There’s a lot of back and forth about how much Ghana’s total debt is. So, let’s take a quick look at the current national debt, plus the government’s “unfunded liabilities,” to see how much each of us owes to cover Ghana’s debt and long-term obligations.

The short answer is 12,223 cedis. That’s not how much each household or adult taxpayer owes,  but every man, woman or child and  for a family of four, it is 48,892 cedis. That’s the latest analysis by

So you can make your check payable to the Bank of Ghana. Or you can learn about the debt problem and support policies that attempt to contain it and maybe someday reverse the trend which means opposing the government’s spending spree.

Let’s start with the National debt. The Bank of Ghana puts the total national debt at 351.8 billion cedis. That’s money that we, as taxpayers, will have to pay at some point in the future — since all government debt is ultimately a claim that must be paid by taxpayers.

Per the National Debt stock of 351.8 billion cedis put out by the Bank of Ghana  “debt per citizen” is currently 11,726 cedis. But there’s more, much more.

That 351.8 billion cedi ignores the financial sector resolution Bond and some energy sector debts arrears including future obligations.

Since taxpayers will ultimately be responsible for both the 351.8-billion-cedi debt and the nearly 20 billion cedis financial sector bailout liabilities, the present value of those two combined is about 12,223 cedis for every man, woman, and child in Ghana — all 30 million of them.

Below is how much each Ghanaian owes per the country’s public debt stock from 2015 to June ending 2021.

2015 – GHȼ3,333,

2016 – GHȼ4,066

2017 – GHȼ4,733

2018 – GHȼ5,766

2019 – GHȼ7,266

2020 – GHȼ9,700

2021 – GHȼ11,133 (June ending)