Ghana’s bond market recorded a complete quantity of GH¢1.3 billion on Monday, Could 25, 2026, with 281 trades, with Treasury Payments accounting for the lion’s share of trades, making it the best quantity buying and selling day in latest Could buying and selling.
Treasury payments have been the most well-liked, with GH¢772.62 million traded in 241 transactions, accounting for about 59% of the day’s complete worth. Probably the most actively traded instrument on this class was February 2027 Payments, with GH¢402.23 million traded in 20 transactions at a closing value of 93.5999 with a closing yield of 9.12%.
Authorities of Ghana (GOG) be aware and bond promote and purchase again operations have been a constant driver of exercise all through latest buying and selling, and Monday was no exception. Promote/buyback transactions amounted to GH¢330.61 million in 26 transactions. The biggest single product on this class was the February 2032 GOG bond with a coupon of 9.10%, yielding 13.37% and shutting value of 83.2415, with GHF241.06 million traded in 12 transactions. This displays the low cost at which long-term bonds proceed to commerce in comparison with face worth.
Home Debt Change Program (DDEP) bonds contributed GH¢196.42 million in 9 transactions. Probably the most actively traded DDEP product was the February 2027 bond with an 8.35% coupon, with GHF157 million traded in six transactions. The product closed at a value of 98.4666 with a yield of 10.54%. This means that it continues to commerce at a small low cost to face worth.
New GOG bonds and bonds recorded a single transaction of 48,922 francs for a March 2033 12.50% coupon bond, with a yield of 12.37% and a value of 100.5441, simply above par. No transactions have been recorded within the Outdated GOG Notes and Bonds class.
The company bond contributed GH cents 1.56 million in 4 transactions, CMB-BD-28/08/28 had a coupon of 13.00% and ended at a value of 102.6542 because the benchmark instrument. Regardless of a three-fold improve in company bond buying and selling quantity within the first 4 months of 2026, this phase stays dominated by Treasury payments and authorities bonds, accounting for lower than 1% of complete GFIM buying and selling quantity in a given buying and selling interval.
Yields on medium- and long-term authorities bonds have declined considerably in comparison with the earlier yr, with the four-year bond yield falling from 21.21% in April 2025 to 10.27% in April 2026, and the five-year bond yield falling from 20.70% to 9.64%, reflecting the broader macroeconomic stabilization and decrease inflation which have characterised Ghana’s post-DDEP restoration part.
Though fewer trades have been recorded in Monday’s session than on Could nineteenth (318 vs. 281), complete turnover was larger (CHF1.30 billion vs. CHF1.26 billion), suggesting above-average deal sizes and a focus of institutional exercise. Outdated GOG banknotes and bonds recorded zero trades throughout the session.
