Bond market: Trade volumes rise to GH¢663m

Trading activity in Ghana’s secondary bond market saw a rise, with volumes increasing from GH¢500 million last week to around GH¢663 million.

The majority of these trades focused on bonds maturing in August 2027 and February 2027, offering average yields to maturity (YTM) of 21.33% and 23.43%, respectively. A substantial share of the transactions was concentrated on bonds at the mid-to-long end of the local currency yield (LCY) curve, making up roughly 31.75% of the overall trading volume.

Bonds maturing from 2027 to 2023 represented 54.67% of the market turnover, while maturities from 2031 to 2038 accounted for 45.33%, with YTMs averaging 23.14% and 24%, respectively.

Looking ahead, analysts anticipate steady market activity, with potential for moderate turnover. Investors are also likely to pursue more sell-buy backs, seeking to secure short-term liquidity as month-end approaches.