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Ghana has been ranked as the fifth African country with the highest debt to the International Monetary Fund (IMF) as of October 2025.
According to the latest figures released by the IMF, Ghana’s outstanding loan stands at 2.59 billion Special Drawing Rights (SDR), reflecting the country’s ongoing engagement with the Fund under its economic support programme.
Egypt topped the list with an outstanding debt of 6.89 billion SDR, followed by Côte d’Ivoire with 3.10 billion SDR, Kenya with 3.01 billion SDR, and Angola with 2.66 billion SDR. Ghana completes the top five, while Nigeria and Morocco remain outside the top ten.
IMF loans are typically designed to provide temporary financial relief and support economic stabilization in member countries. However, high levels of borrowing also contribute to increased national debt, creating fiscal challenges that demand careful management.
Experts warn that while such loans can help stabilize economies in crisis, the accompanying policy conditions may restrict government spending flexibility and place added pressure on social and developmental programmes.
