IMF projects 60% debt-to-GDP ratio for Ghana
The International Monetary Fund (IMF) has predicted a debt-to-Gross Domestic Product ratio of 60% for Ghana by the close of 2025.
According to the IMF Director of Communications, Julie Kozack, this is due to the successful fulfilment of the country’s debt restructuring obligations, leading to a steady decline in debt levels.
Speaking at a press briefing in Washington, DC, on Thursday, September 11, 2025, she said; “The recent debt restructuring agreement has significantly improved debt service indicators for Ghana.”
Ghana government’s account credited with $360 million World Bank support
Kozack noted that the decline in debt positions strategically positions Ghana to attract critical investment inflows and create room for economic rebound.
She noted that despite the reduction, it is prudent to ensure fiscal consolidation and boost domestic revenue generation to reduce reliance on external aid.
Kozack described the country’s performance as a meaningful step towards fiscal sustainability, adding that; “This drop can be described as a specifically steep reduction in Ghana’s public debt”.
Further, she noted that there is a need to “boost domestic revenue, strengthen public financial management, and overall maintain fiscal discipline.”
The government has, in recent times, fulfilled all its due debt obligations to external creditors under the Debt Restructuring Programme.
Data from the Bank of Ghana has also noted that as of June 2025, Ghana’s total debt stock stood at GH¢613 billion, representing 43.8% of GDP.
Praising the government, the IMF said the new administration’s resolve to enact a strong budget, tighten monetary policy, implement public financial management reforms, and adjust electricity tariffs, while continuing to make progress with debt restructuring efforts, is a good indicator.
SSD/AE