Audio By Carbonatix
Activity on the secondary bond market slowed down as the total market turnover on Government of Ghana (GoG) bonds dipped 57.1% week-on-week to ¢503.05 million.
The slump in market activity was primarily due to a shorter trading week and dimmed market activity due to the ongoing Domestic Debt Exchange Pogramme.
The belly of the yield curve recorded the most activity, with the November 26, 2022 paper accounting for 37.46% of aggregate market turnover.
Analysts expect quiet sessions this week on the market as the government has extended the deadline for Domestic Debt Exchange to January 31, 2022.
More bids are expected for corporate bonds as offers continue to dry up.
With upcoming maturities, a 3-year GoG bond is expected to mature in March 2023 at a yield of 45.03%, whilst another 3-year GoG bond trading at 40.99% will mature in April 2023.
Latest Stories
-
NSA extends 2026/2027 National Service registration deadline to October 23
2 minutes -
Mahama reaffirms commitment to private investment and industrial growth
18 minutes -
‘We have been used and dumped’ – NDC’s James Agbey warns over grassroots neglect
27 minutes -
Ghana defender Marvin Senaya begins training ahead of comeback
30 minutes -
Joyce Bawah Mogtari urges women leaders to build strong support networks
47 minutes -
Bawumia engages GUTA over import duties, VAT and rising business costs
47 minutes -
Fuel prices begin to fall as Star Oil cuts petrol to GH¢16.45
49 minutes -
GoldBod supplies banks with US$282m in weekly forex sales
50 minutes -
Joyce Bawah Mogtari says Obaasima Conference should help women connect and learn
51 minutes -
Ghana’s Crude Oil Production Rebounds by 30% After Five Years of Decline
1 hour -
Nzema East launches Responsible Cooperative Mining Programme to tackle environmental destruction
1 hour -
Ghana included in WHO lead-testing programme as questions remain over local exposure risks
1 hour -
2026 Amputee World Cup: We will win the trophy – Samson Deen
2 hours -
Controller and Accountant-General pays promotion arrears to 56,003 GES teachers ahead of deadline
2 hours -
2026 Amputee World Cup: We want to make the continent proud – Black Challenge coach
2 hours