Audio By Carbonatix
Market activity on the bond market was very slow last week.
According to trading results, investors continued to narrow their view on the secondary market with only five Government of Ghana (GoG) bonds trading on the Ghana Fixed Income Market (GFIM).
However, aggregate turnover rose 281.67% to ¢237.81 million as the February 2037 paper moved most volumes. It accounted for 91.44% of total face value traded.
Due to limited market activity, there was not much price action on the secondary market, as most trades were around par levels.
Analysts expect market activity to bounce back after the payment-in-kind valuation challenges on the new bonds are resolved.
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
-
Lithuania declares emergency situation over Belarus balloons
15 minutes -
Trump criticises ‘decaying’ European countries and ‘weak’ leaders
33 minutes -
Afroquality announces ‘Becoming Us’ – a first-of-its-kind PanAfrican micro series redefining how brands tell African stories
1 hour -
Government’s reduction of Lithium Royalty Rate from 10% to 5% raises serious concerns – APL
2 hours -
“Africa cannot afford to be a bystander” – Mahama
2 hours -
Halt ratification of revised lithium agreement between Ghana and Barari
2 hours -
Gov’t will continue to prioritise quality healthcare at all levels – Vice President
2 hours -
Why the NDC’s reduced Lithium Royalty Rate proposal is “Strange and Legally Baseless” – Africa Policy Lens
2 hours -
Your non-involvement enabled us to speedily approve our estimates – Ayariga trolls angry Minority
2 hours -
Christian Council commends government’s Sanitation Week initiative ahead of Christmas
2 hours -
Ghana risks losing about US$630 million if government reduces lithium royalty rate from 10% to 5% – Africa Policy Lens warns
2 hours -
Parliament approves budget allocations despite Minority’s chaotic scenes over Kpandai dispute
2 hours -
GhanaFest Europe debuts in The Hague, showcasing trade and culture
3 hours -
emPLE deepens regional impact with support for Special Project at ART X Lagos 2025
3 hours -
Commercial Curiosity: The Unseen Driver of Opportunity
3 hours