"This report analyses the development in public domestic debt in Ghana, and its impact on the economy for the period 2000 to 2009 with the objective of looking at the institutional framework regarding the budgetary process, uses of public funds and contracting of loans and making policy recommendations for improving the management of the debt. The study takes a critical look at the legal framework, structure of the domestic debt, its impact on the economy, the sustainability of the debt and the extent to which the discovery of oil and gas will impact on internal revenue generation leading to reduction in budget deficits. It also provides an assessment of the nature of the relationships between different policy instruments for domestic debt acquisition."