Audio By Carbonatix
Market activity on the Government of Ghana (GoG) bonds rebounded last week after a slump in the previous week.
The market recorded only trades in the new bonds, and total volume traded rose 14.85% to ¢150.86 million.
The yield curve shifted downward as the new bonds traded around par levels.
Yields on the 2027-2030 and 2031-2034 maturities declined by 228 basis points (2.28%) on average, while the 2035-2038 maturities saw an average yield decline of 115 basis points (1.15%).
Analysts believe interest in the new bonds will continue to build up as the work on incorporating the payment-in-kind component of the new Government bonds onto Bloomberg and Central Securities Depository continues.
Meanwhile, money market yields declined across tenors, with the 91- day and the 364-day at 20.00% and 22.85%, respectively.
The resumption of debt service on domestic bonds will boost liquidity and support corporate issuers.
Latest Stories
-
Scaled-down Independence Day celebration to cost GH¢1.5m – Kwakye Ofosu
3 minutes -
Mahama urges Ghanaians to reject dishonest wealth and embrace integrity
4 minutes -
Andrew Tandoh-Adote reprises role in ‘Black Star: the Teacher of Africa’ on March 8
12 minutes -
Ntim Fordjour calls for unity and patriotism after Ghana’s 69th Independence Day
19 minutes -
23 illegal miners , including four women , arrested for polluting Oda River
22 minutes -
Ghana attracting growing global attention ahead of 70th independence – KOD
30 minutes -
Africa must pay more attention to women’s health – Cancer Expert
36 minutes -
69 years after independence: Ghana’s freedom must deliver opportunity for its youth.
48 minutes -
Analysis: Why foreign countries are pressuring Ghana over its gold royalties
49 minutes -
Ghana’s democracy still a work in progress – Prof Osae-Kwapong
55 minutes -
Don’t cut down your cocoa trees due to the price cut – John Dumelo appeals to farmers
1 hour -
A Plus launches Gomoa Easter Carnival; event set for April 2 to 5
1 hour -
MTN Ghana Foundation hands over GH¢15m accident and emergency expansion to Ho Teaching Hospital
1 hour -
Preserving history key to national unity and development – UNESCO rep
1 hour -
Kukubuso Basic School in shambles: Dilapidated buildings pose grave danger to students, teachers
1 hour