Ghana’s fixed income market recorded total trading activity of GH₵1.44 billion on Friday March 13, 2026, with sell/buy-back transactions on Government of Ghana (GoG) bonds accounting for the dominant share of the day’s volume as institutional investors continued to actively manage their debt portfolios.
According to the Ghana Fixed Income Market (GFIM) trading report, sell/buy-back trades on GoG notes and bonds contributed GH₵951.68 million across 30 transactions, making them by far the largest segment of the session. Treasury bills followed with GH₵350.77 million across 853 trades, while new GoG notes and bonds recorded GH₵137.34 million across 35 transactions. Corporate bond trading was thin at GH₵217,800 across just two deals.
The most actively traded instrument in the new GoG notes and bonds segment was the 2023-GC-1 bond maturing on February 16, 2027, which recorded the highest volume at GH₵106.48 million across 12 trades. Its closing yield tightened slightly to 10.19% from an opening of 9.86%, with a closing price of GH₵98.37.
In the sell/buy-back segment, the benchmark 2023-GC-6 bond maturing February 10, 2032 dominated with GH₵680.44 million across five transactions at a yield of 13.29% and a weighted average closing price of GH₵83.13.
Treasury bill activity was concentrated in the 364-day segment. The GOG-BL-22/02/27 bill recorded the highest T-bill volume at GH₵85.77 million across 19 trades, closing at a price of GH₵91.77, consistent with the prevailing low-yield environment that has reshaped the short end of the curve in recent weeks.
In the corporate bond segment, two Ghana Cocoa Board (CMB) bonds changed hands. The CMB-BD-30/08/27 bond traded 118,500 units in one deal at a closing price of GH₵103.05, while the CMB-BD-31/08/26 bond traded 99,300 units at GH₵100.94.
Across the new GoG bond curve, closing yields ranged from 10.19% on the short 2023-GC-1 instrument to 12.84% on the 2023-GC-11 bond maturing in 2037, reflecting a normal upward-sloping yield structure. Dollar-denominated domestic debt issuances, the USD-DDE series maturing in 2027 and 2028, closed at yields between 6.02% and 10.27%, with volumes of approximately 7.33 million units each across three trades.
No trades were recorded in the old GoG notes and bonds segment for the session.
