The secondary bond market experienced a notable slowdown, with total turnover falling 30.12% week-on-week to GH¢399.29 million from GH¢571.42 million the previous week
Trading was dominated by the February 2032 maturity, which remained the most actively traded bond, accounting for GH¢145.04 million in transactions.
Bonds maturing between 2031 and 2034 served as the market’s core, making up 56% of total turnover at a weighted average yield of 15.74%. Meanwhile, maturities from 2027 to 2030 attracted significant attention, representing 35% of the volume at a weighted average yield of 15.92%.
Databank Research anticipates that market activity will stay subdued in the short term. However, the recent S&P upgrade of Ghana’s credit rating to B-/B from CCC+/C reflects better macroeconomic and fiscal conditions, which could gradually boost investor sentiment and market participation.
Story by: Mercy Addai Turkson #ahotoronline.com