In May 2024, the Ghana Stock Exchange’s (GSE) fixed-income market experienced a remarkable surge in trading activity. Traded volumes soared to 10.39 billion, effectively doubling the figures from May 2023 and marking a significant 107.65% year-on-year increase.
This surge underscores the market’s growing dynamism and heightened investor confidence in fixed-income securities.
According to the GSE’s market activities report for May, treasury bills dominated the trading landscape, accounting for 74.53% of the total volume.
Government bonds contributed a substantial 24.70%, while corporate bonds, though smaller in share, comprised the remaining 0.77%.
The diverse nature of the fixed-income market highlights the broad spectrum of investment opportunities available to participants.
By the end of May, the overall value of all securities on the fixed-income market stood at a robust GHS 328 billion, reflecting the market’s significant scale and depth.
Year-to-date performance has been equally impressive, with trading volumes reaching 62.27 billion, a 75.53% increase over the 35.47 billion traded during the same period last year.
The substantial involvement in treasury bills and government bonds indicates a strong preference for secure and stable investment options amid global economic uncertainties.
This trend demonstrates investor confidence in the GSE’s fixed-income market as a reliable platform for capital mobilization and investment diversification.
The sustained growth trajectory of the GSE’s fixed-income market solidifies its position as a critical component of Ghana’s financial ecosystem. Offering a dependable platform for both capital mobilization and investment diversification, this growth is poised to drive further market development and enhance economic resilience.
