Ghana had the fourth-highest amount of outstanding debt to the IMF among all of Africa.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Ghana placed 4th in Africa with the highest outstanding debt to the International Monetary Fund, the Fund’s 2024 Quarterly Financial Statement has revealed.

The country’s total indebtedness to the IMF stood at 2.275 billion Special Drawing Rights, equivalent to $3.068 billion.

Egypt came first in Africa, owing the IMF SDR 10.050 billion.

It was followed by Angola and Kenya in second and third, which were indebted to the Fund to the tune of SDR 2.989 billion and SDR 2.566 billion, respectively. Meanwhile, Nigeria and Morocco dropped out of the top ten, making way for Cameroon and Ethiopia.

Source: newsthemegh.com