SUMMARY OF STATUS REPORT FEBRUARY 2020

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MEMBERSHIP

GFIM as at the end of February 2020 has 38 registered members categorized as follows:

LICENSED DEALING MEMBERS PRIMARY DEALER 1. African Alliance Securities Limited 1. Access Limited 2. Black Star Brokerage Limited 2. ARB Apex Bank 3. Bullion Securities Limited 3. Limited 4. Databank Brokerage Limited 4. Cal Bank Ghana Limited 5. EDC Stockbrokers Limited 5. Limited 6. Teak Tree Brokerage Limited 6. Limited 7. Republic Securities Ghana Limited 7. Fidelity Bank Ghana Limited 8. IC Securities Limited 8. GCB Bank Limited 9. NTHC Securities Ltd 9. Ghana Limited 10. Prudential Stockbrokers Limited 10. Limited 11. SBG Securities Ghana Limited 11. Limited 12. SIC Brokerage Limited 12. Standard Chartered Bank Limited 13. Strategic African Securities Limited 13. Universal 14. UMB Stock Brokers Ltd

NON - PRIMARY DEALER BANKS 1. Agricultural Development Bank 2. Bank of Ghana Ltd 3. Ghana Ltd 4. First National Bank Limited 5. FBN Bank Ghana Ltd 6. 7. 8. Republic Bank Ghana Limited 9. Sahel Sahara Bank Ghana Limited 10. UBA Ghana Limited 11. Zenith Bank Ghana Ltd

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SUMMARY OF SECURITIES • Benchmark Securities: 8 5yr Government bond- 5 7yr Government bond- 1 10yr Government bond- 1 15yr Government bond- 1 • Non-Benchmark Securities: 28 3yr Government bond-14 5yr Government bond- 6 6yr Government bond- 1 7yr Government bond- 3 10yr Government bond-2 15yr Government bond-1 20yr Government bond-1 • Treasury Notes: 14 1yr Government note- 1 2yr Government note- 13 • Treasury Bills:80 364 day bill- 28 182 day bill- 26 91 day bill- 13 182-day Cocoa Bill- 13 ❖ Local US dollar 3-year bond-1 ❖ Eurobond-9 ❖ Corporate Bonds

AFB Ghana Plc 18 Bayport (Ghana) 9 Edendale Properties 2 Izwe Ghana 6 E.S.L.A. Plc 4 Ghana Home Loans Limited 2 Ghana Home Loans Limited (US Dollar) 3 Bond Savings and Loans Ltd 15 Quantum Terminal Ltd 1 Dalex Finance and Leasing Company Ltd 1

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TOTAL OUSTANDING GOVERNMENT SECURITIES AS AT FEBRUARY 2020

2020 2019 TENOR OF SECURITY AMOUNT GH₵ AMOUNT GH₵ 91-DAY 7,654,991,946 6,095,625,626 182-DAY 2,902,031,423 3,055,423,157 364-DAY 6,301,600,106 350,286,833 1-YEAR 2,053,397,130 2,155,214,284 2-YEAR 12,094,112,483 14,157,681,309 3-YEAR 14,876,983,288 10,944,394,215 5-YEAR 15,957,951,788 12,661,661,126 6-YEAR 1,835,484,816 7-YEAR 5,319,904,038 2,857,388,228 10-YEAR 8,815,116,177 7,861,167,635 15-YEAR 12,429,921,098 4,793,780,961 20-YEAR 162,131,557 - TOTAL 90,403,625,850 65,302,931,804

SECURITIES TRADED IN FEBRUARY

ISSUER NAME DESCRIPTION VOLUME TRADED NUMBER OF TRADES AFB GHANA 5-YEAR BOND 90,000 1 AFB GHANA 6-YEAR BOND 8,000 1 BAYPORT FINANCIAL 5-YEAR BOND 5,000 1

ESLA 7-YEAR BOND 55,127,669 45 ESLA 10-YEAR BOND 67,499,694 38 ESLA 12-YEAR BOND 14,194,119 12 GOVT OF GHANA 91-DAY BILL 117,141,926 5,253 GOVT OF GHANA 182-DAY BILL 32,247,743 1,253 GOVT OF GHANA 364-DAY BILL 38,195,732 394 GOVT OF GHANA 2-YEAR NOTE 1,693,836,526 1,900 GOVT OF GHANA 3-YEAR BOND 2,149,664,075 1,050 GOVT OF GHANA 5-YEAR BOND 597,566,213 694 GOVT OF GHANA 6-YEAR BOND 27,926,558 39 GOVT OF GHANA 7-YEAR BOND 623,235,404 360 GOVT OF GHANA 10-YEAR BOND 283,469,450 70 GOVT OF GHANA 15-YEAR BOND 20,887,983 36 GOVT OF GHANA 20-YEAR BOND 437,088 4 COCOA BOARD 182-DAY BILL 606,229,527 877 ABSA BANK GHANA 56,289,739 75 LTD* TOTAL 6,384,052,446 12,103 * This is not listed on the Ghana Fixed Income Market

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SUMMARY OF CORPORATE BONDS LISTING Name of Issuer Number Amount Raised Shelf Registration GH¢ GH¢ Izwe Loans Ltd 6 80.00 million 80 million AFB Plc 18 287.07 million 300 million Edendale Properties Ltd 6 32.65 million 50 million Bayport Financial Services 9 308.84 million 500 million Ghana Home Loans 2 19.00 million 380 million PBC Ltd 2 362.30 million 400 million ESLA Ltd 3 6,430.46million 10,000million Bond Savings & Loans 14 62.13 million 100 million Quantum Terminal Ltd 1 45 million 140 million Dalex Finance Company 1 20.00 million 150 million TOTAL 62 7,647.45 million 12,100 million

SUMMARY OF GOVERNMENT VOLUME OF TRADES MONTH CSD BLOOMBERG 2020 2019 2018 2020 2019 2018 January 7,797,077,902 3,223,772,603 3,310,692,897 384,377,000 255,030,000 158,577,000 February 6,384,052,446 4,426,450,387 4,258,519,930 946,241,000 306,885,000 295,088,000 March 4,175,583,301 3,160,168,133 219,275,000 51,600,000 April 3,749914,983 1,801,991,461 98,229,000 97,200,000 May 4,573,641,343 3,164,111,390 188,848,000 34,000,000 June 4,736,961,689 3,285,363,905 546,730,000 482,740,000 July 4,803,944,134 2,961,819,671 182,257,000 548,047,000 August 4,481,385,617 3,358,380,590 685,566,000 658,394,000 September 4,043,220,226 3,491,312,515 261,863,000 473,026,000 October 5,613,314,272 3,067,371,443 656,267,000 262,240,000 November 5,845,862,422 2,904,757,781 453,367,000 276,221,000 December 5,878,541,793 3,100,828,155 1,721,110,000 262,055,000 14,181,130,348 55,552,592,770 37,865,317,843 1,330,618,000 5,575,427,000 3,599,188,000

*THE CSD VOLUME REPRESENTSTHE WHOLE MARKET

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CAPIZAR ATS TRADING PLATFORM MONTH 2020 2019 2018 January - 150,000 - February 10,000,000 - - March 73,502 - April - - May - - June - 430,000 July - 300,000 August - - September - - October - - November - 169,433 December - - TOTAL 10,000,000 223,502 899,433

NUMBER OF TRADES (2018 TO 2020)

MONTH CSD BLOOMBERG 2020 2019 2018 2020 2019 2018 January 13,512 8,009 7,521 116 83 108 February 12,103 7,724 5,960 83 84 62 March 10,214 5,706 72 27 April 8,079 8,176 74 36 May 11,113 8,674 77 21 June 8,861 6,384 59 132 July 10,819 5,746 72 126 August 11,136 6,824 161 182 September 11,459 6,106 72 118 October 10,604 8,197 261 101 November 10,763 7,050 162 102 December 10,527 6,476 247 98 TOTAL 25,615 119,308 82,820 199 1,424 1,113

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CUMULATIVE TRADES AS AT FEBRUARY 2020 (BASED ON VOLUME TRADED) SELL SIDE

VOLUME TRADED TOTAL TRADES MKT SHARE % 1. STANBIC BANK GHANA LIMITED 3,693,415,796 2077 26.04 2. ACCESS BANK GHANA LIMITED 1,807,097,338 736 12.74 3. ABSA BANK GHANA LIMITED 1,789,995,959 1445 12.62 4. ECOBANK GHANA LIMITED 1,109,339,226 8159 7.82 5. STANDARD CHARTERED BANK GHANA 976,295,707 2388 6.88 6. CONSOLIDATED BANK GHANA LTD 851,819,348 335 6.01 7. CAL BANK LIMITED 512,996,386 1138 3.62 8. FIDELITY BANK (GHANA) LIMITED 511,990,905 1803 3.61 9. GCB BANK LIMITED 435,789,055 3947 3.07 10. GHANA 433,227,325 194 3.05 LIMITED 11. ZENITH BANK GHANA LIMITED 334,280,032 451 2.36 12. BLACK STAR BROKERAGE LIMITED 278,887,967 237 1.97 13. GUARANTY TRUST BANK (GHANA) 230,268,165 496 1.62 LIMITED 14. PRUDENTIAL BANK LIMITED 193,084,945 53 1.36 15. SOCIETE GENERALE GHANA LIMITED 176,809,484 834 1.25 16. FIRST ATLANTIC BANK 166,910,393 45 1.18 17. FIRST NATIONAL BANK GHANA LIMITED 149,745,921 206 1.06 18. IC SECURITIES (GHANA) LIMITED. 113,923,039 105 0.80 19. 106,330,291 281 0.75 20. DATABANK BROKERAGE LIMITED. 105,892,580 161 0.75 21. EDC STOCKBROKERS LIMITED 62,786,700 43 0.44 22. UNIVERSAL MERCHANT BANK LIMITED 37,200,770 123 0.26 23. STRATEGIC AFRICAN SECURITIES 36,989,561 103 0.26 24. BANK OF AFRICA GHANA LIMITED 25,458,822 21 0.18 25. REPUBLIC SECURITIES GHANA LIMITED 12,104,438 14 0.09 26. SIC BROKERAGE LIMITED 9,463,895 88 0.07 27. UMB INVEST. HOLDINGS 5,944,000 15 0.04 28. FIRSTBANC BROKERAGE SERVICES 4,359,961 19 0.03 LIMITED. 29. TEAK TREE BROKERAGE LIMITED 2,990,092 8 0.02 30. REPUBLIC BANK (GHANA) LTD 2,454,563 55 0.02 31. PRUDENTIAL STOCKBROKERS LIMITED 1,457,538 9 0.01 32. BULLION SECURITIES LIMITED 1,399,059 12 0.01 33. NTHC SECURITIES LIMITED 353,857 8 0.00 34. BANQUE SAHELO-SAHARIENNE POUR 67,230 6 0.00 L'INVESTISSEMENT ET LE COMMERCE TOTAL 14,181,130,348 25,615

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BUY SIDE

VOLUME TOTAL TRADES MKT SHARE % TRADED 1. STANBIC BANK GHANA LIMITED 3,690,061,860 2080 26.02 2. ABSA BANK GHANA LIMITED 1,783,433,397 1377 12.58 3. STANDARD CHARTERED BANK GHANA 1,546,063,166 2415 10.90 4. ACCESS BANK GHANA LIMITED 1,453,086,222 583 10.25 5. ECOBANK GHANA LIMITED 1,046,754,311 8125 7.38 6. GCB BANK LIMITED 966,646,945 3995 6.82 7. FIDELITY BANK (GHANA) LIMITED 408,000,916 1822 2.88 8. CAL BANK LIMITED 370,346,559 791 2.61 9. BLACK STAR BROKERAGE LIMITED 312,968,334 257 2.21 10. FIRST NATIONAL BANK GHANA LIMITED 309,419,082 220 2.18 11. ZENITH BANK GHANA LIMITED 307,471,350 412 2.17 12. UNITED BANK FOR AFRICA GHANA LIMITED 275,706,325 157 1.94 13. IC SECURITIES (GHANA) LIMITED. 258,569,914 235 1.82 14. SOCIETE GENERALE GHANA LIMITED 252,106,819 847 1.78 15. GUARANTY TRUST BANK (GHANA) LIMITED 247,585,464 466 1.75 16. DATABANK BROKERAGE LIMITED. 162,274,115 250 1.14 17. CONSOLIDATED BANK GHANA LTD 152,825,973 296 1.08 18. FIRST ATLANTIC BANK 127,403,440 34 0.90 19. EDC STOCKBROKERS LIMITED 110,329,794 88 0.78 20. BANK OF GHANA 106,330,291 281 0.75 21. STRATEGIC AFRICAN SECURITIES 65,403,851 163 0.46 22. REPUBLIC SECURITIES GHANA LIMITED 56,493,965 181 0.40 23. PRUDENTIAL BANK LIMITED 39,013,000 25 0.28 24. SIC BROKERAGE LIMITED 36,216,400 146 0.26 25. BANK OF AFRICA GHANA LIMITED 22,690,350 22 0.16 26. FBN BANK GHANA LIMITED 13,019,241 6 0.09 27. UMB INVEST. HOLDINGS 12,512,984 23 0.09 28. ARB APEX BANK LIMITED 11,464,804 12 0.08 29. BULLION SECURITIES LIMITED 9,266,729 30 0.07 30. FIRSTBANC BROKERAGE SERVICES LIMITED. 7,598,279 26 0.05 31. PRUDENTIAL STOCKBROKERS LIMITED 6,865,957 34 0.05 32. CHAPEL HILL DENHAM SECURITIES GHANA LIMITED 3,090,736 10 0.02 33. GHL BANK LIMITED 3,039,000 1 0.02 34. REPUBLIC BANK (GHANA) LTD 2,505,804 56 0.02 35. UNIVERSAL MERCHANT BANK LIMITED 1,967,212 113 0.01 36. AGRICULTURAL DEVELOPMENT BANK 1,045,000 1 0.01 37. CDH SECURITIES LIMITED 499,214 12 0.00 38. TEAK TREE BROKERAGE LIMITED 431,691 9 0.00 39. SERENGETI CAPITAL MARKETS LIMITED 286,182 5 0.00 40. NTHC SECURITIES LIMITED 166,442 2 0.00 41. AFRICAN ALLIANCE SECURITIES GHANA LIMITED. 102,000 1 0.00 42. BANQUE SAHELO-SAHARIENNE POUR 67,230 6 0.00 L'INVESTISSEMENT ET LE COMMERCE TOTAL 14,181,130,348 25,615

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