Foreign investors trim Ghana bond exposure as local banks anchor market liquidity

• Offshore investors reduce Ghana bond holdings amid cautious risk appetite
• Local banks and funds absorb supply as liquidity remains strong

ACCRA, GHANA – Offshore investors trimmed exposure to Ghana’s local bonds this week, with domestic banks and asset managers absorbing supply as trading stayed focused on liquidity rather than broad yield repricing.

Secondary market data from the Ghana Fixed Income Market (GFIM) showed turnover remained firm through midweek, underscoring resilient system liquidity even as foreign participation weakened. On Wednesday, January 14, total volumes reached about GHS1 billion across 429 trades, supported by steady activity in both government bonds and treasury bills.