He is said to have died Thursday morning at the Korle Bu Teaching Hospital (KBTH) in Accra Graphic Online has gathered.
Mr Rawlings had been on admission at Korle Bu for about a week for an undisclosed ailment.
Graphic Online gathers he felt sick after his mother’s burial about three weeks ago.
Born on June 22, 1947, Graphic Online gathers that he passed on Thursday morning.
As a former Ghanaian military leader and subsequent politician, Mr Rawlings led a military junta from 1981 until 1992, and then served two terms as the democratically elected President of Ghana from January 7, 1993 to January 6, 2001.
Mr Rawlings initially came to power as a flight lieutenant of the Ghana Air Force following a coup d’état in 1979.
Prior to that, he led an unsuccessful coup attempt against the ruling military government on May 15, 1979, just five weeks before scheduled democratic elections were due to take place.
After initially handing power over to a civilian government, he took back control of the country on December 31, 1981 as the Chairman of the Provisional National Defence Council (PNDC).
In 1992, Mr Rawlings resigned from the military, founded the National Democratic Congress (NDC), and became the first President of the 4th Republic.
He was re-elected in 1996 for four more years.
source : Graphic.com