Following an increase in Ghana’s public debt, the amount every single Ghanaian owes has been calculated and it is not child’s play.
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In December 2023, Ghana’s public debt rose to GH₵610 billion, which was a 26. 85 percent increase from the GH₵446.3 billion which was recorded in December 2022.
Currently, the country’s public debt has risen again to GH¢658.6 billion, which means, every Ghanaian owes GH¢19,671.
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According to Bank of Ghana’s Summary of Economic and Financial Data for May 2024, Ghana’s public debt rose to GH¢626.0 billion in January 2024 and in just a month, it increased to GH¢658.6 billion.
