The Ghana Fixed Income Market (GFIM) is marking a decade of innovation, resilience, and remarkable growth that has significantly shaped the country’s capital market landscape.
At a media launch in Accra themed “10 Years of the Ghana Fixed Income Market – Deepening Markets, Expanding Possibilities,” Ghana Stock Exchange (GSE) Managing Director Abena Amoah highlighted the GFIM’s evolution from a modest platform to one of Africa’s most transparent and dynamic debt markets.
“GFIM has supported government financing needs while laying a strong foundation for private sector access to both long- and short-term debt capital,” she said.
Launched in August 2015, the GFIM was created through a collaboration of key financial stakeholders, including the Ministry of Finance, Bank of Ghana, Ghana Stock Exchange, Central Securities Depository, and the Ghana Association of Banks. Its objective was to provide a centralized and transparent system for trading fixed-income securities.
Since inception, the market has traded over one trillion securities, with annual trade volumes increasing from GH¢5.2 billion in 2015 to over GH¢230 billion in 2022, before a temporary dip following the Domestic Debt Exchange Programme (DDEP). The market rebounded in 2024 with GH¢174 billion in traded volumes and has already surpassed GH¢200 billion by October 2025.
Ms. Amoah emphasized that the GFIM has enabled corporations to raise more than GH¢24 billion in capital, boosting investor confidence and transparency through regular market reports and published yield curves. She urged Ghanaian companies to leverage the market as a reliable source of affordable long-term financing, particularly for manufacturing and infrastructure projects.
“The Ghana Fixed Income Market is ready and available to support local and multinational companies with the capital they need to build factories, expand production, and create jobs,” she stressed.
Looking ahead, Ms. Amoah outlined plans to deepen the corporate bond market, expand sustainable finance instruments such as green and social bonds, and use technology and fintech innovations to attract more retail investors. She set ambitious targets for the next decade: 10 million Ghanaians actively trading on the GFIM and at least 100 companies listed.
As part of the anniversary celebrations, a community project will be commissioned on November 7, followed by a main conference and awards ceremony on November 12, and a thanksgiving service in December.
Concluding her remarks, Abena Amoah described GFIM’s journey as “a story of transformation, resilience, and opportunity,” emphasizing that the next decade will focus on driving inclusive growth and sustainable financing to strengthen Ghana’s economic future.
Source: Kwame Anum
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