- GFIM Turnover Rises to GH¢2.52 Billion as DDEP Bonds Dominate Trading
The Ghana Fixed Income Market recorded total turnover of GH¢2.52 billion on Thursday, April 30, 2026, as activity was led by Domestic Debt Exchange Programme bonds and Treasury bills.
Data from the trading session showed that total volumes across the market stood at GH¢2.52 billion, from 529 trades, reflecting sustained investor activity in government securities.
DDEP bonds dominated trading, recording turnover of GH¢1.62 billion from 40 trades, representing the largest share of market activity. Treasury bills followed with GH¢700.88 million traded across 447 transactions, making them the most active segment by number of trades.
Sell/buy-back trades in Government of Ghana notes and bonds recorded GH¢197.95 million from 34 trades, while corporate bonds recorded GH¢2.44 million from eight trades. There was no trading activity in new Government of Ghana notes and bonds or old Government of Ghana notes and bonds on the day.
The largest DDEP bond trade was recorded in the GOG-BD-10/02/32-A6148-1838-9.10, which posted turnover of GH¢1.21 billion from three trades. The bond closed at a yield of 12.59 per cent and an end-of-day closing price of 85.8860.
In the Treasury bills segment, the largest volume was recorded in the GOG-BL-20/07/26-A6948-1990-0, which traded GH¢124.63 million across four trades. The instrument closed at a price of 98.2554.
Corporate bond activity remained modest. The CMB-BD-31/08/26-A6303-1675-13.00 led the corporate segment with turnover of GH¢1.96 million from six trades, closing at a price of 101.2714.
In the sell/buy-back segment, the largest trade was in the GOG-BD-07/02/34-A6150-1838-9.40, which recorded turnover of GH¢47.00 million from a single trade. The transaction was priced at a weighted average closing price of 77.7493, with a yield of 14.20 per cent.
The trading pattern reinforces the continued importance of restructured government securities in Ghana’s fixed income market. DDEP bonds are now serving as a major liquidity anchor, with investors actively positioning across maturities and yield points.
Treasury bills, however, remain central to market breadth. Their high number of trades points to sustained demand for short-term instruments, particularly among investors seeking liquidity, predictable pricing and lower duration exposure.
The low level of corporate bond activity also highlights the continuing imbalance in Ghana’s debt market, where government securities still dominate secondary market liquidity while private-sector debt instruments trade thinly.
For investors, the April 30 session reflected a market still shaped by liquidity preference, post-restructuring bond repricing and selective participation in longer-dated securities. The strong showing in DDEP bonds suggests renewed appetite for restructured government paper, but corporate bonds remain far from becoming a major source of market depth.
Overall, the session showed a fixed income market led by government securities, with DDEP bonds driving value and Treasury bills driving trade count.
