Ghana’s public debt is expected to reach about 60% of GDP by the end of 2025, according to the International Monetary Fund (IMF), which attributes the notable drop in debt levels to the nation’s recent debt restructuring program.
IMF Director of Communications Julie Kozack clarified that the restructuring has significantly reduced Ghana’s debt load during a news conference in Washington, D.C., on Thursday, September 11, 2025.
“The recent debt restructuring agreement has significantly improved Ghana’s debt service indicators,” she said.
Mrs. Kozack asserts that the improved debt picture creates space for a recovery in the economy and important investment inflows.
As a significant step toward reestablishing fiscal sustainability, she continued, “This drop can be described as a specifically steep reduction in Ghana’s public debt.”
The IMF emphasized that further reforms will be necessary to maintain these advantages in the future. The necessity of “boosting domestic revenue, strengthening public financial management, and overall maintaining fiscal discipline” was emphasized by Mrs. Kozack.
The pattern is supported by data from the Bank of Ghana. The total amount of Ghana’s debt as of June 2025 was GH¢613 billion, or 43.8% of GDP.
She added that the new administration has made strides in debt restructuring while pursuing bold steps like tightening monetary policy, executing public financial management reforms, modifying power pricing, and enacting a strong budget.
Source: newsthemegh.com