Audio By Carbonatix
The secondary bond market recorded a notable uptick in trading momentum last week.
This led to an increase in market turnover by 23.56% week-on-week to ¢97.30 million.
According to trading results, the 2027-2030 maturities of the new bonds continued to attract high investor interest, accounting for 78% of the total face value traded in the market.
Last week, the bears strengthened their grip on the secondary bond market, exerting downward pressure on treasury bond prices across all segments of the new papers.
Analysts believe market activity could pick up due to the improving risk profile of the government, as Moody’s upgrade of Ghana's local currency issuer ratings to Caa3 from Ca.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
1,600 health workers under consideration for deployment this year – Health Minister
9 minutes -
Only 11.8% of private schools in Ghana teach Ghanaian languages, report shows
15 minutes -
KATH doctors suspend strike after Asantehene’s intervention
19 minutes -
Bonn Climate Talks: COP31 Presidency announces “35% by 2035” electrification target
27 minutes -
Flooded Obom-Odunkwa bridge leaves residents stranded as commuters charged to cross
35 minutes -
The Filth trap: How abrogating the Zoomlion deal is drowning Accra in its own waste
37 minutes -
2 dead, woman critically injured in illegal mining pit collapse at Asante Akyem
37 minutes -
Health workforce tripled, but rural distribution gaps still persist – Health Minister
39 minutes -
Residents urge action on deplorable roads in Manso Nkran mining community
49 minutes -
Prudential Bank CIO wins ‘Master Category’ at World CIO 200 Summit
1 hour -
Rethinking Artificial Intelligence and the nature of intelligence itself
1 hour -
Ghana’s brown oceans are a warning – EPA leads call to protect Amanzule wetland
1 hour -
Emirates brings its Travel Rehearsal programme to Ghana, pioneering accessible travel
2 hours -
GNFS supports safe demolition of dilapidated four-storey building in Osu
2 hours -
Sedina’s extradition from US shows absconding will not shield accused persons – Tuah-Yeboah
2 hours