The International Monetary Fund (IMF) has projected Ghana’s public debt to settle at around 60% of Gross Domestic Product (GDP) by the close of 2025, highlighting the recent debt restructuring programme as the country’s main drive behind such significant decline in debt levels.
Julie Kozack, the IMF’s Director of Communications, during her speech at a press briefing in Washington, D.C., on Thursday, September 11, 2025, explained that the restructuring has materially eased Ghana’s debt burden.
“The recent debt restructuring agreement has significantly improved debt service indicators for Ghana.” She said
According to her, the improved debt outlook provides room for economic rebound and critical investment inflows.
She added; “This drop can be described as a specifically steep reduction in Ghana’s public debt,” describing it as a meaningful step in restoring fiscal sustainability.
The IMF emphasized that maintaining recent progress will depend on continued reforms. Mrs. Kozack cited the importance of “increasing domestic revenue, strengthening public financial management, and upholding fiscal discipline.”
She also stated that the new administration has adopted 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.
Data from the Bank of Ghana supports this outlook. As of June 2025, Ghana’s total debt stock stood at GH¢613 billion, representing 43.8% of GDP.
Source: gitficonline.com