Activity on Ghana’s secondary bond market declined significantly over the past week, with total turnover falling by 60.44% week-on-week to GH¢941.11 million.
Trading was largely concentrated in the short- to mid-term segment of the yield curve. Bonds maturing between 2027 and 2030 dominated activity, accounting for 53.33% of total volumes at a weighted average yield of 11.97%.
The 2031–2034 maturities also saw strong participation, contributing 46.63% of total turnover with a weighted average yield of 12.49%.
Meanwhile, activity at the long end of the curve remained minimal. Bonds with maturities between 2035 and 2038 represented just 0.04% of total trades, with a slightly higher average yield of 12.51%.
According to Databank Research, the sharp drop in turnover suggests investors are adopting a cautious approach, holding back on major positions while awaiting clearer signals on the reopening of the bond market.
The firm, however, anticipates a gradual rebound in trading activity toward the end of the month as investors begin to rebalance their portfolios.
Source: myjoyonline
