Business

Bond Market Turnover Doubles to GH¢4.13bn as 2030 Issue Drives Activity

The secondary market for Ghanaian government bonds surged 94.65% week‑on‑week, with the newly issued September 2030 bond accounting for almost 8% of the trade.

Graph showing the rise in Ghana bond market turnover to GH¢4.13bn
Bond Market Turnover Doubles to GH¢4.13bn as 2030 Issue Drives Activity

The secondary market for Ghanaian government bonds rebounded strongly, with turnover nearly doubling by 94.65% week‑on‑week to GH¢4.13bn.

Trading concentrated in the 2031‑2034 maturity window, which accounted for 53.75% of the activity at an average yield of 13.90%. The 2027‑2030 segment followed closely, contributing 45.06% of turnover at 12.01% yield.

Longer‑dated bonds beyond 2035 remained largely sidelined, representing just 1.19% of activity at a 14.78% yield.

Meanwhile, the newly issued September 2030 bond attracted GH¢320.99 million in turnover at a weighted‑average yield of 11.94%, making up 7.8% of the total secondary‑market turnover.

Databank Research projects that secondary‑market activity will stay firm, buoyed by sustained trading interest in the newly issued four‑year Government of Ghana bond.

Written by

Daniel

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