Ghana's public debt surged to GH₵610 billion by December 2023, marking a significant 26.85% increase from the previous year's GH₵446.3 billion. 

This figure now represents 72.5% of the country's Gross Domestic Product. 

Despite the successful completion of a domestic debt exchange, Ghana's year-to-date debt level rose by GH₵163.7 billion, as reported by the Bank of Ghana's Summary of Economic and Financial Data for March 2024. In dollar terms, the total debt stood at US$52.4 billion, largely attributed to the depreciation of the local currency. 

Of this, external debt accounted for GH₵350.3 billion (US$30.1 billion), while domestic debt stood at GH₵259.7 billion, representing 30.9% of GDP. 

External debt increased by GH₵109.4 billion, while domestic debt saw a marginal rise of GH₵54.3 billion. Ghana's nominal GDP surged from GH₵614.3 billion to GH₵841.6 billion.