Bond market: Trading activity rebounds; total market turnover hits record ¢1.26bn

October 25, 2023 / Comments (0)

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Trading activity for the Government of Ghana bonds rebounded after losing significant steam in the prior week.

Impressively, the total volume traded advanced significantly, reaching a post-Domestic Debt Exchange Programme (DDEP) record high of ¢1.26 billion.

The February 2028 (coupon: 8.5%) and February 2030 (coupon: 8.8%) papers constituted 87% of total market turnover.

The 2027 to 2030 tenors traded around a weighted average yield of 14.46%, while the 2031 to 2033 papers were exchanged at 13.52%.

With investors gradually regaining confidence in the Ghanaian economy, the bond market is likely to continue to record improved trading activity this week.


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