By Samuel LARTEY(Prof)
Ghana’s economic story continues to evolve, with the country’s public debt profile taking a significant step forward.
The Bank of Ghana’s January 2025 Summary of Financial and Economic Data reveals that Ghana’s total public debt fell by GH¢24.1 billion month-on-month to GH¢736.0 billion in November 2024, thanks largely to external debt restructuring.
This development reflects a turning point for Ghana’s fiscal health, as the country works to regain stability in the face of recent economic challenges.
In dollar terms, Ghana’s total debt dropped to US$47.9 billion as of November 2024, down from US$51.6 billion during the same period in 2023.
While…