Bond market: Turnover nearly doubled by 94.65% to GH¢4.13bn
The secondary market activity rebounded strongly, with turnover nearly doubling by 94.65% week-on-week 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 2027-2030 segment contributed 45.06% at 12.01%.
Longer-dated bonds remained largely sidelined, with post-2035 maturities representing just 1.19% of activity at 14.78%.
Meanwhile, the newly issued September 2030 bond attracted GH¢320.99 million in turnover at a weighted-average yield of 11.94%, accounting for 7.8% of total secondary-market turnover.
Databank Research expects secondary-market activity to remain firm, supported by sustained trading interest in the newly issued 4- year Government of Ghana bond.
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