The total volume exchanged on the secondary bond market for Government of Ghana papers lost steam last week.
Market turnover declined sharply by 68.0% week-on-week to GH¢564.40 million last week.
Notably, the decline in market activity was largely driven by an 83% week-on-week decrease in exchange activity across the belly of the LCY yield curve.
However, market activity returned to the shorter-dated securities, constituting half of the weekly aggregate market turnover.
Analysts expect exchange volumes to remain sluggish due to a shorter trading week following the Easter festivities.
However, they are optimistic that the positive Gross Domestic Product numbers for final quarter of 202 will likely trigger some market activity on the back of an improving economic outlook.
Latest Stories
-
Limited registration: EC instructs district officers to transition to offline mode
6 mins -
Bawumia promises to establish a Minerals Development Bank when elected president
7 mins -
Disney and Warner to bundle streaming services
17 mins -
Youth urged to prioritise skilled training for economic development
57 mins -
Gold Fields Ltd announces new leadership in Ghana
2 hours -
I disagree with unfettered access to court cases in live broadcast – Prof Appiagyei-Atua
2 hours -
Sulemana Braimah advocates gradual implementation of live courtroom coverage
3 hours -
Anti-LGBTQ+ bill: Allowing live coverage will reduce ‘pollution of proceedings’ – Dafeamakpor
3 hours -
GJA expresses concerns over live court coverage; fears abuse by some members
3 hours -
MFWA opposes uncontrolled access to live court proceedings for press
3 hours -
Ferry on Oti breaks down leaving drivers and passengers stranded
5 hours -
Fidelity Bank uplifts Abbeykope D/A Basic School with new classrooms and renovations
5 hours -
Nigeria invites bids for 12 new oil blocks, promises fair process
5 hours -
Achieving fair, violence-free elections is a collective responsibility- NCCE
5 hours -
I was too naïve to realize I was just a fling to him
5 hours