GSE Fixed-Income Market Sees 18.71% Dip in June, But Year-on-Year Growth Hits 68.82%
The Ghana Stock Exchange (GSE) has reported a total traded volume of GHS 15.50 billion on the fixed-income market for June 2025, representing an 18.71% decline from the GHS 19.07 billion recorded in May 2025.
Despite the month-on-month contraction, the figure reflects a significant 68.82% increase compared to the GHS 9.18 billion traded in June 2024, highlighting sustained investor interest and deepening market activity over the past year.
On a year-to-date (YTD) basis, cumulative volumes stood at GHS 111.94 billion, indicating a 56.66% jump over the GHS 71.45 billion recorded during the same period last year.
According to the GSE, trading activity in June was largely dominated by Government securities, with Treasury Bills accounting for 32.90% of total volumes traded. Government Notes and Bonds contributed the highest share at 42.99%, while Bank of Ghana Bills constituted 18.12%. Corporate Bonds made up the remaining 6% of market activity.
The performance of the fixed-income market in the first half of 2025 underscores the continuing appetite for government-backed instruments, amid improving macroeconomic stability and relatively attractive yields across the yield curve.
Market analysts say the surge in YTD volume is reflective of improved investor confidence, driven by declining inflation and fiscal consolidation efforts.
