Ghana’s bond market gains international recognition

The Ghana bond market has gained an international recognition for being open and bringing new ideas. This is one of the biggest and most important moments in the capital market development of the country, as said by Abena Amoah, the Managing Director of the Ghana Stock Exchange (GSE).

This kind of recognition shows how the market is gaining more attention and value lately as a hub for investment and economic growth. 

Abena Amoah stated that “ Investors are showing stronger belief in the market, and this because of regulatory enhancements like the introduction of clear GFIM rules and a strong system for keeping things in check. Our market is now the easiest to trade in Sub-Saharan Africa, outside of South Africa and Nigeria.” she added.

During the launch of the 10th anniversary of the Ghana Fixed Income Market (GFIM) in Accra, in a presentation titled: “A Decade of Progress, A Future of Possibilities.”, Abena Amoah revealed the current state of the Ghana bond market. 
She said for the past ten years, GFIM had supported the financial needs of the government and also enabled private firms to benefit from both long and short-term debt capital.

GFIM has also achieved strong improvement in investor participation, with pension fund assets on the market exceeding GHS90 billion.
Other major achievements highlighted include rules-based platform that has made trading of public fixed income securities easier and faster and the development of a centralized. 

Abena Amoah stated that “Since we introduced the electronic bond trading platforms, it has brought more openness into the market leading to substantial volume growth.”

She drew to attention that “GFIM’s 10-year journey reflects the story of transformation, resilience, and opportunity. From its modest beginnings to becoming a benchmark for transparency in Africa, GFIM has laid a solid foundation for the future. The next chapter promises to build on this legacy — driving inclusive growth, sustainable financing, and regional leadership.”

The Managing Director of the Ghana Stock Exchange (GSE) said from the very start, GFIM has traded over one trillion securities, reaching a top trading volume of 230 billion in 2022. 

Abena Amoah noted that the coming ten years of trade, the Ghana bond market will likely be driven by deeper growth and development in the corporate market, financial tools that support sustainability, regional integration, and technology and innovation.

She said “With our vision for the next 10 years, we want to see 10 million Ghanaians, up from the current two million, opening securities accounts and actively trading on the GFIM market using technology and digital trading tools. We want to see 100 companies admitted to this market, up from the current seven, to accelerate growth.”

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