The International Monetary Fund (IMF) has projected Ghana’s public debt to settle at around 60 percent of Gross Domestic Product (GDP) by the close of 2025, citing the country’s recent debt restructuring programme as the main driver behind the significant decline in debt levels.
Speaking at a press briefing in Washington, D.C., on Thursday, September 11, 2025, the IMF’s Director of Communications, Julie Kozack, explained that the restructuring has materially eased Ghana’s debt burden.
She noted: “The recent debt restructuring agreement has significantly improved debt service indicators for Ghana.”
According to Mrs. Kozack, the improved debt outlook provides room for economic rebound and critical investment inflows.
“This drop can be described as a specifically steep reduction in Ghana’s public debt,” she added, describing it as a meaningful step toward restoring fiscal sustainability.
Looking ahead, the IMF stressed that sustaining these gains will require continued reforms. Mrs. Kozack underscored the need to “boost domestic revenue, strengthen public financial management, and overall maintain fiscal discipline.”
Figures from the Bank of Ghana confirm the trend. As of June 2025, Ghana’s total debt stock stood at GH¢613 billion, representing 43.8 percent of GDP.
She further noted that the new administration has taken bold measures including enacting a strong budget, tightening monetary policy, implementing public financial management reforms, and adjusting electricity tariffs while continuing to make progress with debt restructuring efforts.
