- Treasury Bills Continue to Dominate GFIM Trading as Market Turnover Tops GH¢2.11bn
Treasury bills once again drove activity on the Ghana Fixed Income Market on Wednesday, 15 April 2026, accounting for the overwhelming share of turnover as total market volume reached GH¢2.11bn across 7,391 trades.
Data from the trading report shows treasury bills recorded GH¢1.58bn in traded volume from 7,316 deals, making the short end of the market the clear centre of investor activity for the session. That was followed by DDEP bonds, which posted GH¢465.64m in volume across 55 trades.
Trading in sell-buy-back transactions involving the Government of Ghana bonds added GH¢62.47m from 10 trades, while corporate bonds contributed GH¢3.83m over eight trades. New Government of Ghana notes and bonds were largely quiet, with just GH¢546,022 traded across two deals. There was no turnover in old Government of Ghana notes and bonds.
The single largest trade on the day came from the treasury bill market, where the GOG-BL-13/07/26-A7005-2002-0 bill posted traded volume of GH¢681.64m across 1,867 trades, with a closing price of 98.8590.
Within the DDEP bond segment, the most actively traded instrument was GOG-BD-16/02/27-A6143-1838-8.35, which recorded GH¢299.99m in volume over 37 trades. It closed at a yield of 10.84 percent and a price of 98.0221.
In the sell-buy-back market, GOG-BD-13/02/29-A6145-1838-8.65 led activity with GH¢55.53m traded across six deals, closing at a yield of 12.1 percent and a price of 91.8733.
Corporate bond activity was concentrated in a single instrument. CMB-BD-31/08/26-A6303-1675-13.00 accounted for the segment’s full GH¢3.83m turnover over eight trades, ending the session at a closing price of 101.3670.
In the new Government notes and bonds category, the only notable activity came from GOG-BD-29/03/33-A6155-2001-12.50, which traded GH¢546,022 in volume across two deals, closing at a yield of 12.2 percent and a price of 101.3732.
The trading pattern suggests that market liquidity remained heavily concentrated in treasury bills, with investors continuing to favour shorter-dated instruments over the longer end of the curve.
