The Bank of Ghana held an estimated GHS20.9 billion of the country’s total domestic debt at the end of June this year, according to its Second Quarter Bulletin.
The Central Bank’s holding in domestic debt represents 17.2% of the total debt.
Banks on the other hand held GHS37.8 billion, about 31% of the total domestic debt.
SSNIT and insurance companies held a little over GHS612 million (0.5%) and GHS678 million (0.6%) respectively.
Other holders” made up of Rural Banks, Firms and Institutions, and Individuals held GHS37 billion (30.4%).
Non-Resident Investors held GHS24.7 billion (20.3%) at the end of the period under review.
Also, at the end of the fourth Quarter of 2019, the Bank of Ghana held 15.0% of comparative holdings, while Deposit Money Banks held 29.5%, SSNIT 0.3%, and Insurance Companies 0.6%.
Other holders and Non-Resident investors held 29.8% and 25.0%, respectively.
Total domestic debt in July 2020
The domestic component of government debt at the end of July this year stood at GHS125.1 billion cedis.
This was approximately 32.5 percent of Gross Domestic Product.
Government will however add a new debt of GHS2.5 billion to its existing loan when it borrows GHS22.1 billion in the last quarter of this year.
Large chunk of the borrowings will come from the domestic market.
Latest Stories
-
FIFA Club World Cup 2025: Sundowns, Esperance join Al Ahly and Wydad as CAF representatives
1 hour -
CAFCL: Al Ahly set up historic final with ES Tunis
1 hour -
We didn’t sneak out 10 BVDs; they were auctioned as obsolete equipment – EC
5 hours -
King Charles to resume public duties after progress in cancer treatment
6 hours -
Arda Guler scores on first start in La Liga as Madrid beat Real Sociedad
6 hours -
Fatawu Issahaku’s Leicester City secures Premier League promotion after Leeds defeat
6 hours -
Anticipation builds as Junior Speller hosts nationwide auditions
7 hours -
Etse Sikanku: The driver’s mate conundrum
7 hours -
IMF Deputy Chief worried large chunk of Eurobonds is used to service debt
7 hours -
Otumfuo Osei Tutu II celebrates 25 years of peaceful rule on golden stool
7 hours -
We have enough funds to pay accruing benefits; we’ve never missed pension payments since 1991 – SSNIT
8 hours -
Let’s embrace shared vision and propel National Banking College – First Deputy Governor
8 hours -
Liverpool agree compensation deal with Feyenoord for Slot
9 hours -
Ejisu by-election: There’s no evidence of NPP engaging in vote-buying – Ahiagbah
9 hours -
Ejisu by-election: Independent ex-NPP MP’s campaign team warns party against dubious tactics
9 hours