Fixed Income Market sees 10.39 billion in volume traded; market valued at GHS 328bn at end-May 2024
The Ghana Stock Exchange’s Fixed Income Market witnessed a dramatic rise in trading activity for May 2024.
Traded volumes soared to 10.39 billion, effectively doubling the figures from May 2023 and marking a significant 107.65% increase year-on-year.
This surge underscores the market’s burgeoning dynamism and investor confidence in fixed-income securities.
Per the GSE’s market activities report for the month of 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, made up the remaining 0.77%. The diversified nature of the fixed-income market highlights the broad spectrum of investment opportunities available to market participants.
The overall value of all securities on the fixed-income market stood at a robust GHS 328 billion by the end of May, reflecting the market’s substantial scale and depth.
Year-to-date performance has been equally impressive, with trading volumes reaching 62.27 billion. This represents a 75.53% increase over the 35.47 billion traded during the corresponding period last year.
The substantial involvement in treasury bills and government bonds points to a strong preference for secure and stable investment options by investors amid global economic uncertainties.
The GSE’s fixed-income market continues to solidify its position as a critical component of Ghana’s financial ecosystem, offering a reliable platform for capital mobilization and investment diversification. This sustained growth trajectory is poised to drive further market development and economic resilience.
