- Investors Pour GHS 1.16 Billion Into DDEP Bonds on GFIM
Trading activity on the Ghana Fixed Income Market closed at GHS 2.10 billion on Tuesday, June 9, 2026, with DDEP bonds accounting for the largest share of market turnover.
According to the daily trading report, total market volume stood at GHS 2.10 billion across 230 trades.
DDEP bonds dominated activity, recording GHS 1.16 billion in turnover from 25 trades, representing about 55.1 percent of total market volume.
Treasury bills followed with GHS 703.14 million across 197 trades, accounting for about 33.5 percent of total activity.
Sell-buy-back trades in Government of Ghana notes and bonds contributed GHS 240.90 million from eight trades, representing 11.5 percent of the day’s market volume.
There were no trades recorded in new Government of Ghana notes and bonds, old Government of Ghana notes and bonds, or corporate bonds.
The day’s activity reinforces the continued dominance of restructured government bonds and Treasury instruments on the fixed income market, as investors continue to reposition portfolios along the yield curve.
The largest single DDEP bond traded was the GOG-BD-12/02/30-A6146-1838-8.80, which recorded GHS 320 million in volume from two trades. The security closed with a yield of 13.40 percent and an end-of-day closing price of 86.90.
It was followed closely by the GOG-BD-07/02/34-A6150-1838-9.40, which recorded GHS 310.10 million in volume from five trades, with a closing yield of 14.77 percent and closing price of 75.74.
The GOG-BD-11/02/31-A6147-1838-8.95 also attracted significant investor interest, recording GHS 294 million from two trades at a closing yield of 13.65 percent and closing price of 84.06.
Another actively traded DDEP instrument was the GOG-BD-13/02/29-A6145-1838-8.65, which recorded GHS 191.71 million across six trades. It closed at a yield of 12.95 percent and price of 90.46.
In the Treasury bill segment, the largest volume was recorded by the GOG-BL-17/05/27-A7039-2007-0, which traded GHS 275.44 million in a single transaction. The bill closed with a yield of 10.42 percent and price of 91.09.
The GOG-BL-07/09/26-A6984-1997-0 followed with GHS 107.41 million across eight trades, closing at a yield of 5.02 percent and price of 98.77.
The GOG-BL-28/12/26-A6939-1987-0 also recorded strong activity, with GHS 97.47 million traded across 27 transactions. It closed with a yield of 7.57 percent and price of 95.97.
In the sell-buy-back segment, the GOG-BD-10/02/32-A6148-1838-9.10 led activity with GHS 215 million across three trades. The security traded at a yield of 14.34 percent and a weighted average closing price of 80.03.
The GOG-BD-15/02/28-A6144-1838-8.50 recorded GHS 22 million across three trades, while the GOG-BD-11/02/31-A6147-1838-8.95 recorded GHS 2.5 million in one trade.
The absence of corporate bond trades points to the continued thinness of private-sector debt activity on the GFIM compared with government securities.
Although Ghana’s fixed income market remains active, the trading pattern shows that liquidity remains heavily concentrated in sovereign and quasi-sovereign instruments, particularly DDEP bonds and Treasury bills.
For investors, DDEP bonds continue to offer opportunities for yield positioning, especially across medium- and long-dated maturities where prices remain below par.
For government, the sustained secondary market activity in restructured bonds is important because it helps improve price discovery, supports liquidity and provides signals on investor confidence in the domestic debt market.
However, the market’s continued dependence on government securities also highlights the need to deepen corporate bond issuance and improve private-sector participation in long-term domestic financing.
Overall, Tuesday’s trading session showed a market still led by sovereign debt instruments, with DDEP bonds driving more than half of activity and Treasury bills providing most of the transaction count.
The key signal from the session is clear: investors remain active in Ghana’s fixed income market, but liquidity continues to cluster around government-backed securities.
