Key Drivers of Corporate Bond Performance in Ghana: Evidence and Policy Implications.

This research paper investigates the fundamental drivers of corporate bond performance in Ghana, with a focus on both macroeconomic and firm-level determinants. It explores the influence of interest rate fluctuations, inflation trends, exchange rate dynamics, market liquidity, and institutional quality on bond yields, spreads, and investor behavior. The paper leverages Ghana’s post-COVID recovery period and recent debt restructuring context to provide data-backed insights for policymakers, institutional investors, and credit analysts. Through comparative analysis and policy-oriented discussion, it contributes to the literature on bond market development in emerging economies and offers a framework for strengthening financial resilience and capital market performance in Ghana.