Ghana is the second most indebted country to the International Monetary Fund in Africa in terms of Concessional Lending and Debt Relief Trust.
The country’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 Africa nation until recently was the most indebted country to the IMF.
The country’s exposure represented 17% of the total Africa borrowings from the IMF.
Democratic Republic of Congo came 1st with an indebtedness of $2.256 billion SDR to the IMF.
Zambia placed 3rd with an SDR of 1.272 billion indebtedness to the IMF.
Ghana and Zambia have defaulted on their loans leading to seeking assistance from the IMF.
