Investor Confidence Boosts Ghana Fixed Income Market as Trading Volumes Surge
The Ghana Fixed Income Market (GFIM) recorded a remarkable jump in activity in July 2025, signaling renewed investor confidence and growing appetite for government and corporate debt instruments.
According to the latest Ghana Stock Exchange (GSE) market report, trading volume on the GFIM hit 21.42 billion in July, an impressive 81.56% increase compared to the 11.80 billion recorded in June. On a year-on-year basis, volumes rose by 54.48%, underscoring sustained momentum and market participation despite broader economic challenges.
Year-to-date, the GFIM has handled a cumulative trading volume of 129.66 billion, representing a strong 51.97% increase over the 85.32 billion seen during the same period last year. This performance reflects growing investor interest in fixed-income securities, driven partly by attractive yields, government borrowing needs, and increasing market liquidity.
The market composition for July showed that Treasury Bills continued to be the most traded instrument, accounting for 35.39% of total volume. Government Notes and Bonds dominated with 54.41%, highlighting sustained demand for longer-term investments. Bank of Ghana Bills made up 4.88% of activity, while Corporate Bonds contributed 5.32%.
Market observers say the surge in fixed-income trading comes at a time when investors, that’s both institutional and retail are diversifying away from equities in search of stable returns. “In times of uncertainty, fixed income provides a predictable income stream, and the yields in Ghana remain relatively attractive,” said a financial analyst in Accra.
In addition to trading performance, the month of July also saw an important capacity-building initiative for the industry. On July 7th, the Ghana Securities Industry Association (GSIA) launched the second edition of its Capital Market Internship Programme (CMIP) at the Ghana Stock Exchange.
The two-week programme placed students from selected schools with member firms, offering them hands-on exposure to securities trading, portfolio management, and the broader workings of Ghana’s capital markets. Organizers say the programme aims to inspire the next generation of finance professionals while improving awareness of opportunities in the investment space.
Looking ahead, Bayport Savings and Loans PLC is set to feature in the GSE’s “Facts Behind the Figures” series on August 21, 2025, where it will provide detailed operational and financial updates to investors and stakeholders.
With trading volumes on the rise and investor participation widening, the GFIM appears to be cementing its role as a vital platform for capital raising and investment diversification in Ghana.
Market watchers, however, caution that sustaining this momentum will require consistent macroeconomic stability, transparent fiscal policies, and continued investor education to keep both local and foreign interest alive.
