{"id":107136,"date":"2025-09-01T15:18:07","date_gmt":"2025-09-01T15:18:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/107136\/"},"modified":"2025-09-01T15:18:07","modified_gmt":"2025-09-01T15:18:07","slug":"ghana-ranks-5th-in-africa-for-imf-debt","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/107136\/","title":{"rendered":"Ghana ranks 5th in Africa for IMF debt"},"content":{"rendered":"<p id=\"article-123\">Ghana remains the fifth-highest debtor to the <a target=\"_blank\" href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/people\/person.php?ID=3679\" rel=\"nofollow noopener\">International Monetary Fund<\/a> (IMF) in Africa, with an outstanding credit of SDR (Special Drawing Rights) 2.70 billion as of August 2025.<\/p>\n<p>A report by myjoyonline.com indicates that this figure is unchanged from the previous month.<\/p>\n<p>At the top of the list is Egypt, with SDR 7.18 billion in IMF debt, followed by C\u00f4te d\u2019Ivoire with SDR 3.10 billion, and Kenya at SDR 3.02 billion.<\/p>\n<p>Ghana ranks just behind, ahead of the Democratic Republic of Congo, Ethiopia, Tanzania, Cameroon, and Zambia, which round out the continent\u2019s top ten IMF borrowers.<\/p>\n<p><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/Ghana-to-exit-IMF-program-in-2026-President-Mahama-1985471\" rel=\"nofollow noopener\" target=\"_blank\">Ghana to exit IMF program in 2026 \u2013 President Mahama<\/a><\/p>\n<p>While IMF support can be crucial during economic downturns, experts warn that excessive reliance on the Fund may erode national policy autonomy and long-term credibility.<\/p>\n<p>IMF programs often come with strict conditions, including fiscal austerity and structural reforms, which can limit a country\u2019s ability to chart its own development path.<\/p>\n<p>For African nations, the challenge lies in balancing the short-term relief provided by IMF loans with the long-term risks of dependency.<\/p>\n<p>As Ghana and other countries navigate economic recovery, avoiding debt traps and building resilient, self-sustaining economies is key to their growth.<\/p>\n<p>SA\/MA<\/p>\n<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"Ghana remains the fifth-highest debtor to the International Monetary Fund (IMF) in Africa, with an outstanding credit of&hellip;\n","protected":false},"author":2,"featured_media":107137,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-107136","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/107136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=107136"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/107136\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/107137"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=107136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=107136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=107136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}