Activity on the Ghana Fixed Income Market declined during the week ending September 18, 2026, with total turnover reaching GH¢6.35 billion, despite a significant increase in Treasury bill transactions.
The latest market figure represents a 5.11% decrease from the GH¢6.69 billion recorded in the previous week. The decline was largely driven by weaker trading in government bonds and corporate securities, which outweighed the strong performance of Treasury bills.
The figures point to increased investor activity in short-term government securities and selected government bonds issued following Ghana’s debt restructuring programme.
Treasury Bills Account for More Than Half of Trading
Treasury bills remained the dominant instrument on Ghana’s secondary fixed-income market during the period under review.
Trading in Treasury bills rose to GH¢3.20 billion, compared with GH¢2.28 billion in the preceding week. This represents an increase of approximately 40.78%.
Treasury bills consequently accounted for 50.43% of total fixed-income turnover, making the short-term securities the largest contributor to market activity during the week.
The sharp increase in Treasury bill transactions highlights their continued importance as a source of secondary-market liquidity for investors operating in Ghana’s financial market.
Government Bonds and Corporate Securities Weaken
While Treasury bill trading recorded strong growth, activity in government bonds and corporate securities declined during the week.
The weaker performance in these segments contributed to the overall reduction in Ghana Fixed Income Market turnover, despite the substantial increase in short-term government securities trading.
The latest figures indicate that market participants are increasingly concentrating transactions on short-dated fixed-income instruments, while selected post-restructuring government securities also remain active.
With Treasury bills accounting for more than half of weekly turnover, short-term government securities continue to play a major role in determining liquidity and trading activity in Ghana’s fixed-income market.
Source: newsthemegh.com