Ghana's Bank of Ghana stake in domestic debt falls to 17% as commercial creditors hold 9.2% of external obligations

The shift in creditor composition highlights the central bank's reduced role in funding the state, while multilateral lenders remain the dominant external creditors at 42.3%.

By Handelsavisen Newsroom · Automated 2026-07-01 11:24 UTC · 1 min read

The Bank of Ghana’s share of the country’s domestic debt stock has declined to 17%, according to new data on creditor composition.

The central bank’s reduced footprint in local funding markets coincides with a broader restructuring of Ghana’s debt profile, where multilateral institutions now hold the largest slice of external obligations.

2% of external debt. This distribution underscores the reliance on development finance and sovereign bond markets rather than private commercial lending for external funding.

External debt is dominated by multilateral creditors, who account for 42.3% of the total.

International capital markets follow with 28.5%, while bilateral holders represent 20.0%.

Commercial creditors hold a smaller but significant 9.2% of external debt.

This distribution underscores the reliance on development finance and sovereign bond markets rather than private commercial lending for external funding.