The International Monetary Fund (IMF) expects Ghana’s public debt to decline to about 60% of GDP by the end of 2025, largely due to the country’s recent debt restructuring programme.
At a press briefing in Washington, D.C., on Thursday, September 11, 2025, the IMF’s Director of Communications, Julie Kozack, said the restructuring had substantially eased Ghana’s debt burden and improved debt service indicators.
“The debt restructuring agreement has delivered a significant reduction in Ghana’s public debt, marking a major step toward restoring fiscal sustainability,” she noted.
Kozack explained that the improved debt outlook should create space for economic recovery and attract investment, but warned that sustaining these gains will depend on continued reforms. She emphasized the need to strengthen revenue mobilization, enhance public financial management, and maintain strict fiscal discipline.
Figures from the Bank of Ghana back the IMF’s projection, showing total public debt at GH¢613 billion as of June 2025, equivalent to 43.8% of GDP.
The IMF also acknowledged policy measures rolled out by the government, including a tighter budget, monetary policy adjustments, reforms in public financial management, electricity tariff realignments, and ongoing restructuring efforts.
