• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Economy

GoG to increase domestic debt with Ghs 1.32 billion loan

4 years ago
in Economy, Editor's pick, highlights, Home, home-news, latest News, Markets
2 min read
0 0
0
114
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

GoG to increase domestic debt with Ghs 1.32 billion loan

The domestic composition of the country’s total debt stock is expected to inch up on the back of an additional Ghs 1.32 billion loan to be taken on by government from the domestic debt market.

The new debt to be taken by government in the auction of the 91, 182 and 364 day treasury bills this Friday, September 3, 2021, follows an earlier Ghs 1.17 billion debt taken on by government last Friday, August 27, 2021.

In last Friday’s auction, government missed its target of raising some Ghs 1.64 billion as it was able to mobilize Ghs 1.17 billion falling short of its target by Ghs 436 million (26.5 percent).

Currently, the country’s total debt stock stands at Ghs 332 billion representing 77.1 percent of Gross Domestic Product making the country at risk of high debt distress.

Of the total debt stock, domestic debt accounts for Ghs 170.8 billion with external debt accounting for the remaining Ghs 161.2 billion.

Aside increasing the country’s domestic debt, the auction of the bill come Friday is also expected to increase the overall debt stock of the country.

RelatedPosts

PIAC yet to see Restoration of Funding Under ABFA Despite Assurance from President Mahama

GSE Closes Slightly Lower as Composite Index Falls 0.25%

Producer Price Inflation Rises Marginally to 3.2% in September 

Read This: China lags behind countries with the most FDI inflows to Ghana; Singapore takes first place

The short-term debt securities are expected to be auctioned at discount rates between 12 percent and 12.2 percent.

Given government’s failure to meet its target for last Friday’s auction of the 91 and 182-day treasury bills due to a tightening of liquidity on the interbank market, it is uncertain if government will be able achieve its target in the upcoming auction.

Peruse details of auction results below:

Auctresults-1761 (1) by Fuaad Dodoo on Scribd

Source: norvanreports
Tags: Bank of Ghana (BoG)debt distressdomestic debt marketghanaGoG to deepen domestic debt with Ghs 1.32 billion loan
No Result
View All Result

Highlights

LaLiga Cancels Barcelona vs. Villarreal Match Scheduled to Take Place in Miami

Black Queens Coach Confident Ahead Of WAFCON Qualifier Against Egypt

UEFA Champions League: Bayern and Real Madrid Stay Perfect, Liverpool and Chelsea hit Five In Record-Breaking Week

Gold Price Falls by Most in Over a Decade as Rally Cools

Businesses Flock to Ethiopia’s Newly-Opened Banking Market

Among Africa’s Top Performing Currencies — the Zambian Kwacha

Trending

Business

PIAC yet to see Restoration of Funding Under ABFA Despite Assurance from President Mahama

October 23, 2025

PIAC yet to see Restoration of Funding Under ABFA Despite Assurance from President Mahama The Public Interest...

GSE Closes Slightly Lower as Composite Index Falls 0.25%

October 23, 2025

Producer Price Inflation Rises Marginally to 3.2% in September 

October 23, 2025

LaLiga Cancels Barcelona vs. Villarreal Match Scheduled to Take Place in Miami

October 23, 2025

Black Queens Coach Confident Ahead Of WAFCON Qualifier Against Egypt

October 23, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.