Ghana Fixed Income Market Sustains Momentum with 33.5% Year-on-Year Growth in August
Trading activity on the Ghana Fixed Income Market (GFIM) continued on a firm trajectory in August 2025, with total traded volume amounting to GHS 23.92 billion. This represents an 11.67 percent increase compared to the GHS 21.42 billion recorded in July.
On a year-on-year basis, the volume surged by 33.48 percent, underscoring renewed investor confidence and the sustained depth of the domestic debt market.
Year-to-date, the GFIM has accumulated a total volume of GHS 152.07 billion, reflecting a robust 47.29 percent growth over the GHS 103.24 billion posted during the corresponding period of 2024. The performance, according to the Ghana Stock Exchange (GSE), reinforces the market’s resilience and ongoing recovery.
Disaggregated by instruments, Treasury Bills remained the most actively traded securities, accounting for 46.25 percent of total volume. Government Notes and Bonds followed with a contribution of 37.44 percent. Bank of Ghana (BoG) Bills represented 12.61 percent, while Corporate Bonds continued to play a modest role, making up 3.70 percent of total activity.
The performance of the GFIM in August reflects both heightened liquidity in the short-term debt market and sustained participation in longer-dated government securities, factors analysts suggest are critical to deepening Ghana’s fixed income market.
