Audio By Carbonatix
Ghana was ranked 5th in Africa with the total outstanding debt to the International Monetary Fund in August 2025.
This was unchanged from the July 2025 data.
According to data from the Fund, the country’s outstanding credit is estimated at Special Drawing Rights (SDR) of 2.70 billion.
Egypt came 1st with the largest outstanding credit to the Fund to the tune of SDR7.18 billion.
However, this is slightly lower than July 2025.
In 2nd and 3rd respectively are Cote d’Ivoire (SDR3.10 billion) and Kenya (SDR3.02 billion).
From 6th to 10th are DR Congo, Ethiopia, Tanzania, Cameroon and Zambia.
Though borrowing from the IMF in itself is not bad, the excessive exposure to the Bretton Woods institution can create long-term difficulties that erode economic independence and credibility.
For African countries, the risk of overreliance on the IMF stems not just from the financial load but also from the long-term policy limits imposed.
Therefore, avoiding debt traps is critical for long-term growth and stability.
Latest Stories
-
NCA engages ISPS on licensing reclassification and review of fees
1 hour -
2nd Deputy BoG boss sounds alarm on digital fraudsters, calls for united front
1 hour -
Parliament renames key universities to reflect focus and location
1 hour -
GES, NADMO move to prevent future bee attacks after Anloga school tragedy
2 hours -
KGL does not operate or conduct 5/90 national lotto, but retails 5/90 national lotto – Razak Opoku
2 hours -
Parliament approves renaming of C.K. Tedam University to University of Technology and Applied Sciences, Navrongo
2 hours -
Former Jasikan MCE returns to Bawumia camp
2 hours -
Daily Insight for CEOs: The CEO’s role in stakeholder engagement and relationship management
3 hours -
Streetlight theft undermining Accra’s illumination effort – Regional Minister
3 hours -
Frequent use of emergency contraceptives could affect fertility, youth warned
3 hours -
Police arrest 8 suspects in Navrongo anti-crime sweep ahead of Christmas
3 hours -
KGL Foundation commissions toilet facility for Adukrom PRESEC
3 hours -
President Mahama pushes reparations, calls for united African front at diaspora summit
3 hours -
Over 2,800 crates of eggs sold at The Multimedia Group’s X’mas Egg Market as consumers express satisfaction
4 hours -
Police to enforce ban on unauthorised use of sirens and strobe lights
4 hours