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ALWAYS FRED > Business & Economy > Ghana remains 4th in Africa with highest debt to IMF
Ghana remains 4th in Africa with highest debt to IMF
Business & Economy

Ghana remains 4th in Africa with highest debt to IMF

May 17, 2026 2 Min Read
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Ghana has the very best debt to the Worldwide Financial Fund (IMF), rating fourth in Africa.

Nonetheless, its legal responsibility to Bretton Woods establishments amounted to $2.72 billion in particular drawing rights, exceeding the SDR 1.96 billion recorded in January 2026.

This equates to US$3.88 billion.

The rise within the state’s debt to the Fund is as a result of influx of funds acquired because of the Prolonged Credit score Facility program.

Egypt stays at 1cent Africa has the very best debt to the IMF. The fund owes SDRs of $7.24 billion.

Ivory Coast adopted with SDR 3.6 billion.

Kenya (SDR 2.87 billion), Angola (SDR 2.493 billion) and Democratic Republic of Congo got here in third place.rd and 5th and 6th every.

On Might 15, 2026, the IMF accomplished its 2026 Article IV consultations and reached a staff-level settlement with Ghana on the sixth overview and 36-month coverage adjustment instrument request below the Prolonged Credit score Facility Association.

He praised the improved debt trajectory, saying the nation had created fiscal house to advance its growth targets whereas sustaining hard-won stabilization positive aspects.

Nonetheless, he cautioned that this house is dependent upon sturdy implementation of formidable public monetary administration and structural reforms to scale back the dangers related to contingent liabilities.

See also  Government promotes cashew apple processing to increase value addition

Ghana ended 2025 with complete debt of GHF641 billion, a slight lower.

The debt-to-gross home product (GDP) ratio slowed to 45.3%.

In 2024, the nation’s complete debt excellent was CHF 726.7 billion, with a debt-to-GDP ratio of 61.8%.

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