Audio By Carbonatix
Activities in the secondary bond market surged 106% week-on-week to GH¢1.14 billion, up from last week's GH¢556 million.
This follows positive feedback from the US$370 million agreed under the International Monetary Fund’s staff-level agreement with the authorities.
General Category bonds continued to dominate volumes, with the February 2030 and February 2033 maturities accounting for 38% of total trades, yielding an average Yield-To-Maturity of 23.5%.
Overall, the short end of the LCY yield curve fell by 6% week-on-week to 53% of total trades, clearing at an average YTM of 23%.
The belly-to-tail end accounted for 47%, yielding 22%.
Analysts see recent activity driven by month-end bank rebalancing and rising investor confidence.
Near term, trading should remain modest as markets await the Finance Ministry’s revised medium-term debt strategy
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