Secondary market turnover up by 43.6% to GHS 3.41 billion

The secondary market witnessed a substantial uptick in turnover, with trading on the Ghana Fixed Income Market (GFIM) reaching GH¢3.41 billion—a notable weekly increase of 43.6%. This surge in trading activity marks the second consecutive week of improved performance in bond trading on the secondary market.

Bond trading saw a significant uptick, surging by 10.1% to GH¢1.38 billion, representing 40.6% of the total turnover. Notably, T-bills continued to dominate the secondary market, accounting for 59.4% of the total trades conducted during the week.

Investors displayed a marked preference for new bonds, which constituted a substantial 99.3% of the total value of bonds traded. Among these, the Feb-29 bond, featuring an 8.65% coupon, and the Dec-30 bond with an 8.8% coupon, were particularly active, commanding the highest trading volumes.

The data suggests that the secondary market for fixed-income securities in Ghana is experiencing increased activity, with new bonds and T-bills leading the way, reflecting investor sentiment and interest in these instruments.