Audio By Carbonatix
Trading activity declined further on the secondary bond market for Government of Ghana papers as investors took cautious positions in the first week of 2024.
Investors traded a total face value of GH¢840.63 million, representing a week-on-week decline of 30.69%.
Notably, the total volume traded was almost evenly spread across the yield curve, with each segment contributing about 32%.
The front end of the LCY yield curve declined for the fourth straight week to 15.29% (-221 basis points), while the belly advanced to 18.55% (+217bps).
Analysts expect investors to remain cautious as the market awaits the announcement of the December 2023 inflation and feedback from the official creditors’ committee meeting.
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
-
Togbe Afede XIV lauds government’s $10bn ‘big push’ programme for boosting farm produce transport
1 hour -
FDA urges consumers to prioritise safety when purchasing products during festive season
1 hour -
President Mahama calls for single-digit interest rates on agricultural loans
1 hour -
President Mahama urges Ghanaians in formal jobs to take up farming
2 hours -
Farming interventions paying off, lifting incomes and food security, says Agric minister
2 hours -
Gov’t pledges science-backed interventions in agriculture, says Agric minister
2 hours -
Ghana unveils $3.4bn plan to accelerate national clean energy transition
2 hours -
Interior minister urges security agencies to maximise use of new NSB regional command in Ho
2 hours -
Photos: Ghana celebrates 41st National Farmers’ Day
2 hours -
2025 Farmer’s Day: Farmers demand a 2% interest rate on loans to boost farming activities
2 hours -
Chamber of Aquaculture Ghana calls for strong public-private partnerships to unlock finance and transform the sector
3 hours -
Lions celebrate International Volunteer Day with over decades of service and impact
3 hours -
3 dead, dozens injured in Mampong Abuontem head-on collision
3 hours -
MoFFA shuts down several Eastern Region mortuaries over poor sanitation, non-compliance
3 hours -
Domestic violence case: John Odartey Lamptey remanded over alleged brutal assault on wife
3 hours