The Bank of Ghana’s share of domestic debt holdings decreased to 17.5% at the end of December 2025.

This was from 18.9% in December 2024.

In contrast, Domestic Money Bank’s holdings increased to 25.1% from 24.9%, while SSNIT holdings increased to 1.9% from 1.3% over the same comparative period.

According to the 2025 Bank of Ghana Annual Report and Financial Statement, the non-resident holdings, on the other hand, decreased to 4.0% at end-December 2025 from 4.3% at end-December 2024.

Meanwhile, the stock of domestic debt at the end of December 2025 was GH¢333.76 billion (23.3% of Gross Domestic Product), compared with GH¢309.84 billion (26.2% of GDP) at the end of December 2024.

The increase in the domestic debt stock reflected a GH¢15.86 billion rise in short-term securities, a GH¢6.76 billion increase in medium-term securities, and a GH¢1.91 billion increase in long-term securities.

At the end of December 2025, the stock of external debt stood at US$29.40 billion (21.4% of GDP), compared with US$28.45 billion (35.4% of GDP) at the end of December 2024.

The share of external debt by creditor categories were Multilateral holders, 42.3%; international capital market, 28.5%; bilateral holders, 20.0% and commercial creditors, 9.2%