The International Monetary Fund (IMF) has projected that Ghana’s public debt will decline to about 60 percent of Gross Domestic Product (GDP) by the end of 2025, attributing the improvement largely to the country’s recent debt restructuring programme.
At a press briefing in Washington, D.C., on Thursday, 11 September 2025, the IMF’s Director of Communications, Julie Kozack, said the restructuring exercise had materially eased Ghana’s debt burden.
“The recent debt restructuring agreement has significantly improved Ghana’s debt service indicators,” she observed, adding that the improved outlook has created space for economic recovery and fresh investment inflows.
Mrs Kozack described the development as “a particularly steep reduction in Ghana’s public debt” and a meaningful milestone on the path to restoring fiscal sustainability.
However, she cautioned that sustaining these gains will depend on continued reforms. She emphasised the need to enhance domestic revenue mobilisation, strengthen public financial management systems, and uphold fiscal discipline.
Figures released by the Bank of Ghana support the IMF’s projection. As of June 2025, the country’s total debt stock stood at GH¢613 billion, equivalent to 43.8 percent of GDP.
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