Ghana’s secondary bond market saw a sharp uptick in activity, with turnover climbing 47.55% week‑on‑week to GH¢4.07 billion. The surge was largely driven by short‑to‑medium‑term issues, as the 2027‑2030 segment accounted for 63.68% of total trading volume, yielding an average of 12.43%.
Longer‑dated bonds also attracted attention: the 2031‑2034 window captured 34.69% of turnover at an average yield of 14.05%, while post‑2035 securities attracted only 1.63% at 14.84%. The September 2030 bond alone recorded GH¢45.85 million in turnover at a weighted‑average yield of 11.94%.
Databank Research predicts that bond market activity will stay buoyant in the near term, citing Moody’s recent upgrade of Ghana’s sovereign credit rating from Caa1 to B3. The rating lift signals improved creditworthiness and reduced sovereign risk, potentially boosting investor confidence and encouraging further purchases of existing bonds.
