Ghana has joined Egypt and Côte d’Ivoire among Africa’s biggest borrowers from the International Monetary Fund (IMF) in 2026, with outstanding obligations reaching about $3.7 billion. IMF data shows Egypt remains the continent’s largest debtor, followed by Côte d’Ivoire, Kenya, and Ghana. The rise in Ghana’s debt reflects recent disbursements under its Extended Credit Facility program, introduced to stabilize the economy after the 2022 financial crisis. Despite higher IMF obligations, Ghana’s broader public debt indicators have improved significantly, with its debt-to-GDP ratio falling due to economic growth, fiscal reforms, and debt restructuring measures. The government says it is transitioning from IMF financial support to a policy-monitoring arrangement focused on maintaining economic stability, investor confidence, and long-term fiscal discipline.
Business Insider Africa
