Bond Market: Secondary activity eases 2.67% to GH¢1.23bn

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Activity in the secondary bond market declined by 2.67% week-on-week to GH¢1.23 billion, down from GH¢1.26 billion.

Trading remained concentrated in the General Category bonds, with prices on the February 2027 maturity firming into the low-80 price range and clearing at an average yield of 20%.

The 2027–2030 bucket accounted for 39% of total volumes, trading around a 20% average yield.

Longer-dated maturities (2031, 2038) dominated with a 61% share, clearing at an average yield of 21%.

Analysts expect improved secondary bond market activity as the recent upgrade of Ghana’s Long-Term Foreign Currency Debt Rating from ‘SD’ to ‘CCC+’ by S&P boosts investor confidence.

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