Bond market: Turnover rose by 54% to GH¢2.47bn

The secondary bond market sustained its positive momentum this week, with total turnover rising by 54.21% week-on-week to GH¢2.47 billion.

Trading was concentrated in the February 2029 paper, which accounted for GH¢815.94 million in trades executed.

The 2027–2030 segment emerged as the market anchor, accounting for 87.6% of total turnover at a weighted-average yield of 14.54%.

The 2031 2034 maturities attracted modest investor interest, accounting for 12.4% of trades at a weighted average yield of 15.11%.

In contrast, activity along the 2035–2038 maturities were largely muted throughout the week.

As expected, market activity remained buoyant, underpinned by improved liquidity conditions and sustained investor engagement.

“Looking ahead, we anticipate the positive market sentiment to persist, with investors likely to stay positioned in maturities that offer both liquidity and attractive risk-reward dynamics”, Databank mentioned.