Ghana vs Togo

Ghana vs Togo: Government debt

Government debt in 2025: 48.8% of GDP in Ghana and 64.9% of GDP in Togo, by IMF estimates. In 2025 the value was higher in Togo, by 16 percentage points, or 1.33 times that in Ghana.

% of GDP · IMF

Ghana vs Togo: Government debtGovernment debt in 2025: 48.8% of GDP in Ghana and 64.9% of GDP in Togo, by IMF estimates. In 2025 the value was higher in Togo, by 16 percentage points, or 1.33 times that in Ghana.
GhanaTogoIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Togo has been higher since 2025, when it overtook Ghana.
  • In 2025, Ghana ranked 84 and Togo ranked 47 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Ghana at 47.3% of GDP and Togo at 57.6% of GDP in 2031.

Every year

% of GDP · IMF

YearGhanaTogo
202548.864.9
202470.166.2
202379.164
202292.763
202186.963.3
202079.161.4
201962.954.9
20186258
20175757.1
201655.959.9
201553.952.7
201450.145.3
201342.941.6
201235.534.3
201131.237
201032.933.5
200925.457.7
200823.267.3
200721.170.5
200617.367.7
200531.763.1
200438.4–
200349.3–
200254.1–
200157.8–
200074.5–
199951.7–
199837.6–
199745.2–
199642.9–
199547.6–
199450.6–
199334.1–
199221.3–
199117.3–
199017.8–
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearGhanaTogo
202651.764.7
202750.863
202849.761.6
20294960.2
203048.258.9
203147.357.6

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

Ghana vs Togo

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