The International Monetary Fund (IMF) has forecast that Ghana’s public debt will reach approximately 60 percent of Gross Domestic Product (GDP) by the end of 2025, attributing this significant reduction in debt levels primarily to the country’s recent debt restructuring programme.
During a press conference held in Washington, D.C., on Thursday, September 11, 2025, the IMF’s Director of Communications, Julie Kozack, elaborated that the restructuring has substantially alleviated Ghana’s debt burden.
She said: “The recent debt restructuring deal has greatly improved how Ghana handles its debt payments.”
According to Mrs. Kozack, the improved debt outlook is expected to facilitate economic recovery and attract essential investment inflows.
“This decline can be characterized as a notably steep reduction in Ghana’s public debt,” she continued, referring to it as a significant advancement towards achieving fiscal sustainability.
The IMF said that Ghana will need to keep making changes to hold onto these gains. Mrs. Kozack stressed the need for Ghana to “bring in more money at home, manage public money better, and be careful with spending.”
