Bond market: Turnover increased by 55.26% to GH¢1.41BN

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The secondary bond market turnover increased by 55.26% week-on-week to GH¢1.41 billion from GH¢906.14 million the previous week.

According to the trading results, the February 33 maturity led flows with GH¢651.75 million in volumes traded.

The 2031–2034 bonds dominated trading, accounting for 59% of volumes at a weighted average yield of 16.00%.

The 2027-2030 papers accounted for the remaining 40% at a weighted average yield of 15.98%.

“We expect secondary market activity to moderate in the coming sessions with flows centred in the front and intermediate segments where liquidity remains the deepest”, Databank Research said.

It added that improved volumes signal firmer confidence, although sentiment remains cautious ahead of potential government re-entry, which could influence near-term pricing and investor positioning.

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