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The Controller and Accountant General’s Department (CAGD) has dismissed allegations that it overstated Ghana’s public debt by GH¢138.91 billion in the 2023 Whole of Government Accounts.
The Auditor-General’s report had flagged inconsistencies, indicating that while the CAGD reported the country’s total public debt at GH¢861.4 billion, the Ministry of Finance recorded GH¢737.17 billion.
Appearing before the Public Accounts Committee of Parliament on Monday, August 25, 2025, the Controller and Accountant General, Kwasi Agyei, explained that the matter had since been resolved through a reconciliation exercise.
Supporting his clarification, the Assistant Auditor-General in charge of Whole of Government Account Audit, Paul Affram, confirmed that the figures were reconciled after the release of the report, validating the CAGD’s position.
The Department has therefore urged the public to disregard claims suggesting that it had inflated the national debt figures.
