{"id":134303,"date":"2025-09-13T10:12:14","date_gmt":"2025-09-13T10:12:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/134303\/"},"modified":"2025-09-13T10:12:14","modified_gmt":"2025-09-13T10:12:14","slug":"imf-hails-ghanas-fiscal-progress-predicts-sharp-drop-in-debt-to-gdp","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/134303\/","title":{"rendered":"IMF hails Ghana’s fiscal progress, predicts sharp drop in debt-to-GDP"},"content":{"rendered":"

\"IMF <\/a>IMF projects 60% debt-to-GDP ratio for Ghana<\/p>\n

The International Monetary Fund<\/a> (IMF) has predicted a debt-to-Gross Domestic Product ratio of 60% for Ghana by the close of 2025.<\/p>\n

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.<\/p>\n

Speaking at a press briefing in Washington, DC, on Thursday, September 11, 2025, she said; \u201cThe recent debt restructuring agreement has significantly improved debt service indicators for Ghana.\u201d<\/p>\n

Ghana government’s account credited with $360 million World Bank support<\/a><\/p>\n

Kozack noted that the decline in debt positions strategically positions Ghana to attract critical investment inflows and create room for economic rebound.<\/p>\n

She noted that despite the reduction, it is prudent to ensure fiscal consolidation and boost domestic revenue generation to reduce reliance on external aid.<\/p>\n

Kozack described the country’s performance as a meaningful step towards fiscal sustainability, adding that; \u201cThis drop can be described as a specifically steep reduction in Ghana\u2019s public debt\u201d.<\/p>\n

Further, she noted that there is a need to \u201cboost domestic revenue, strengthen public financial management, and overall maintain fiscal discipline.\u201d<\/p>\n

The government has, in recent times, fulfilled all its due debt obligations to external creditors under the Debt Restructuring Programme.<\/p>\n

Data from the Bank of Ghana<\/a> has also noted that as of June 2025, Ghana\u2019s total debt stock stood at GH\u00a2613 billion, representing 43.8% of GDP.<\/p>\n

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.<\/p>\n

SSD\/AE<\/p>\n","protected":false},"excerpt":{"rendered":"IMF projects 60% debt-to-GDP ratio for Ghana The International Monetary Fund (IMF) has predicted a debt-to-Gross Domestic Product…\n","protected":false},"author":2,"featured_media":83639,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-134303","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\/134303","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=134303"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/134303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/83639"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=134303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=134303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=134303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}