Ghana’s fixed income market recorded total turnover of GH¢1,979,603,908 across 422 transactions on Monday, March 16, 2026, as sell/buy-back trades on government bonds dominated activity and treasury bills attracted the highest volume of outright transactions.
The Ghana Fixed Income Market (GFIM) session was anchored by sell/buy-back trades on Government of Ghana (GoG) notes and bonds, which accounted for GH¢1,358,085,911 across 37 transactions, representing more than two-thirds of total market turnover. The most actively traded instrument in this category was the GOG-BD-10/02/32 bond, maturing in February 2032 and carrying a coupon of 9.10 per cent, with GH¢1,220,944,256 changing hands across three trades. The bond’s yield was recorded at 13.52 per cent against a closing price of 82.3387, reflecting the discount at which the longer-dated paper continues to trade relative to face value.
Treasury bills dominated outright government securities trading, with GH¢520,867,756 worth of transactions recorded across 363 deals. The highest-volume treasury bill instrument was the GOG-BL-18/01/27 bill, which attracted GH¢366,579,432 across 28 trades at a closing price of 92.5934.
New GoG notes and bonds recorded GH¢100,154,821 in turnover across 19 transactions. The most actively traded instrument in this segment was the GOG-BD-15/02/28 bond, carrying a coupon of 8.50 per cent and maturing in February 2028, with GH¢93,455,689 traded across 17 deals. The bond’s yield was recorded at 10.51 per cent with a closing price of 96.53946.
Corporate bonds registered the lightest activity of the session, with GH¢495,420 traded across three transactions. The CMB-BD-31/08/26 corporate bond, carrying a coupon of 13.00 per cent and maturing in August 2026, closed at 100.4230, trading at a slight premium to par value.
The session’s data reflects continued investor preference for short-duration instruments and active repo market activity, consistent with the cautious positioning seen across Ghana’s fixed income market ahead of the Bank of Ghana’s Monetary Policy Committee decision expected on Wednesday.
