… & Ebenezer Chike Adjei NJOKU Trading in locally issued US dollar-denominated government bonds surged nearly fifty-fold in the first five months of 2026, with volumes rising to US$35.36million from US$739,092 during the same period last year according to Ghana Fixed Income Market …
… According to him, Kasapreko first entered the capital market through the Ghana Fixed Income Market in 2024, using the experience to gain a deeper understanding of market regulations, investor expectations and funding mechanisms. …
… the Clearing and Settlement Department; facilitating the establishment of the GSE Securities Depository and its subsequent merger with Central Securities Depository (GH) Limited; and supporting the introduction of the Ghana Alternative Market (GAX), the Ghana Fixed Income Market …
… The workshop brought together officials from commercial banks, treasury departments, legal and risk teams, the Ghana Fixed Income Market, Central Securities Depository and the Ghana Securities Industry Association to build capacity in global financial market standards. …
By Joshua Worlasi AMLANU Trading activity in the corporate debt market accelerated sharply in the first four months of 2026, with the value of corporate securities traded on the Ghana Fixed Income Market (GFIM) rising to about GH¢2.8 billion, more than three times the level recor …
… Trading volumes on the Ghana Fixed Income Market more than doubled in 2025; the goal now is to move from restored activity to a genuinely liquid secondary market. …
… Trading volumes on the Ghana Fixed Income Market more than doubled in 2025; the goal now is to move from restored activity to a genuinely liquid secondary market. …
Ghana's Cocoa Board has established Cocoa Capital PLC, a special-purpose vehicle seeking to raise GH¢16.3 billion through domestic debt markets, comprising GH¢14 billion in commercial paper for cocoa purchases in the 2026/27 crop season and GH¢2.3 billion in medium- to long-term bonds to refinance existing legacy debt.
Ghana's Cocoa Board has established Cocoa Capital PLC, a special-purpose vehicle seeking to raise GH¢16.3 billion through domestic debt markets, comprising GH¢14 billion in commercial paper for cocoa purchases in the 2026/27 crop season and GH¢2.3 billion in medium- to long-term bonds to refinance existing legacy debt.
Absa Bank Ghana acted as Joint Lead Manager for PETROSOL Platinum Energy PLC's successful listing of its GH¢200 million Note Programme on the Ghana Fixed Income Market, which attracted 178 per cent subscription. PETROSOL raised GH¢100 million to support growth strategy including working capital, station improvements, and retail expansion.
The Ghana Stock Exchange's Composite Index returned 71.90% in August 2026, with trading activity up 323.86% year-on-year; while the top price gainers included Dannex Ayrton Starwin PLC (313.6%) and Digicut Production & Advertising PLC (211.1%), there were 16 price losers led by Enterprise Group PLC (-33.1%).
Fidelity Bank Ghana held a Debt Capital Markets Conference bringing together the Bank of Ghana, Ministry of Finance, Ghana Stock Exchange, and institutional investors to explore how macroeconomic stability can be converted into long-term capital for productive investment. Managing Director Julian Opuni said improving conditions present an opportunity after three years of stabilisation, and disclosed the bank has supported debt capital-market transactions with an aggregate value exceeding GH¢30 billion.
Fidelity Bank Ghana convened a Debt Capital Markets Conference with the Bank of Ghana, Ministry of Finance, Ghana Stock Exchange, and institutional investors to discuss converting macroeconomic stability into long-term capital for productive investment. The conference, themed "Lower Rates, Higher Opportunity," focused on shifting the national conversation from economic stabilisation to building foundations for sustainable growth through debt capital markets.
The Ghana Investment Promotion Authority chief executive has encouraged Ghanaian businesses to leverage the capital market for long-term financing, corporate governance, and sustainable growth, citing it as an alternative to address private sector financing challenges. He highlighted PETROSOL Platinum Energy PLC's admission to the Ghana Fixed Income Market under a GHS200 million bond programme as an example of how local businesses can strengthen competitiveness through capital market financing.
Investors in Ghana Stock Exchange-listed companies received GH¢37 billion in dividends over the past 12 months, while corporate bond and commercial paper investors earned nearly GH¢800 million in coupons, the GSE Managing Director disclosed at the Petrosol Platinum Energy listing ceremony.
PETROSOL Platinum Energy PLC, an ISO-certified indigenous oil marketing company, has received 178% subscription for its maiden GH₵100 million corporate bond, with combined bids of GH₵178.074 million. The 4-year tranche attracted 229% subscription and the 5-year tranche drew 128% subscription, and the company plans to raise the remaining GH₵100 million from its approved GH₵200 million Note Issuance Programme.
Petrosol Platinum Energy Plc has listed two series of notes under its GH¢200 million Note Programme on the Ghana Stock Exchange's Ghana Fixed Income Market to fund expansion, comprising a four-year note with 16.25% annual coupon and a five-year note with 17% coupon. The company plans to deploy the funds to expand existing operations, improve products and services, increase market share, expand retail operations, and invest in renewable energy.
The Ghana Stock Exchange's Composite Index and Financial Stock Index delivered year-to-date returns of 75.99% and 77.27%, respectively, as of July 2026, with market activity robust at 140,323 transactions and 23 price gainers led by Intravenous Infusions PLC (367%) and Hords PLC (255%).
Trading in locally issued US dollar-denominated government bonds jumped to US$35.36 million in the first five months of 2026 from US$739,092 in the same period last year, a surge market participants interpret as a sign of improving investor confidence in Ghana's sovereign debt following the 2023 Domestic Debt Exchange Programme.
Ghana's largest indigenous beverage manufacturer, Kasapreko PLC, has officially listed on the Main Market of the Ghana Stock Exchange, marking a significant milestone that positions the company to access long-term capital for expansion while providing Ghanaians with an opportunity to participate in the growth of the homegrown brand. The CEO noted the company first entered the capital market through the Ghana Fixed Income Market in 2024 to gain deeper understanding of market regulations and investor expectations before listing equity on the stock exchange.
Frank Yoofi Mensa Berle, Deputy Managing Director of the Ghana Stock Exchange, has retired effective June 3, 2026, after 22 years with the institution. During his tenure, he contributed to the GSE's modernisation, including automation of trading systems, establishment of the Clearing and Settlement Department, and support for new market segments including the Ghana Alternative Market and Ghana Fixed Income Market.
The Bank of Ghana has warned that weak legal documentation and poor risk management practices could undermine confidence in Ghana's financial markets if urgent steps are not taken to strengthen market systems, according to First Deputy Governor Dr. Zakari Mumuni speaking at a BoG/Frontclear Market Training Workshop.
Trading activity in Ghana's corporate debt market accelerated sharply in the first four months of 2026, with corporate securities traded on the Ghana Fixed Income Market reaching GH¢2.79 billion—more than three times the GH¢831 million recorded in the same period in 2025—amid falling yields and improving market confidence following Ghana's 2023 domestic debt restructuring.
The Ghana Stock Exchange's Composite Index gained 72.52% in April 2026, with the Financial Stocks Index rising 90.21%. The number of transactions increased 999.17% year-over-year, and SIC Insurance Company PLC led ten price gainers for the month.
Ghana's economy has undergone a marked turnaround: the cedi is now the world's best-performing currency, inflation has fallen from nearly 24% to single digits, and reserves have reached record highs, though the recovery came at significant cost.
Ghana's economy has recovered from crisis, with the cedi now the best-performing currency globally, inflation falling from nearly 24% to single digits, and foreign reserves reaching record highs. The turnaround follows a turbulent period marked by currency depreciation, high inflation, and debt stress.