Ghana's Bond Market Turnover Declines 28.56% to GH¢1.56 Billion
Secondary bond market turnover in Ghana declined by 28.56% to GH¢1.56 billion week-over-week.
In Brief
- •Secondary bond market turnover in Ghana declined by 28.56% to GH¢1.56 billion week-over-week.
- •Trading was concentrated in the 2031-2034 maturity segment, accounting for 71.30% of turnover.
- •The 2027-2030 segment contributed 23.05% of turnover, while post-2035 maturities made up 5.65%.
- •The new September 2030 bond recorded GH¢5.45 million in turnover.
- •Databank Research expects modest improvement in bond activity this week, but liquidity may shift toward COCOBOD's issuance programme.
Why It Matters
The decline in bond market turnover reflects the current economic conditions and investor behavior in Ghana. The concentration of trading in specific maturity segments indicates the market's current preferences and risks. The upcoming COCOBOD issuance programme could significantly impact the market dynamics, potentially redirecting investor attention and liquidity.
Key Details
- Total Turnover
- GH¢1.56 billion
- Decline Percentage
- 28.56%
- 2031-2034 Segment Turnover
- 71.30%
- 2031-2034 Segment Average Yield
- 13.93%
- 2027-2030 Segment Turnover
- 23.05%
- 2027-2030 Segment Average Yield
- 12.37%
- Post-2035 Segment Turnover
- 5.65%
- Post-2035 Segment Average Yield
- 15.34%
- September 2030 Bond Turnover
- GH¢5.45 million
- September 2030 Bond Yield
- 11.85%
Context & Background
The Ghanaian bond market has been influenced by various economic factors, including government policies, interest rate changes, and investor sentiment. The market's performance can have significant implications for the country's economic stability and growth prospects.
What To Watch
COCOBOD's GH¢16.3bn issuance programme book building from 28-29 September
Original Reporting & Sources
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