No more than $250m in borrowing for 2025 – IMF to Ghana

In 2025, Ghana is restricted to borrowing no more than $250 million, including commercial loans, as part of an agreement with its Official Creditor Committee (OCC).

This borrowing cap is a structural benchmark under the International Monetary Fund (IMF) program and will be monitored annually.

The cap is part of Ghana’s broader debt restructuring following the suspension of external debt servicing in 2022 and ongoing Eurobond restructuring. The Ministry of Finance is working with bilateral creditors to prioritize funding for essential projects.

However, this cap poses a challenge for the new National Democratic Congress (NDC) administration, which faces substantial debt obligations and elevated interest rates.

President John Mahama has stated the government does not plan to extend the IMF program beyond 2026, which could further restrict public spending.