Source: Africa Publicity
Ghana is set to make a comeback to the domestic bond market in the second quarter of 2025. This move is likely a strategic effort to tap into local investments and boost the country’s economic growth.
The domestic bond market has shown signs of rebounding, with investor confidence increasing after the successful completion of the Domestic Debt Exchange Programme (DDEP) . In December 2023, the market witnessed a significant surge in activity, with total market turnover in the secondary bond market recovering by 18.09% week-on-week to GH¢1.40 billion.
As the government prepares to return to the domestic bond market, analysts predict continued activity and a potential rise in yields. The Treasury-bill auction has also seen substantial investor participation, with bids exceeding the gross target by GH¢207.4 million .
Ghana’s economic growth has been expanding, with a 7.2% growth rate in the third quarter of 2024 . The government’s return to the domestic bond market is expected to support this growth trajectory.
Key Highlights:
– Domestic Bond Market Rebound: Investor confidence is increasing, with a surge in activity in the secondary bond market.
– Government Return: Ghana plans to return to the domestic bond market in the second quarter of 2025.
– Economic Growth: Ghana’s economy is expanding, with a 7.2% growth rate in Q3 2024.
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