Accra, Ghana//-Ghana Stock Exchange (GSE) has unveiled an ambitious vision for its Ghana Fixed Income Market (GFIM), a secondary market for trading of all fixed income securities, including Government of Ghana notes and bonds.
The Managing Director of GSE, Madam Abena Amoah, who announced the vision at the launch of the GFM’s 10th anniversary on Wednesday 5, November 2025, said: “The next decade of Ghana’s Fixed Income Market will be shaped by deeper corporate market development”.
She added that the incoming decade would be encouraging more private sector issuances, sustainable finance instruments, and expanding green, social, and sustainability bonds.
It would also be used to position Ghana as a hub within the African Continental Free Trade Area (AfCFTA) financial markets framework, according to Madam Amoah.
On technology and innovation, she was emphatic that leveraging financial technology (fintech), blockchain, and data analytics would be pursued to further deepen the market.
Madam Amoah was quick to say: “Our vision for the next 10 years includes: • We want to see 10 million Ghanaians from the current 2 million opening securities accounts and actively trading on the GFIM market using technology and digital trading tools”.
She continued: “We want to see 100 companies admitted on this market from the current seven to accelerate growth. We want to see the government issue infrastructure bonds to develop roads, the energy sector, build schools, and hospitals in partnership with the Ghanaian investors”.
We envisage a market that is vibrant, trusted, deep and solving Ghana’s financing challenges in partnership with all key stakeholders, the GSE MD further stated.
Recounting the impressive performance of the GFIM in the last 10 years, Madam Amoah said the GFIM’s evolution could be traced through several key milestones.
These included market infrastructure development, deployment of electronic bond trading platforms that enhanced transparency, centralised price formation, and improved efficiency in trade execution
“GFIM’s 10-year journey reflects the story of transformation, resilience, and opportunity. 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”.
Touching on moves to increase more listings, the Head of Ghana Fixed Income Market (GFIM), Augustine Simons, said: “We are working on getting many more issuers to come on the market and do business. The market side is so ready, the buyer side is so ready for them.”
On pension funds, we are almost getting to a GHS100 billion sitting there waiting for corporate issuers to come and take advantage of this, so that they can tap into this source of funding and use it to grow their businesses. That is what we have been going around to do. This year, we visited almost 20 potential issuers to talk to them to come to the market to raise long-term capital, he added.
Mr Simons noted that the current economic environment is also continuing to improve, and that is why they are calling on them they don’t just focus on the banks, but rather they should come to the capital market to raise cheaper and patient capital to help grow their businesses.
