The International Monetary Fund (IMF) anticipates that Ghana’s public debt will fall to roughly 60 percent of Gross Domestic Product (GDP) by the close of 2025, crediting the improvement primarily to the nation’s recent debt restructuring initiative.
Speaking at a media briefing in Washington, D.C., on Thursday, 11 September 2025, IMF Communications Director Julie Kozack noted that the restructuring process had substantially reduced Ghana’s debt load.
“The recent debt restructuring agreement has significantly improved Ghana’s debt service indicators,” she stated, adding that the brighter outlook has opened room for economic recovery and new investment inflows.
Mrs. Kozack characterised the progress as “a particularly steep reduction in Ghana’s public debt” and an important step toward achieving long-term fiscal stability.
She cautioned, however, that maintaining these advances will require ongoing reforms. She stressed the importance of boosting domestic revenue generation, reinforcing public financial management frameworks, and maintaining fiscal discipline.
Data from the Bank of Ghana supports the IMF’s forecast. As of June 2025, the nation’s total debt stock was GH¢613 billion, representing 43.8 percent of GDP.
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