Ghana ranked among top 10 countries with the most debt to the IMF

As global economic dynamics continue to evolve, the International Monetary Fund (IMF) plays a crucial role in providing financial assistance to countries facing economic challenges.

One important aspect of this assistance is the provision of loans to member countries to help stabilize their economies and address financial imbalances.

As a result, countries accumulate debt to the IMF, reflecting their reliance on external financial support.

GhanaWeb Business delves into the top 10 countries with the most debt to the IMF, shedding light on the magnitude of their financial obligations and the implications for their economic outlooks.

Ghana is however ranked among these top countries that have accumulated the most debt owed to the Fund.

The list is generated from the IMF's latest debt data.

See the full list below

1. Egypt
Egypt owes the IMF $11 billion.

2. Angola
Angola owes the IMF $3 billion.

3. Kenya
Kenya owes the IMF $3 billion.

4. Ghana
Ghana owes the IMF $2 billion

5. Cote D’Ivoire
Cote D’Ivoire owes the IMF $2 billion.

6. Argentina
Argentina owes the IMF $32 billion.

7. Colombia
Colombia owes the IMF $3 billion.

8. Ecuador
Ecuador owes the IMF $6 billion

9. Ukraine
Ukraine owes the IMF $9 billion.

10. Pakistan
Pakistan owes the IMF $7billion.



EAN/MA

Watch the latest edition of BizTech below:



Ghana’s leading digital news platform, GhanaWeb, in conjunction with the Korle-Bu Teaching Hospital, is embarking on an aggressive campaign which is geared towards ensuring that parliament passes comprehensive legislation to guide organ harvesting, organ donation, and organ transplantation in the country.

Click here to follow the GhanaWeb Business WhatsApp channel