business

Bond market: Turnover declines by 45% to GH¢2.72bn

Bond market: Turnover declines by 45% to GH¢2.72bn

The secondary bond market turnover declined by 45.96% week-on-week to GH¢2.72 billion. The fixed income market has seen tremendous activity this year following the upgrade of Ghana’s credit ratings by all the rating agencies.

The secondary bond market turnover declined by 45.96% week-on-week to GH¢2.72 billion.

Trading remained concentrated in the 2027-2030 maturities, which accounted for 58.27% of turnover at a weighted-average yield of 13.01%.

The 2031-2034 segment followed with a 37.43% share at 14.28%.

Meanwhile, post-2035 maturities gained traction.

The turnover share rose to 4.30% from 0.49%, while weighted-average yields widened to 15.49% from 15.06%.

“We expect subdued trading activity this week as investors adopt a cautious stance ahead of the 2027 Budget presentation, scheduled for Thursday, 12 November 2026, Databank Research said.

The fixed income market has seen tremendous activity this year following the upgrade of Ghana’s credit ratings by all the rating agencies.

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