The Bank of Ghana held an estimated Ghs 20.9 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 Ghs 37.8 billion, about 31% of the total domestic debt.
SSNIT and insurance companies held a little over Ghs 612 million (0.5%) and Ghs 678 million (0.6%) respectively.
Other holders” made up of Rural Banks, Firms and Institutions, and Individuals held Ghs 37 billion (30.4%).
Non-Resident Investors held Ghs 24.7 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 per cent.
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.
