Business

Secondary Market Rises 8.54% in Weekly Turnover

Story Highlights
  • Secondary market turnover rose 8.54% week-on-week to GH¢1.53 billion
  • February 2027 bond led with 24% of total volumes at 20.76% average YTM
  • 2027–2030 bonds made up 54% of trading, clearing at 20.98% average yield

Activity on the secondary bond market rose by 8.54% week-on-week, with total turnover increasing from GH¢1.41 billion to GH¢1.53 billion.

Trading remained focused within the general bond category, with the February 2027 bond emerging as the most active, accounting for 24% of total volumes. It traded at an average yield-to-maturity (YTM) of 20.76%.

Maturities between 2027 and 2030 dominated the market, making up 54% of total trades and clearing at an average YTM of 20.98%. Bonds maturing between 2031 and 2038 contributed the remaining 46%, with yields peaking at 21.38%.

Looking ahead, analysts anticipate a slowdown in trading volumes as investors adopt a cautious stance ahead of the International Monetary Fund (IMF) Executive Board’s expected decision on a US$370 million disbursement.

Related Articles