Ghana has emerged as the second most indebted country to the International Monetary Fund in Africa in terms of concessional lending and debt relief trust.
Ghana’s exposure to the fund stood at 2.242 billion Special Drawing Rights, an equivalent of $2.914 billion as of October 31, 2024.
The West African nation until recently was the most indebted country to the IMF.
Ghana’s exposure represented 17% of the total Africa borrowings from the IMF.

The Democratic Republic of the Congo came in first, owing the IMF $2.256 billion SDR.
Zambia finished third, owing the IMF 1.272 billion SDRs.
Per the data available, Ghana and Zambia have both defaulted on their loans, leading to seeking assistance from the IMF.

The details were captured in the fund’s quarterly finances.
It added the country’s outstanding concessional loans to the Bretton Woods institution were higher than what was recorded in July 2024.
By: Rainbowradioonline.com/Ghana