Ghana was still the fourth most indebted country in Africa in the start of 2026 – IMF

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

Ghana began 2026 remaining in the 4th position in Africa with the highest debt to the International Monetary Fund (IMF).

The country’s exposure to the IMF stood at Special Drawing Rights (SDR) 1.96 billion in February 2026, higher than the SDR 2.85 billion as of 22nd December 2025.

This was equivalent to US$2.84 billion.

The reduction in the country’s indebtedness to the Bretton Woods institution is due to repayment of some of the outstanding debt. Egypt remained 1st in Africa with the highest debt to the IMF.

It owed the Fund US$5.88 billion. It was followed by Côte d’Ivoire (US$3.62 billion), Kenya (2.93 billion) and Angola (US$2.49 billion) in 2nd, 3rd and 5th respectively.

Source: newsthemegh.com