Data from the Bank of Ghana has shown that banks operating in the country held the biggest share of the country’s total domestic debt as of the end of June this year.
The data says the bank holdings of domestic debt was ¢52.61 billion, about 30.3%.
The same period of 2020 showed that banks holdings in the country’s domestic debt dropped marginally.
The drop was estimated at 31% during the same period in 2020.
“Other holders” made up of Rural Banks, Firms and Institutions and Individuals followed holding ¢51.19 billion of the country’s total domestic debt.
The figure represents 29.5% of the share of the total domestic debt.
The central bank per the data released held the 3rd largest share of the domestic debt of about ¢34.6 billion, representing 20% of the share of the total domestic debt.
That of SSNIT was estimated at ¢574.1 million (0.3%) whereas that of Insurance companies was ¢949.1 (0.5%).
For Non-Resident Investors, their share was held at ¢33.8 billion of the total domestic debt, representing 19.5% of the total share.
Foreign holdings were however estimated at 20.3%.
By: Rainbowradiuoonline.com/Ghana
