Financial research organization providing analysis and forecasts on Ghana's bond market activity, currency movements, and forex conditions.
Verbatim sentences from the source article.
Joy Online
… Databank Research expects the moderate pickup in secondary bond yields to sustain investor interest in the near term, as improved return levels enhance market appeal. …
Bond market: Turnover rebounds strongly by 240% to GH¢1.62bnJoy Online
… Compounding this effect is the increasing demand for US dollars as central banks continue to liquidate non-dollar assets to meet higher import costs, driven by persistently elevated refined crude oil prices”, said Databank Research. …
Cedi remains under pressure despite BoG’s intervention; one dollar going for GH¢12.40 at forex bureausBusiness & Financial Times
… Analysts at Databank Research attributed the latest inflation increase largely to cost-push pressures filtering through the economy. …
Rate-cut window narrows on inflation pressuresJoy Online
… and tail (2035–2038) accounted for 14% of volumes traded at a weighted YTM of 12.34%. “We believe softer week-on-week turnover was driven by the holiday period, with participants tilting towards shorter-duration instruments amid a gradual uptick in yields”, said Databank Research …
Bond market: Turnover declined by 17% to GH¢475mJoy Online
… Databank Research said it expects the secondary bond market activity to remain selective, ahead of the 20th May Monetary Policy Committee announcement of developments in the Ghanaian economy as investors await clearer policy guidance.
Bond market: Turnover falls 67.70% to GH¢404.41mJoy Online
… However, Fitch’s upgrade of Ghana’s sovereign rating to ‘B’ from ‘B-’ with a Positive Outlook should provide some support to investor sentiment”, said Databank Research.
Bond market: Turnover falls by 46% to GH¢1.25bnJoy Online
… Databank Research said the performance of the cedi is broadly in line with its forecast. …
Cedi slips marginally despite relatively anchored expectations; one dollar equals GH¢11.90 at forex bureausJoy Online
… Overall, Databank Research expects trading activity to remain selective, with investor demand concentrated in the front-to-belly segment as appetite for longer-duration bonds remains limited.
Bond market: Turnover rebounds strongly rising by 319% to GH¢2.34bnJoy Online
… r of GH¢15.52 million at a weighted-average yield of 12.10%. “We anticipate a pickup in secondary market activity this week, driven by end-of-month portfolio rebalancing flows, which should support improved liquidity and stronger turnover across the curve”, said Databank Research …
Bond market: Turnover declines by 66% to GH¢559mJoy Online
… Broadly in line with its earlier view, Databank Research said the mounting import demand continues to weigh on the cedi as traders restock ahead of mid-year consumer demand. …
Cedi extends depreciation trend for past two weeks; one dollar equals GH¢11.85 at forex bureausSecondary-market activity strengthened markedly, with turnover increasing 177.86% week-on-week to GH¢5.01 billion, driven mainly by 2027-2030 maturities (58.93% of trades). Databank Research expects momentum to continue supported by month-end rebalancing, an anticipated IMF disbursement of US$318 million, and the Mid-Year Budget's GH¢30 billion sinking-fund commitment.
28 July 2026 · Joy Online →
Secondary-market activity strengthened markedly, with turnover increasing 177.86% week-on-week to GH¢5.01 billion, driven mainly by 2027-2030 maturities (58.93% of trades). Databank Research expects momentum to continue supported by month-end rebalancing, an anticipated IMF disbursement of US$318 million, and the Mid-Year Budget's GH¢30 billion sinking-fund commitment.
28 July 2026 · Joy Online →
The Ghana cedi depreciated by approximately 9.5% against the US dollar in the interbank market over the first seven months of 2026, trading at GH¢11.55 per dollar in July 2026 compared with GH¢10.50 in July 2025. In the retail market, the cedi has gained about 0.50% in value since January 2026 and presently trades at GH¢12.20 per dollar.
22 July 2026 · Joy Online →
The Ghana cedi depreciated 1.39% against the US dollar in the interbank market over the past two weeks, closing at GH¢11.55 per dollar, but remained broadly stable in the retail market at GH¢12.05 per dollar. Databank Research attributes the weakness to sustained pressure on derived demand outpacing policy-anchored forex supply.
21 July 2026 · Joy Online →
The Ghana cedi depreciated 1.39% against the US dollar in the interbank market over two weeks but remained unchanged at GH¢12.05 in the retail market. Databank Research attributes the modest interbank weakness to sustained pressures on derived demand outpacing policy-anchored forex supply, with the cedi expected to remain broadly stable within the GH¢11.40 to GH¢11.70 range.
21 July 2026 · Joy Online →
Secondary market activity in Ghana's bond market surged 56.45% week-on-week to GH¢2.44 billion, with trading concentrated in 2031–2034 maturities accounting for 66.19% of turnover at 14.07% average yield. Databank Research expects secondary bond market activity to gain further traction in the near term amid favourable liquidity conditions.
15 July 2026 · Joy Online →
Secondary bond market turnover increased by 56.45% week-on-week to GH¢2.44 billion, with trading concentrated in 2031-2034 maturities (53.24% of volume) and 2027-2030 segment (44.40%). Databank Research expects secondary market activity to remain supported by the government's planned net issuance of GH¢15.39 billion in Q3 2026.
7 July 2026 · Joy Online →
Secondary market activity declined sharply week-on-week, with turnover dropping 71.11% to GH¢1.56 billion, concentrated in 2031–2034 maturities. Databank Research attributes the slowdown to higher Treasury bill yields and expects recovery this week as portfolio managers rebalance positions.
30 June 2026 · Joy Online →
Secondary market turnover declined by 24.52% week-on-week to GH¢5.41 billion, with trading concentrated in the 2031-2034 maturity bucket at 67.69% of activity. Databank Research attributes the decline to market normalisation rather than a shift in sentiment, and expects end-of-month portfolio rebalancing to support activity ahead.
23 June 2026 · Joy Online →
The Ghana cedi recovered strongly against the US dollar over two weeks, with year-to-date losses declining from about 11% to roughly 6%, supported by foreign exchange supply from the Bank of Ghana. In the retail market, the cedi firmed to GH¢12.05 per US dollar, and analysts expect further support toward GH¢10.90 per dollar as remaining forex allocations are disbursed.
22 June 2026 · Joy Online →
Secondary market activity rebounded sharply, with turnover rising by 343.17% week-on-week to GH¢7.16 billion, the highest level since the Domestic Debt Exchange Programme. Databank Research attributes the pickup to improved pension-related liquidity and more attractive yield levels, expecting secondary market activity to remain supported in the near term.
16 June 2026 · Joy Online →
Secondary market turnover rebounded strongly by 240.60% week-on-week to GH¢1.62 billion, led by 2027–2030 maturities at 57.67% of total trades. Databank Research expects moderate yield increases to sustain investor interest, with demand likely remaining concentrated in the near-maturity segment.
9 June 2026 · Joy Online →
The cedi depreciated over a two-week review period, with the dollar rising to GH¢11.85 in the interbank market and GH¢12.30 in retail markets, driven by heightened demand pressures and central bank efforts to stabilize the currency through approximately US$1.1 billion in forex intervention during May 2026.
8 June 2026 · Joy Online →
Ghana's headline inflation rose to 3.7 percent year-on-year in May from 3.4 percent in April, driven by food, energy, and imported cost pressures, narrowing the case for further monetary easing by the Bank of Ghana despite inflation remaining below its medium-term target band.
8 June 2026 · Business & Financial Times →
Weekly trade activity in Ghana's secondary bond market declined 17.27% to GH¢475 million due to holiday-induced pauses and thinner participation. Shorter-maturity instruments (2027–2030) dominated with 86% of volumes at a weighted YTM of 11.27%, while Databank Research expects cautious trading ahead of the May 2026 inflation announcement.
2 June 2026 · Joy Online →
Secondary bond market activity fell sharply week-on-week, with aggregate turnover declining to GH¢404.41 million, concentrated in 2027-2030 maturities at 11.05% weighted-average yield. Databank Research expects activity to remain selective ahead of the 20 May Monetary Policy Committee announcement.
19 May 2026 · Joy Online →
Secondary bond market aggregate turnover fell 46.60% week-on-week to GH¢1.25 billion, with the 2027-2030 maturity segment accounting for 88.77% of activity at a weighted-average yield of 11.25%. Analysts expect activity to remain concentrated in the front-to-belly segment ahead of the May 2026 MPC meeting, though Fitch's sovereign rating upgrade of Ghana should support investor sentiment.
12 May 2026 · Joy Online →
The Ghana cedi depreciated 1.64% against the dollar to GH¢11.28 in the interbank market over a two-week period, with year-to-date depreciation averaging 7.8% against major currencies as of 8 May 2026. Databank Research attributes the weakness to sustained import demand and cautious forex supply, though expects the cedi to remain within a GH¢10.95-11.35 range pending IMF approval of a US$385 million Extended Credit Facility.
11 May 2026 · Joy Online →
Secondary market activity rebounded strongly during the week, with aggregate turnover rising 319.43% week-on-week to GH¢2.34 billion, largely driven by end-of-month portfolio rebalancing. Trading remained concentrated in front-to-belly curve segments, with 2031-2034 maturities accounting for 56.34% of total turnover.
5 May 2026 · Joy Online →
Ghana's secondary bond market turnover declined 66.88% week-on-week to GH¢559 million, with trading concentrated in the 2027–2034 maturities while the long end remained largely inactive. Databank Research expects improved activity this week driven by end-of-month portfolio rebalancing.
28 April 2026 · Joy Online →
The Ghana cedi weakened over the past two weeks with volatility of approximately 0.5%, recording a mid-rate of GH¢11.09 against the dollar in the interbank market and GH¢11.93 in retail rates. Since the beginning of the year, the cedi has lost approximately 2.55% of its value against the dollar, with analysts attributing pressure to mounting import demand as traders restock ahead of mid-year consumer demand.
28 April 2026 · Joy Online →