IMF places Ghana 4th on Africa’s debt list
19th February 2026
The International Monetary Fund (IMF) has ranked Ghana as the fourth-highest African country in terms of outstanding debt owed to the Fund.
According to the IMF, Ghana’s debt stood at Special Drawing Rights (SDR) 1.96 billion in February 2026, down from SDR 2.85 billion as of December 22, 2025. The February figure is equivalent to approximately US$2.84 billion.
Egypt remains Africa’s largest debtor to the IMF, with outstanding obligations of US$5.88 billion. Côte d’Ivoire ranks second with US$3.62 billion, followed by Kenya in third place at US$2.93 billion. Angola occupies the fifth position, owing US$2.49 billion.
Meanwhile, Ghana’s overall public debt recorded mixed trends during the period under review. Data shows that total public debt declined by about GH¢40 billion between September and November 2025, settling at GH¢644.6 billion.
In dollar terms, Ghana’s public debt stood at US$57.2 billion in November 2025. This was lower than the US$57.8 billion recorded in October 2025 but higher than the US$55.1 billion reported in September 2025, largely reflecting exchange rate fluctuations.
Latest figures from the Bank of Ghana indicate that Ghana’s public debt currently stands at GH¢630.2 billion.