Trading activity on the Ghana secondary bond market recorded a recovery last week, as the new bonds recorded major trades in the 4th and 5th sessions.

The total face value traded surge to ¢175.90 million, approximately 31.30%.

This was underpinned by a 42.08% increase in transactions across the new bonds.

According to the trading activity, the average yield for the 2027-2030 maturities increased 182 basis points, closing at 13.35%.

Additionally, the 2031-2033 and 2034-2038 papers’ average yields, climbed to 13.68% and 13.82% respectively.

Analysts believe market activity will remain lively this week, with investors pricing near-term inflation risk into bond yields while waiting on the Monetary Policy Committee’s response to inflation data.