Cook the chopped bacon in a large pot over medium heat until crisp. Remove the bacon with a slotted spoon and set it aside. Leave the drippings in the pot.
Add the ground beef to the pot and cook until browned. Break it up with a spoon as it cooks.
Stir in the onion and garlic. Cook for 3 minutes until the onion softens.
Add the diced potatoes, beef broth, diced tomatoes, smoked paprika, salt, and black pepper. Stir to combine.
Bring the stew to a boil, then reduce the heat and simmer for 25 minutes until the potatoes are tender.
Stir the cooked bacon back into the pot just before serving.