Bond market: Activity eases by 12% to GH¢1.16bn

Activity in the secondary bond market eased by 12.20% week-on-week, with total volumes settling at GH¢1.16 billion last week.

However, modest price gains were recorded across the General Category bonds.

Overall, the shorter end of the local currency yield (LCY) curve accounted for 49% of total volumes.

The weighted average yield to maturity (YTM) eased 145 basis points to 20.63%.

The belly and tail segments made up 51% of volumes, with the average YTM closing at 20.44%.

Databank Research said it expects bond market pricing to strengthen further in the near term.

This will be supported by the recent World Bank financing and the upcoming August 2025 coupon payment.

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