The International Monetary Fund (IMF) expects Ghana’s total debt stock to reach 60% of Gross Domestic Debt (GDP) by the end of 2025.

The Bretton Woods institution is attributing the significant drop in Ghana’s total debt stock to the recent debt restructuring programme, which has put the country on the path to debt sustainability.

The Director of Communications at the IMF, Julie Kozack, disclosed this in a response to questions posed by Journalists at a Press Conference in Washington, DC, USA.

She added that “the recent debt restructuring agreement has significantly improved debt service indicators for Ghana”.

This development, the IMF Director of Communications indicated, will go a long way to create more space for economic recovery and the much-needed investments in the economy.

Debt reduction projection

 “This drop can be described as a specifically steep reduction in Ghana’s public debt”, she added.

The Director of Communication at the IMF continued that this marks some restoration of fiscal sustainability.

On reforms needed to sustain this decline, Madam Kozack argued that Ghana needs to go with those reforms, especially boosting domestic revenue, strengthen public financial management, and overall maintaining fiscal discipline.

Ghana Debt Situation

Data released by the Bank of Ghana in June this year showed that Ghana’s total debt stock has reduced to GH¢613 billion as of June 2025.

This represented 43.8% of GDP.