Audio By Carbonatix
Trading of Government of Ghana papers in the local bond market remained robust last week.
The total weekly volume traded improved 10.34% week-on-week to a new post-Domestic Debt Exchange Programme high of ¢1.39 billion.
Investors shifted focus from the February 2028 (coupon: 8.50%) paper to the February 2028 (coupon: 8.65%) bond, which accounted for 40% of total market turnover.
Notably, the average yield for the 2027 to 2030 tenors increased by 210 basis points to 16.56%, while the 2031 to 2034 papers traded around 14.00%, up by 49 basis points.
Analysts expect trading activity to remain lively in the bond market this week, as investor confidence in the Ghanaian economy steadily strengthens.
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
-
Surveillance provisions in Security Bill ‘deeply troubling’ – Minority
7 minutes -
Security Bill risks politicisation and weak financial accountability – Minority
11 minutes -
Churches to be monitored via digital registry – Local Gov’t Minister
16 minutes -
Security Bill flawed; centralises excessive power in presidency – Minority
21 minutes -
Pressure will mount on Gold Board model as BoG exits gold trade financing – Finance Prof
22 minutes -
Accountability Forum calls for forensic audit in COCOBOD finance
33 minutes -
UBA unveils diaspora platform to connect global Africans with investment, wealth opportunities
33 minutes -
What the deadly Burkina Faso ambush says about our unfinished Agric Promises
34 minutes -
Unity is panacea to retain party in government – Asiedu Nketia to NDC faithful
35 minutes -
Gov’t skills training programme creates employment and income opportunities – Muntaka
36 minutes -
Prioritise dignity over sensationalism in reporting on children – Media urged
39 minutes -
COCOBOD’s financial woes linked to cocoa road contracts – Roads Minister Agbodza
40 minutes -
NDC urges cocoa farmers to remain calm amid price drops
42 minutes -
Runway expansion at Kotoka gathers pace, promises major aviation boost
45 minutes -
Ghana moves to allow dual citizens in key public offices
46 minutes