Secondary bond market liquidity stayed modest last week, with turnover climbing 0.35% from the prior week to GH¢1.59 billion.
Trading concentrated heavily on the February 2027 benchmark bond, where volumes jumped 57.7% week-on-week to GH¢824.61 million.
Investors focused on the 2027-2030 segment, which grabbed 70.2% of total volumes at a weighted average yield of 15.06%.
The 2031-2034 segment saw steadier action, making up 21.3% of turnover with yields averaging 15.69%.
Shorter interest hit the 2035-2038 tenors, accounting for 8.6% of volumes at 16.08%.
Databank Research anticipates fresh momentum as the Ministry of Finance prepares Ghana’s first domestic infrastructure bond—a GH¢10 billion raise in two GH¢5 billion tranches, with the debut slated for the first half of the year. This move should expand local investment choices.
Looking ahead, the domestic debt calendar and insights from the next Monetary Policy Committee meeting will likely guide investor strategies and demand, Databank concluded.
Story by: Mercy Addai Turkson #ahotoronline.com