Ghana Cedi

Domestic Bond Index

Ghana

The Blackstar Domestic Bond Index (DBX) is a market value-weighted index that tracks the performance of cedi-denominated Government of Ghana bonds and notes traded on the Ghana Fixed Income Market (GFIM). It includes only fixed-rate bonds with a minimum maturity of one year, all of which must be listed on the GFIM and denominated in Ghana Cedis. The index is rebalanced monthly, and bond prices are determined using an average of bid and ask prices from selected financial institutions, ensuring that the index remains accurate and reflective of current market conditions.  As a key benchmark, the DBX provides essential insights into the performance and risk characteristics of Ghana's government debt instruments. It serves as a valuable tool for investors, offering a reliable reference for both active and passive bond portfolios and aiding in the benchmarking of index-linked products.