Bond market turnover falls 59% to GHS377.59m
Ghana's bond market saw a 59% drop in turnover to GHS377.59 million. Most trading was in shorter-term bonds maturing between 2027 and 2030. This slowdown comes as the government prepares to sell new long-term bonds. Investors are waiting for clearer pricing signals from these new issues.
Most of the trading happened in specific bonds. These bonds mature between 2027 and 2030. They made up 88.98% of all traded bonds. Their average yield, or return, was 10.73%. Bonds maturing from 2031 to 2034 accounted for 11.02% of turnover. Their average yield was 12.22%. There was no trading in bonds maturing between 2035 and 2038.
This decrease in activity follows a government announcement. The government plans to return to the primary market. This means it will issue new long-term bonds to raise money. Market experts believe activity will stay low for a while. Investors are waiting for information on these new bonds. They want to see what yields they will offer. A clear signal on new bond pricing will likely increase market turnover.
Source: StatsGH — Ghana's data-driven news platform