Ghana’s Domestic Bond Yields Fall as Inflation Data Spurs Demand

Ghana’s domestic bond yields extended declines on Thursday after the West African nation reported inflation dropped to the lowest in more than three years.

Yields on the country’s six-year cedi bond due 2029 fell 131 basis points to 18.93% at 6:05 p.m. in the capital, Accra, the lowest since Bloomberg began compiling the data. The rate on 14-year notes maturing in 2037 eased a third day by 7 basis points to 18.61%.