Bond market: Trading activity rose 28% to GH¢1.41bn

Trade activity in the secondary bond market rose 28.90% week-on-week to GH¢1.41 billion, up from GH¢1.09 billion.

The uptick was largely driven by end of-month portfolio rebalancing by banks.

The February 2027 bond remained the most traded, contributing 23% of total volumes, with its average yield easing to 20.7%.

Overall, the 2027–2030 papers dominated with a 72% share, clearing at an average Yield-To-Maturity (YTM) of 20%.

Longer-dated 2031–2038 maturities made up 28%, with YTM easing to 21.06%.

Databank Research anticipates subdued trading volumes as investors adopt a cautious stance ahead of May 2025 headline inflation data release.