IMF Director of Communications, Julie Kozack
The International Monetary Fund (IMF) has projected that Ghana’s total debt stock to reach about 60% of Gross Domestic Product (GDP) by the end of 2025.
The IMF attributes the projected reduction to Ghana’s recent debt restructuring programme, which has improved the country’s fiscal outlook.
“The recent debt restructuring agreement has significantly improved debt service indicators for Ghana,” IMF Director of Communications, Julie Kozack said during a recent press briefing in Washington, DC.
She added that the development would create more room for economic recovery and allow the government to invest in critical sectors.
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“This drop can be described as a specifically steep reduction in Ghana’s public debt,” Julie Kozack said, adding that it marks a restoration of fiscal sustainability.
Touching on measures needed to maintain the projected decline, the IMF emphasised the importance of boosting domestic revenue, strengthening public financial management, and maintaining fiscal discipline.
Recent data from the Bank of Ghana indicates that as of June 2025, the country’s total debt stock had already dropped to GH¢613 billion, representing 43.8% of GDP.
Meanwhile, the latest projection by the Bretton Woods institution reflects significant progress toward debt sustainability.
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