Bond market: Total market turnover declined to ¢401.11m

Source The Ghana Report

The secondary bond market for treasury securities experienced strong trading activity but below the preceding week’s impressive volumes.

According to trading results, the aggregate face value traded declined by 33.78% to ¢401.11 million.

Similarly, trading was skewed in favour of shorter term-to-maturity, with the 2027 to 2030 bonds accounting for 94% of the total face value traded on the market. The February 2027 traded ¢371.02 million.

The 2027 to 2030 tenors traded around an average yield of 14.34%, while the 2031 to 2034 papers were exchanged around 12.96%.

Analysts expect trading activity to remain upbeat, as comments from the ongoing International Monetary Fund review hint at improving fiscal position.

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