Ghana’s debt markets attracted significant investor activity as government securities dominated trading volumes, reflecting sustained institutional confidence in the country’s financial instruments amid improving economic fundamentals.
Government bonds captured the largest share of market activity, with new issues leading transaction volumes across multiple tenors. The active trading demonstrates continued appetite for Ghanaian debt securities despite elevated yields that remain attractive to both domestic and international investors.
Treasury bills maintained robust liquidity, particularly in shorter maturities where institutional investors concentrated their activities. The strong demand for government paper reflects confidence in Ghana’s fiscal trajectory and monetary policy framework under current economic conditions.
Corporate bond issuers including Letshego Ghana PLC and Bayport Savings and Loans PLC recorded steady pricing throughout the session, though volumes remained lighter compared to sovereign instruments. The Ghana Cocoa Board’s debt instruments maintained their reputation for stable performance within the corporate segment.
Bank of Ghana bills attracted considerable institutional interest, with central bank paper drawing significant single-transaction volumes. The monetary authority’s short-term instruments continue serving as important liquidity management tools for financial institutions operating in the domestic market.
Market participants note the diverse trading pattern across security types demonstrates the increasing maturity of Ghana’s fixed income infrastructure. The Ghana Fixed Income Market platform continues facilitating transparent, fair pricing for both government and corporate debt instruments.
Recent economic improvements have strengthened investor confidence in Ghanaian debt markets. Inflation declined to 11.5% in August 2025, marking its lowest level in four years, while government bond yields fell 70 basis points to 17.97% amid strong investor demand.
Current yields on medium-term government debt range from 15.18% to 16.05% for bonds maturing between 2027-2037, offering attractive returns while representing manageable fiscal costs for government debt management operations.
The trading ecosystem includes sophisticated repo market activities, with both collateralized transactions and Global Master Repurchase Agreement trades providing additional depth to the fixed income landscape. These structured financing arrangements enable institutional investors to optimize their portfolio management strategies.
Analysts emphasize that the balanced participation across government and corporate securities indicates healthy risk appetite among investors. The activity spans the entire yield curve, from short-term treasury bills to longer-dated bonds, suggesting robust market functioning and adequate liquidity provision.
Recent trading sessions have recorded volumes exceeding 1 billion cedis, underlining the substantial scale of Ghana’s domestic debt market operations and its importance to the broader financial system.
The sustained trading activity occurs as Ghana continues strengthening its capital market infrastructure, with the GFIM platform providing the technological backbone for efficient price discovery and transaction settlement across all fixed income security categories.
Source: newsghana.com.gh
