Activity in the secondary bond market picked up sharply over the week, with trading volumes surging.
Turnover jumped nearly 190% from the previous week to GH¢4.61 billion. Despite stronger activity, liquidity remained concentrated in a few instruments, with the February 2031 benchmark accounting for GH¢1.53 billion of the total volume.
Investor interest continued to cluster around the 2027–2030 maturities, which accounted for about 61% of all trades and were exchanged at a weighted-average yield of 15.00%.
Beyond that range, activity was more selective. Bonds maturing between 2031 and 2034 accounted for 35.5% of total volumes, trading at an average yield of 14.97%.
The long end of the curve remained relatively quiet, with 2035–2038 tenors contributing just 3.7% of trades at a higher weighted average yield of 16.01%.
Looking ahead, Databank Research expects the momentum to continue, citing ongoing portfolio rebalancing and improved market sentiment as key drivers of sustained activity in the coming week.