Fixed-income market records 7.46 billion monthly trade volume
The fixed-income market in Ghana closed the month with a total trade volume of 7.46 billion, marking a notable increase of 39.96% compared to the previous month. However, this figure represents a significant 50.10% decrease compared to the same period in the previous year.
It’s worth noting that a substantial portion of the market’s activity, approximately 80%, was attributed to trades in short-term government securities, reflecting investor preferences for these relatively safer assets.
At the end of the month, the total volume traded amounted to 7.46 billion, reflecting the positive momentum in trading activity compared to the previous month.
When considering the cumulative trading volume for the period between January and September 2023, the total volume traded reached 59.22 billion. This figure represents a substantial decline of 65.94% compared to the 173.89 billion traded during the same period last year.
The dynamics of the fixed-income market in Ghana continue to evolve, influenced by various factors, including changes in interest rates, inflation, and investor sentiment. Market participants will closely monitor these trends to make informed investment decisions.
