From Spy Ghana
The Government of Ghana and its allied agencies raised a total of 26.5 billion Ghana Cedis or 13.38 billion U.S. dollars through issuing of domestic debt instruments alone in 2012. This comprised 20.2 billion cedis or 10.20 billion dollars issued by the central government as repayment of maturing issues and new issues as well as the 6.3 billion cedis or 3.8 billion dollars issued by the Bank of Ghana and the Ghana Cocoa Board (COCOBOD).
The Chief Executive Officer of the Central Securities Depository (CSD), Stephen Tetteh, disclosed this during the launch of the new NDK Aggregate Bond Index (ABI), a new ABI to measure medium and long-term debt instruments in the West African country. As of the end of June, this year, the CSD was managing more than 20.2 billion cedis or 10.20 billion dollars made up of various maturities on behalf of the three issuers.
According to Tetteh, 6.6 billion cedis or 3.3 billion dollars representing 32 percent of the total amount was for foreign investors who had invested both in three-year and five-year bonds. Foreign holdings hold over 90 percent of the total outstanding three-year to five-year bonds, added the CEO. He said the CSD had also paid about 14.8 billion cedis or 7.4 billion dollars in interest and maturities to over 450,000 beneficiaries.
Read more at spyghana.com