The International Monetary Fund (IMF) projects Ghana’s public debt will drop to around 60% of Gross Domestic Product (GDP) by the end of 2025, largely due to the country’s recent debt restructuring program.
IMF Communications Director Julie Kozack highlighted this during a Washington, D.C., press briefing on September 11, noting the restructuring has “significantly improved debt service indicators.”
Kozack described the decline as a “steep reduction,” paving the way for economic recovery and increased investments. However, she stressed the need for ongoing reforms, including boosting domestic revenue, enhancing public financial management, and upholding fiscal discipline to maintain these gains.
Bank of Ghana data as of June 2025 shows total debt at GH¢613 billion, or 43.8% of GDP, supporting the positive trajectory. The Mahama administration’s actions, such as a robust budget, tighter monetary policy, and tariff adjustments, have further aided progress.
