEP, USD million)Ghana Monetary Policy Rate (Bank of MPC), calendar-month average of the official rate in force

FAQ

What is the current government Debt to GDP in Ghana?
The latest reading is 45.7% for August 2026, published by Ghana Ministry of Finance.
Where does this data come from?
It is collected directly from Ghana Ministry of Finance and is available through the Makrognosis API under the code GH.GOVDEBT.M.NSA.

Last updated 2026-10-23. Source: Ghana Ministry of Finance. Original title: “Ghana central-government gross debt, % of GDP (MoFEP monthly debt-data)”.