Bond market: Turnover nearly doubled by 94.65% to GH¢4.13bn
Trading was concentrated in the belly, with 2031-2034 maturities accounting for 53.75% of turnover at an average yield of 13.90%.
The bond market in Ghana experienced a significant surge in turnover, nearly doubling by 94.65% to reach GH¢4.13bn in the past week, according to Joy Business. This marked a strong rebound in secondary market activity, with trading concentrated on bonds with maturities ranging from 2031 to 2034, which accounted for 53.75% of the turnover at an average yield of 13.90%.
The 2027-2030 segment contributed 45.06% to the turnover, while bonds with maturities beyond 2035 made up only 1.19% of the activity. The newly issued September 2030 bond attracted substantial interest, with GH¢320.99 million in turnover at a weighted-average yield of 11.94%, representing 7.8% of the total secondary-market turnover.
Analysts, including Databank Research, anticipate that this trend will continue, driven by ongoing trading interest in the recently issued four-year Government of Ghana bond.
Brief written by urgent.news from Joy Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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- Bond market: Turnover nearly doubled by 94.65% to GH¢4.13bn myjoyonline.com
