Bond market: Traded volume declined 20.48% to GH¢722m

Activities in the secondary bond market declined by 20.48%, falling from GH¢908 million to GH¢722 million.

The February 2027 maturities dominated trading, capturing 47.2% of total volume with an average yield to maturity (YTM) of 24.13%.

Maturities from 2027 to 2030 represented 76.29% of market activity, averaging a YTM of 24.88%.

In contrast, maturities from 2031 to 2034 and 2035 to 2028 made up 23.69% and 0.03% of trading, with average YTMs of 22.67% and 25.40%, respectively.

Analysts expect trading activities to remain concentrated at the shorter end of the curve, with only minor transactions occurring in the belly in the near term.