According to the International Monetary Fund's (IMF) Concessional Lending and Debt Relief Trust, Ghana is the second most indebted nation in the world. The nation's outstanding Special Drawing Rights (SDR) exposure is 2.242 billion, or 17% of its overall IMF borrowings.

The IMF's most recent quarterly reports and financial accounts, which finish on October 31, 2024, reflect this. With the Poverty Reduction and Growth Trust (PRGT) offering financial assistance to low-income nations on favourable conditions within one to three years, the facility, which falls under the category of concessional loans, is specifically provided at low interest rates.

With an IMF debt of 2.256 billion SDR, Ethiopia came out on top, followed by Zambia in third place with 1.272 billion SDR. Kenya and Ivory Coast came next in fourth and fifth place, respectively. Other nations owed the IMF the remaining 44% of the SDR.

Africa owned a significant portion of the outstanding poverty loans, accounting for 78% of the regional total. Europe was the least regional recipient.

It made up a mere 1 percent. Zambia and Ghana have both fallen behind on their loan payments, forcing them to turn to the Fund for financial support.

Ghana specifically requested economic aid from the IMF in 2023 due to dire financial difficulties.

To aid in economic stabilization, a $3 billion rescue was authorized under the IMF Extended Credit Facility (ECF). With the remaining tranches anticipated in the upcoming months, Ghana has already received $1.92 billion from the program.