Ghana's Securities Market Records GH¢81.7 Billion in Assets Under Management

Ghana's securities market has witnessed a notable surge in growth, with total assets under management reaching GH¢81.7 billion as of the third quarter of 2024. This represents a significant increase from GH¢62.6 billion in 2023.

The Securities and Exchange Commission (SEC) has also reported a substantial rise in the total assets of broker-dealers, amounting to GH¢887.8 million as of quarter 3, 2024. This is a considerable improvement from GH¢406 million during the same period last year.

In another development, the total restructured Domestic Debt Exchange Programme (DDEP) bonds have been estimated at GH¢82.9 billion. While the DDEP had a significant impact on trading activities in the Ghana Fixed Income Market in 2023, the SEC has reported an improvement in trading activities in 2024.

Despite the growth, the SEC has identified some emerging risks, including reduced tradability of restructured securities, limited liquidity, and a decline in trading of Government of Ghana instruments. To mitigate these risks, the SEC has outlined measures such as enhanced investor education and the need for fund managers to restructure their portfolios.

In a related development, the SEC has spent GH¢1.5 billion as a bailout package for customers of revoked fund management companies.

Source: Florence Kyei / Lead News Online