Bond market: Turnover nearly doubled by 94.65% to GH¢4.13bn

The bond market in Ghana experienced a significant surge in turnover, nearly doubling by 94.65% week-on-week to reach GH¢4.13bn. The majority of this activity was concentrated in bonds with maturities between 2031 and 2034, accounting for 53.75% of the total turnover at an average yield of 13.90%. The 2027-2030 segment contributed 45.06% of the turnover, with an average yield of 12.01%.

While longer-dated bonds remained largely inactive, post-2035 maturities only represented 1.19% of the total activity at a yield of 14.78%. The September 2030 bond, issued recently, attracted a notable turnover of GH¢320.99 million at a weighted-average yield of 11.94%, making up 7.8% of the total secondary-market turnover. Analysts anticipate that the secondary market will continue to thrive due to sustained interest in newly issued bonds, particularly the 4-year Government of Ghana bond.

Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.