Audio By Carbonatix
Total assets under management of securities investments stood at GH¢81.7 billion as of the third quarter of this year.
This is compared with GH¢62.6 billion in 2023.
According to the Securities and Exchange Commission (SEC), the total assets of broker-dealer also amounted to GH¢887.8 million as of quarter 3, 2024.
This is compared with GH¢406 million during the same period last year.
Similarly, total restructured Domestic Debt Exchange Programme (DDEP) bonds was estimated at GH¢82.9 billion.
According to the SEC, the DDEP had a significant effect on trading activities on the Ghana Fixed Income Market particularly in 2023. However, trading activities is improving in 2024.
The regulator of the capital market cited some emerging risks including reduction in the tradability of restructured securities, limiting liquidity and significant decline in trading of Government of Ghana instruments.
However, the SEC has outlined mitigating measures such as enhanced investor education on adopting long-term view of investments and the need for fund managers to restructure portfolio.
Meanwhile, GH¢1.5 billion has been spent as bailout package on customers of the revoked fund management companies.
Latest Stories
-
Put bill before him, he will sign – Yilo Krobo MP backs Mahama on LGBTQ+ law
3 hours -
Cameroon separatists to pause fighting ahead of Pope visit
3 hours -
Retrial over death of Argentina legend Maradona begins
4 hours -
Israel and Lebanon hold first direct talks since 1993
4 hours -
Western Regional House of Chiefs honours Armah-Kofi Buah for promoting unity and stability
4 hours -
Trump hints Iran talks could resume this week as US maritime blockade continues
4 hours -
From student to keynote: Matilda Asante-Asiedu returns to GIMPA with critical advice on AI
4 hours -
Man wins €1m Picasso painting in €100 charity raffle
4 hours -
French woman, 86, held by ICE after moving to US to reunite with long-lost love
4 hours -
Partner of US influencer who died in Zanzibar speaking to police as witness
4 hours -
Brazil’s former spy chief detained by ICE agents in US
5 hours -
Significant debt vulnerabilities persist despite upgrade to “high risk of debt distress” – World Bank to Ghana
5 hours -
Atleti survive Barcelona fight-back to reach Champions League semis
5 hours -
Dembele at the double as PSG knock Liverpool out of Champions League quarters again
5 hours -
Geospatial intelligence and its impact on infrastructure development – Emmanuel Sampson writes
6 hours