Ghana placed 4th in Africa with the highest outstanding debt to the International Monetary Fund, the Fund’s 2024 Quarterly Financial Statement has revealed.
The country’s total indebtedness to the IMF stood at 2.275 billion Special Drawing Rights, equivalent to $3.068 billion.
Egypt came first in Africa, owing the IMF SDR 10.050 billion.
It was followed by Angola and Kenya in second and third which were indebted to the Fund to the tune of SDR 2.989 billion and SDR 2.566 billion respectively.
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