CAGD Refutes Claims of GH¢138.91 Billion Debt Overstatement
The Controller and Accountant General’s Department (CAGD) has dismissed reports suggesting 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 earlier flagged discrepancies, noting that while the CAGD reported the total public debt at GH¢861.4 billion, the Ministry of Finance recorded GH¢737.17 billion.
Appearing before the Public Accounts Committee (PAC) on Monday, August 25, 2025, the Controller and Accountant General, Kwasi Agyei, clarified that the variance was addressed through a reconciliation exercise.
Supporting his submission, the Assistant Auditor-General in charge of Whole of Government Account Audit, Paul Affram, confirmed that the figures had since been reconciled after the report’s release, validating the CAGD’s position.
The Department has therefore urged the public to disregard suggestions of debt overstatement, assuring that Ghana’s financial reporting remains credible and transparent.
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