Secondary Market Rises 8.54% in Weekly Turnover

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.

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