Bond market: Turnover declines by 18% to GH¢2.38bn

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The Secondary market activity softened over the week, with aggregate turnover declining by 18.16% week-on-week to GH¢2.38 billion.

Trading activity was concentrated in the front-to-belly segment of the curve.

The 2027–2030 maturities dominated market flows, accounting for 68.6% of total traded volumes at a weighted-average yield of 10.62%.

The 2031–2034 segment followed, capturing 31.36% of total activity at a weighted-average yield of 12.46%.

In contrast, long-end participation remained notably subdued, with the 2035–2038 tenors contributing a marginal 0.04% of total turnover, trading at a 12.55% weighted-average yield.

Databank Research expects the secondary market activity to remain subdued in the near term, as investors adopt a wait-and-see approach ahead of the Monetary Policy Committee (MPC) decision on Wednesday, 18 March 2026.

“Beyond the meeting, we anticipate the easing cycle to continue gradually, which should support renewed demand for longer-dated bonds and encourage investors to extend duration along the curve”.

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