Debt to GDP Ratio to hit 60%

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IMF Projects Ghana’s Debt-to-GDP Ratio to Hit 60% by End of 2025

The International Monetary Fund (IMF) has projected Ghana’s public debt will decline to about 60 percent of Gross Domestic Product (GDP) by the end of 2025, reflecting progress from the country’s recent debt restructuring programme.

At a press briefing in Washington, D.C., IMF Communications Director Julie Kozack said the restructuring had “significantly improved debt service indicators for Ghana,” easing pressure on the economy and paving the way for investment inflows. She described the reduction as “a meaningful step toward restoring fiscal sustainability” and an encouraging sign for the country’s medium-term economic outlook.

According to the Bank of Ghana, Ghana’s debt stock stood at GH¢613 billion in June 2025, equivalent to 43.8 percent of GDP. This sharp drop highlights the impact of policy reforms and restructuring agreements with creditors.

Looking ahead, the IMF stressed that maintaining these gains will require continued discipline. Kozack urged government to strengthen public financial management, boost domestic revenue mobilization, and sustain reforms in areas such as monetary policy, budget control, and utility pricing. She noted that the new administration’s decisive steps have already laid a foundation for stabilisation and long-term growth.