The International Monetary Fund (IMF) forecasts that Ghana’s total debt stock will reach 60% of GDP by the end of 2025, following the country’s recent debt restructuring efforts.
According to the IMF’s Director of Communications, Julie Kozack, the significant decline in Ghana’s debt levels is largely due to the impact of the debt restructuring programme, which has placed the nation on a path toward fiscal sustainability.
Speaking at a press conference in Washington, D.C., Kozack highlighted that the debt agreement has notably improved Ghana’s debt service indicators, helping free up fiscal space for economic recovery and essential investment.
“This decline in public debt can be seen as a particularly steep reduction,” she said, describing it as a sign of progress toward restoring fiscal health.
Kozack further emphasized the importance of ongoing reforms to maintain the momentum, including boosting domestic revenue, enhancing public financial management, and upholding fiscal discipline.
Debt Statistics
The Bank of Ghana reported in June 2025 that the country’s total debt stock had dropped to GH¢613 billion, representing 43.8% of GDP at that time.
