The decline reflects repayments made to the Bretton Woods institution as part of the country’s ongoing debt management efforts. Egypt continues to hold the highest IMF debt exposure on the continent, owing about US$5.88 billion. Côte d’Ivoire follows with US$3.62 billion, while Kenya ranks third at US$2.93 billion. Angola occupies the fifth position, with an outstanding balance of US$2.49 billion.

Public debt trends

Meanwhile, Ghana’s overall public debt stock showed mixed movements in the final quarter of 2025. Between September and November 2025, total public debt declined by GH¢40 billion to GH¢644.6 billion. That figure represented approximately 45.5% of Gross Domestic Product (GDP).

In dollar terms, however, the debt trajectory reflected fluctuations. The total public debt stood at US$57.2 billion in November 2025—lower than the US$57.8 billion recorded in October 2025 but higher than the US$55.1 billion reported in September 2025. Data from the Bank of Ghana further indicated that the country’s public debt was GH¢630.2 billion in October 2026.

The figures come as Ghana continues to implement fiscal consolidation measures under its IMF-supported programme aimed at restoring macroeconomic stability and ensuring debt sustainability.

Source: Joy Business