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.
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