Audio By Carbonatix
The total volume exchanged on the secondary bond market for Government of Ghana papers declined by 83.21% week-on-week.
This reflected the lowest market turnover of GH¢174.41 million in 20 weeks.
The bond exchanges recorded for the week were almost evenly spread across the front and the tail end of the LCY yield curve, with no transaction at the belly of the curve.
The government during the week paid off coupon obligations on the new bonds, releasing a total of about GH¢5.1 billion to investors.
Analysts expect exchange volumes on the bond market to improve following the payment of coupons on the new bonds.
Meanwhile, depending on market conditions, the government may issue 2-year to 7-year notes in March 2024.
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
-
Every year, the lawyers come out, and so does the nonsense! – Ace Ankomah writes
26 seconds -
Digital transformation without an ownership culture can digitise poor service
4 minutes -
Fishing communities demand revocation of offshore gold exploration licences over livelihood concerns
7 minutes -
How Ghanaian tycoon Manoj Lakhiani built a water and plastics empire from a $25,000 loan
8 minutes -
GoldBod recovers GH¢38.7m of GH¢55.8m outstanding receivables; remainder subject to legal action – Sammy Gyamfi
15 minutes -
GEXIM Bank donates GH¢200,000 worth of medical equipment to Korle-Bu Child Health Department
18 minutes -
Majority rejects Minority’s claims over GH¢49.7m South Africa evacuation
20 minutes -
GEXIM urges banks to support refurbishment of Korle-Bu Teaching Hospital’s Child Health Department
23 minutes -
Don’t appoint your cheerleader as referee
27 minutes -
Ghana needs stronger international cooperation to fight cybercrime – CSA
29 minutes -
CSA warns of growing cyber threats as Ghana’s digital dependence increases
36 minutes -
USTED dean warns GAUA strike could disrupt Ghana’s restored academic calendar
49 minutes -
Bechem meat processing factory 50% complete, set for March 2027 completion – Kwakye Ofosu
1 hour -
NDC can appoint whoever they want to EC, but Ghanaians will make a decision in 2028 – Titus Glover
1 hour -
GoldBod initiative has created over 1,300 public and private sector jobs – Sammy Gyamfi
1 hour