Ghana's public debt stock has risen sharply, increasing by over GH¢70 billion in just three months, driven by the cedi's significant depreciation against the US dollar in the third quarter of 2025. According to latest Bank of Ghana data, the total public debt has now reached GH¢684.6 billion, with projections indicating it could exceed GH¢700 billion by year-end if the cedi's struggles continue. The cedi's 24% loss in value against the US dollar in Q3 has largely fuelled this debt increase, undoing some of the gains made in Q2 when it appreciated by over 40%. This recent depreciation has wiped out some of the debt reduction achieved through prudent management and appreciation earlier in the year. Earlier in the year, Finance Minister Dr. Cassiel Ato Forson had reported a significant improvement in Ghana's debt profile, citing prudent debt management and exchange rate appreciation, with debt declining from GH¢726.7 billion in December 2024 to GH¢613 billion by June...
Ghanaians can look forward to a merrier Christmas with cheaper fuel prices on the horizon. According to Gabriel Kumi, Board Chairman of the Chamber of Oil Marketing Companies (COMAC), global petroleum prices are falling, and consumers are set to benefit from mid-December. Speaking on PM Express Business Edition, Kumi said, "Fortunately, Ghanaians are going to have a very good Christmas in terms of petroleum prices, because already the indication is that the price of finished petroleum products is going down." He provided specific decreases in prices, noting that diesel has seen a 10% decrease, petrol has dropped by 6%, and LPG has also seen a 1-1.5% decrease. The only major condition for these reductions to reflect in pump prices is the stability of the Ghanaian cedi. If the cedi is held in check, then we can be sure that on the 16th of December, prices of petroleum products will generally go down," Kumi said. He explained that this drop will take the country throu...