IMF Projects Ghana’s Debt-to-GDP Ratio to Reach 83% by Year-End, Decline Expected by 2029
The International Monetary Fund (IMF) forecasts Ghana’s debt-to-GDP ratio will rise to 83% by the end of 2024, as highlighted in its latest fiscal monitor report released during the ongoing annual meetings in Washington, D.C. The IMF projects a steady decline in this ratio over the next five years, reaching 69.7% by 2029, based on expected improvements in Ghana’s fiscal health. Ghana’s current debt stands at over GHS 760 million, approximately 75% of GDP. The government aims to reduce this figure to a 50% debt-to-GDP ratio by 2028, through its debt exchange program and measures to mitigate exchange rate fluctuations....
