Ghana’s secondary bond market witnessed a significant boost in performance this week, with total turnover soaring by 64.39% to reach GH¢6.75 billion. Market liquidity was primarily anchored by the February 2030 bond, which solidified its position as a key benchmark by attracting GH¢2.98 billion in trading volumes.
This robust activity highlights a strong appetite for government securities as the year draws to a close, with investors strategically focusing their resources on specific segments of the yield curve.
The majority of investor interest was concentrated in the 2027–2030 maturity bracket, which represented 71.4% of all trades and offered a weighted-average yield of 15.15%.
In contrast, the mid-to-long-term segment covering 2031–2034 saw more moderate participation, accounting for 28.4% of the turnover at a slightly higher yield of 15.60%. The longest-dated bonds, ranging from 2035 to 2038, experienced very limited trading activity, with yields averaging approximately 15.86%.
Market analysts from Databank Research suggest that this period of high intensity is likely to transition into a seasonal lull. As the festive holidays approach, investors are expected to reduce their market presence and postpone significant financial decisions until the new year.
While activity is projected to decelerate in the final weeks of December, a resurgence in trading and repositioning is anticipated at the start of January 2026 as market participants reassess their portfolios for the upcoming fiscal year.
