Ghana’s fixed income market recorded robust trading activity on July 24, 2025, led by government securities.
According to the Ghana Fixed Income Market (GFIM) daily report, new Government of Ghana (GOG) notes and bonds dominated volumes, reaching 231,236,000 GHS across four transactions.
Treasury bills followed with 76,958,583 GHS traded, while corporate bonds saw 40,600,000 GHS in activity.
The benchmark 2033 bond (GOG-BD-08/02/33-A6149) emerged as the most-traded instrument, closing at a yield of 15.56% and a price of 72.4723.
Treasury bills maturing in January 2026 (GOG-BL-19/01/26-A6813) attracted significant interest, with 21 trades totaling 76.9 million GHS. Corporate activity centered on Ghana Cocoa Board’s 2027 bond (CMB-BD-30/08/27-A6302), which saw a single 40.6 million GHS transaction.
Sell/buy-back trades for GOG bonds totaled 27.7 million GHS, primarily driven by the 2027 bond (GOG-BD-16/02/27-A6143). Collateralized repos and GMRA agreements reported no settled transactions for the day.
Market liquidity remained concentrated in longer-tenor instruments, reflecting investor appetite for yield amid stable macroeconomic conditions.
