January 2024 sees 48.3% spike in fixed-income trading volume

The fixed-income market in January 2024 witnessed a robust surge in trading activity, as indicated by the Summary of Market Activities.

Total traded volume soared to GHS 14.86 billion, marking a substantial 48.33% increase over the comparable period last year, where the figure stood at GHS 10.02 billion.

Notably, long-term government securities commanded a significant share of the market, constituting 44% of the overall activity, while short-term government instruments comprised the remaining 56%.

Despite the impressive uptick in trading volume, the number of trades experienced a modest dip, totaling 43,784 transactions, representing a 14.61% decline compared to the same period last year.

This nuanced trend underscores the evolving dynamics within Ghana’s fixed-income landscape, reflecting both investor preferences and market sentiment.

The data underscore the resilience and attractiveness of government-backed securities in Ghana, with investors continuing to seek opportunities across varying maturity profiles.

As market participants navigate shifting economic conditions, the January 2024 report serves as a valuable barometer of investor sentiment and market activity, positioning the fixed-income market as a pivotal component of Ghana’s broader financial ecosystem.

Source:norvanreports