Bond market: Traded volume declined 20.48% to GH¢722m

Trading activity in Ghana’s secondary bond market saw a significant dip, declining by 20.48% as volumes dropped from GH¢908 million to GH¢722 million.

The February 2027 bond stood out, accounting for 47.2% of the total market volume, with an average yield to maturity (YTM) of 24.13%. Bonds maturing between 2027 and 2030 dominated overall trading, making up 76.29% of activity, with an average YTM of 24.88%.

Meanwhile, bonds set to mature between 2031 and 2034, along with those maturing between 2035 and 2038, accounted for 23.69% and just 0.03% of trading, respectively. These segments saw average YTMs of 22.67% and 25.40%.

Analysts predict that trading will continue to be concentrated in the short-term segment, with limited activity expected in longer-term bonds.