Bond market: Total turnover surges 66% to GH¢4.10bn

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The secondary bond market extended its positive momentum this week, with total turnover surging 66.42% week-on-week to GH¢4.10 billion.

Trading was heavily skewed toward the February 2030 paper, which reaffirmed its role as the market’s liquidity bellwether, accounting for GH¢1.01bn of executed trades.

Trading remained firmly anchored in the 2027–2030 segment, which accounted for 75.5% of total trades, with a weighted-average yield of 14.77%.

Further along the curve, the 2031–2034 maturities recorded moderate participation, accounting for 24.3% of trades at a weighted average of 15.43%.

Looking ahead, Databank Research expects market activity to soften toward year-end, reflecting seasonal bank balance sheet adjustments and reduced market participation during the festive period.

“We anticipate the market to remain constructive, supported by improving liquidity conditions and growing investor confidence amid the anticipation of the reopening of the bond market”, it concluded

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