-Advertisement-

19.5% of domestic debt held by non-resident investors – BoG

Non-resident investors are said to hold about 19.5 percent (GH₵33.8 billion) of the country’s total domestic debt.

The 19.5% domestic debt held by non-resident investors is as a result of their investments into government’s short-term-dated debt instruments such as the 91,182 and 364 days treasury bills.

According to data contained in the Central Bank’s Quarterly Bulletin for the second quarter of 2021, the 19.5% hold of domestic debt by non-resident investors marks a decrease of 0.8% when compared to the 20.3% holdings of domestic debt in Q2: 2020.

Meanwhile, the Bank of Ghana’s holdings of domestic debt at the end of Q2: 2021 was GH₵34,671.7 million, representing 20.0% of the total domestic debt holdings.

The Deposit Money Banks (DMBs) held GH₵52,619.1 million (30.3%t). SSNIT held GH₵574.1 million (0.3%), Insurance companies – GH₵949.1 million (0.5%, whilst “Other holders” made up of Rural Banks, Firms and Institutions and Individuals held GH₵51,198.8 million (29.5%).

Comparative holdings at the end of the second quarter of 2020 were Bank of Ghana (18.7%), Deposit Money Banks (31%), SSNIT (0.5%), Insurance Companies (0.6%), while other holders had 28.9% respectively.

The stock of domestic debt at the end of Q2 2021, the BoG asserts, stood at GH₵173,835.2 million, compared to GH₵121,966.8 million recorded in Q2 2020, adding that the growth in the domestic debt stock reflected increases in the short, medium, and long-term bonds and stocks by GH₵6,426.8 million, GH₵35,438.0 million and GH₵10,003.6 million, respectively.

“The growth in short-term debt, reflected increases of GH₵2,199.17 million, GH¢1,671.1 million, and GH¢2,556.5 million in the 91-day, 182-day, and 364-day Treasury bills, respectively.

The increase in medium-term securities at the end of Q2:2021 was on account of increases in 2-year and 3-year fixed treasury notes as well as 5-year, 6-year, 7-year and 10-year GOG bonds, while the 3-year SSNIT stock declined by GH₵48.7 million.

“The increase in long-term debt was due to a significant rise of GH₵7,811.6 million in long-term Government stocks. There were also increases of GH₵921.8 million and GH₵1,384.6 million in the 15 and 20-year GOG bonds respectively,” said the BoG.

On the other hand, the provisional stock of outstanding public and publicly guaranteed external debt at end-June 2021 was $28,072.15 million, up from the stock position of $24,598.81 million at end-March 2021.

The external debt stock was $3,963.08 million (16.4%) above the level of $24,109.07 million recorded at end-June 2020. This rise in the stock was largely due to the $3.00 billion Eurobonds floated on the International Capital Market in April 2021.

The external debt stock at the end of the second quarter of 2021 represented 37.3% of GDP, compared with 35.65% recorded for the same period in 2020.

RELATED STORIES:

Banks Holding In Domestic Debt Falls Marginally To GH₵52.61bn

Investors Worried Over Ghana’s High Public Debt

Ghana’s Public Debt Balloons To GH¢332.4bn        

Leave A Comment

Your email address will not be published.

You might also like
where to buy viagra buy generic 100mg viagra online
buy amoxicillin online can you buy amoxicillin over the counter
buy ivermectin online buy ivermectin for humans
viagra before and after photos how long does viagra last
buy viagra online where can i buy viagra