Treasury Bills Lead GSE Fixed Income Market, Accounting for 64.17% of Traded Volumes
The Ghana Stock Exchange’s fixed-income market reported a stellar performance for July, with traded volumes reaching 13.87 billion.
This marks a 150.44% increase compared to July 2023 and a 51.01% rise from the previous month, underscoring the market’s escalating momentum.
Per the GSE’s Summary of July 2024 Market Activities report, from January to July this year, total trading volume surged to 85.32 billion, reflecting an 83.78% increase over the 46.42 billion traded during the same period last year.
This robust growth signals strong investor confidence and heightened activity in the fixed-income market.
Treasury Bills led the charge, accounting for 64.17% of the traded volumes, indicating a strong preference for short-term government securities among investors.
Government Bonds followed, comprising 33.37% of the volumes, while Corporate Bonds contributed the remaining 2.46%.
The surge in trading volumes highlights the rebounding attractiveness of Ghana’s fixed-income securities, the market’s growth is reflective of improved liquidity and increased participation from both institutional and retail investors.
As the Ghanaian economy rebounds, the fixed-income market is poised for sustained growth, offering investors an avenue for returns.
