Trading on the Ghana Fixed Income Market reached GH¢943.64 million on Friday, September 11, 2026, with post-Domestic Debt Exchange Programme (DDEP) bonds and Treasury bills accounting for 93.40% of total turnover as investors concentrated activity in government securities.
The session recorded 290 transactions, with DDEP bonds leading turnover at GH¢464.17 million across 26 trades, representing 49.19% of the market. Treasury bills followed with GH¢417.23 million across 233 transactions, or 44.22% of total activity, while sell/buy-back transactions in Government of Ghana securities contributed GH¢59.29 million, equivalent to 6.28%.
Corporate bonds remained a small part of the session, generating GH¢2.19 million across eight trades, or 0.23% of total turnover. New Government of Ghana notes and bonds accounted for GH¢750,000 across three trades, representing 0.08%, while no activity was recorded in the old Government of Ghana notes and bonds segment.
Also read: Sosu demands probe into $260m cocaine shipment seized in France
The concentration of DDEP bond turnover in relatively few transactions points to sizeable institutional block trades. The February 11, 2031 DDEP bond carrying an 8.95% coupon was the most actively traded security in that segment, recording GH¢214.37 million across 11 transactions. That represented 46.18% of all DDEP turnover and 22.72% of total GFIM activity for the day.
The bond closed at a yield of 13.80%, down 15 basis points from an opening yield of 13.95%, with an end-of-day price of 84.27.
The February 10, 2032 DDEP bonds were the second-largest contributor, attracting GH¢107.25 million across four trades, equivalent to 23.10% of DDEP turnover. Its closing yield eased by 12 basis points to 14.11% from 14.23%, while the closing price stood at 81.40.
Activity was also significant in the February 13, 2029 bond, where GH¢60.00 million changed hands across two trades. The instrument’s yield edged one basis point higher to 13.01%. The February 7, 2034 DDEP bond recorded GH¢51.13 million in outright turnover, with its yield declining seven basis points to 14.66%.
Other DDEP bonds transactions included GH¢11.23 million in the February 12, 2030 maturity at a closing yield of 13.06%; GH¢8.32 million in the August 17, 2027 bond, where the yield closed at 10.10%; GH¢7.76 million in the February 3, 2037 security at 14.85%; and GH¢4.11 million in the February 15, 2028 bond at 11.75%.
Treasury-bill trading showed an even stronger maturity preference. The 364-day segment generated GH¢393.49 million, accounting for 94.31% of all Treasury-bill turnover. By comparison, 91-day bills recorded GH¢16.09 million, or 3.86%, while 182-day bills generated GH¢7.65 million, equivalent to 1.83%.
NorvanReports