Skip to main content

GSE Fixed Income Market : Stanbic controls 25.21% of market share


Stanbic Bank led the market share of banks that invested heavily on the Ghana Stock Exchange Fixed Income Market in 2021, controlling 25.21% of the total value of securities traded.

It was followed by GCB Bank which dislodged Standard Chartered Bank to the second position.  Ghana’s second biggest bank held 12.40% of government securities, largely bonds.

CalBank came third holding 10.89% of the total value of Government of Ghana securities.

The three banks together controlled 48.5% of banks investments in government securities on the debt market.

While Stanbic Bank invested ¢3.82 billion of their funds in government securities, GCB Bank exposure to government securities was estimated at ¢1.88 billion. CalBank investments in government securities was however ¢1.65 billion.

Ecobank Ghana (8.69%), Fidelity (6.67%), Access (6.56%), Consolidated Bank (5.90%), Standard Chartered Bank (4.12%) and Absa Bank (4.13%) followed in the 4th, 5th, 6th, 7th, 8th and 9th positions respectively.

Together, they controlled 36.07% of the share of the debt market, investing about ¢3.14 billion of their funds on the Ghana Fixed Income Market.

From the month-on-month figures, some of the banks such as Stanchart reduced their investments in government securities before 2021 ended, whilst others such as GCB Bank increased their holdings in the government securities.

National Investment Bank and Agricultural Development Bank were the only two banks that did not invest on the Ghana Fixed Income Market, based on the report.

According to Bank of Ghana, banks investments in bills, securities and equity remained the largest component of total assets in 2021.

The share of banks investments in total assets increased to 46.5%, from 42.3%, reflecting the 28.8% year-on-year growth in investments in June 2021.

This is relative to the sluggish growth in credits.

Labels:

Comments

Post a Comment

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...
Post a Comment
Read more

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...
Post a Comment
Read more

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...
Post a Comment
Read more