Ghana began 2026 remaining in the 4^th position in Africa with the highest debt to the International Monetary Fund (IMF).

The country’s exposure to the IMF stood at Special Drawing Rights (SDR) 1.96 billion in February 2026, higher than the SDR 2.85 billion as of 22^nd December 2025.

This was equivalent to US$2.84 billion.

The reduction in the country’s indebtedness to the Bretton Woods institution is due to repayment of some of the outstanding debt.

Egypt remained 1^st in Africa with the highest debt to the IMF. It owed the Fund US$5.88 billion.

It was followed by Côte d'Ivoire (US$3.62 billion), Kenya (2.93 billion) and Angola (US$2.49 billion) in 2^nd, 3^rd and 5^th respectively.

Ghana’s public debt reduced by GH¢40 billion between September 2025 and November 2025 to GH¢644.6 billion.

This was approximately 45.5% of Gross Domestic Product (GDP).

However, in dollar terms, the total public debt stood at US$57.2 billion in November 2025, lower than US$57.8 billion recorded in October 2025, but higher than the US$55.1 billion recorded in September 2025.

According to data from the Bank of Ghana, the country’s public debt stood at GH¢630.2 billion in October 2026.