Bond market: Trade volumes rise significantly to reach GH¢715m

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Trade volumes in the secondary bond market increased significantly last week ahead of the general elections.

This rose by approximately 31.02 percentage points to reach GH¢715 million.

Despite the increase, the number of trades remained limited, primarily concentrated in the short and belly segments of the curve.

Notably, maturities from 2027 to 2030 accounted for 56.49% of total trades, with a yield to maturity of 23.21%, while maturities from 2031 to 2034 represented 43.31% of the total volume traded.

This eased to a Yield-to-Maturity (Y-T-M) of 25.27%.

Looking ahead, analysts expect activity in the secondary bond market to improve, particularly in T-bills, following a relatively peaceful election outcome.

They believe Ghana’s successful election is likely to positively influence market sentiment among foreign investors in the near term.

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Bond market

Elections

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