Ghana's public debt and inflation are skyrocketing. Ghana's outstanding public debt increased to 80.1% of GDP (GH¢351.8 billion, approximately USD 47.9 million) at end-December 2021 from 76.0% of GDP (GH¢291.6 billion). of GH¢, approximately “39.7 million USD) at the end of December 2020, according to data communicated by the Monetary Policy Committee of the Central Bank (Bank of Ghana) meeting on March 21, 2022. This development, explains the institute of issue, results from a “large deficit (cash, excluding the cost of cleaning up the financial sector) of 9.7% of GDP, compared to the programmed objective of 9.4%”.