Treasury Bills Drive GHS4.49 billion GFIM Trading Volume. Trading activity on the Ghana Fixed Income Market reached GHS4.49 billion on Thursday, October 29, 2026, as investors concentrated overwhelmingly on Treasury bills and selected bonds issued under the Domestic Debt Exchange Programme.
The official GFIM trading report showed that a total nominal volume of GHS4,493,981,978 changed hands across 535 transactions during the session. Treasury bills accounted for GHS3.50 billion of the day’s trading volume, representing 77.97% of overall activity.
The strong concentration in Treasury bills suggests that investors continued to favour shorter-dated government securities, where liquidity was substantially deeper than in the medium- and long-term segments of the domestic debt market. The most actively traded Treasury bill was the instrument maturing on September 27, 2027, which recorded a volume of GHS924.43 million through five transactions.
The Ghana Fixed Income Market is a crucial platform for investors to buy and sell government securities, and the recent trading activity indicates a strong demand for shorter-dated Treasury bills. The Bank of Ghana, as the regulator of the financial sector, plays a key role in ensuring the stability and liquidity of the market.
According to Ernest Addison, Governor of the Bank of Ghana, the Domestic Debt Exchange Programme is aimed at reprofiling the country's debt and reducing the burden on the economy. The programme has been successful in attracting investors and reducing the cost of borrowing for the government.
The implications of the recent trading activity are significant, as it indicates a strong demand for government securities and a growing confidence in the Ghanaian economy. The trading volume of GHS4.49 billion is a significant increase from previous sessions, and it is expected to have a positive impact on the overall economy.