The Ghana Fixed Income Market (GFIM) is showing strong signs of recovery, with total trading volumes between January and October 2025 exceeding 200 billion.
The performance marks a major turnaround and positions the market to achieve pre-Domestic Debt Exchange Programme (DDEP) levels.
The Managing Director of the Ghana Stock Exchange (GSE), Abena Amoah, who disclosed this at the media launch of GFIM’s 10th anniversary celebrations in Accra last Wednesday, said the growth showed renewed investor confidence and market resilience following the challenges of recent years.
She emphasised GFIM’s first dip after seven years of sterling performance in 2023, following the implementation of the Domestic Debt Exchange Programme (DDEP), noting that volume traded dropped steeply from 230 billion in 2022 to 98 billion in 2023, indicating that GSE’s markets could be a good barometer for what’s happening in the economy.
“2024 saw a cautious rebound in the market: with volume traded of 174 billion, up 76 per cent over 2023, with the worst of the DDEP behind us and the country under an International Monetary Fund programme.
“The market recovery continues in 2025: cumulative volume traded January to October 2025 has crossed the 200 billion mark, putting us on track to achieve pre-DDEP levels,” she stated.
Ms Amoah further said the GFIM’s volume traded had been phenomenal, with over one trillion securities traded since inception.
“From its humble beginnings in 2015, when 5.2 billion securities traded from August to December, the market enjoyed a positive growth trajectory peaking at 230 billion in volume traded in 2022,” she said. 
She explained that GFIM’s journey had been distinguished by innovation, resilience, and a dynamic drive for progress by supporting the government’s financing needs and laying the
foundation for private sector access to both long and short-term debt capital.
Anniversary
The event, which is on the theme: GFIM@10 Anniversary: “10 Years of the Ghana Fixed Income Market – Deepening Markets, Expanding Possibilities”, will be commemorated with a series of activities scheduled for November and December.
They include the commissioning of a community project on November 7; a Conference, Awards and Dinner event on November 12, and a thanksgiving service to climax the anniversary in December.
Ms Amoah emphasised that the theme marked GSE’s decade of growth, resilience, and innovation in the fixed income market, and its contribution to national economic development.
She said GFIM’s 10-year journey reflected the story of transformation, resilience, and opportunity, adding that “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”.
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