- Weekly bond market activity rose by 0.52% to GH¢1.15 billion
- Growth driven by month-end rebalancing and positive investor sentiment
- August 2027 and February 2036 maturities accounted for 39% of trade volume
Trading activity in Ghana’s secondary bond market saw a slight week-on-week increase of 0.52%, rising to GH¢1.15 billion from GH¢1.14 billion the previous week.
The uptick was driven by month-end portfolio rebalancing and improved investor sentiment.
Trades were well-distributed across the local currency yield curve, with bonds maturing in August 2027 and February 2036 accounting for 39% of the total volume.
Securities maturing between 2027 and 2030 comprised 44% of trades, clearing at an average yield-to-maturity (YTM) of 21%, while bonds due between 2031 and 2038 made up 56%, with an average YTM of 22%.
Analysts attribute the increased market activity to ongoing rebalancing at month-end and renewed investor confidence, partly supported by the cedi’s recent stability.
Looking ahead, analysts anticipate sustained liquidity in the market, underpinned by resilience in the foreign exchange environment.
