Activity in Ghana’s secondary bond market eased slightly last week, with total turnover declining 2.58% week-on-week to GH¢2.91 billion.
Trading activity shifted toward the 2027–2030 maturities, which accounted for 52.6% of total volumes at a weighted-average yield of 11.02%. The 2031–2034 segment followed, capturing 42.5% of trades at an average yield of 12.74%.
Long-end tenors remained subdued, with the 2035–2038 maturities contributing just 4.9% of total turnover at a weighted-average yield of 12.71%.
Databank Research expects secondary market activity to stay relatively soft in the near term. “With the expiration of the three-year Domestic Debt Exchange Programme (DDEP) restriction, we anticipate announcements on the resumption of bond issuances in the coming weeks,” the report noted.
The research firm added that renewed issuance should help reinvigorate the secondary market and support a gradual uptick in yields across the curve.