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
-
Ashanti ECG leadership hit by major shake-up amid intermittent power cuts
31 minutes -
 Ghana’s new AI strategy: Bold vision, effective implementation holds the Key
33 minutes -
Energy Minister orders GRIDCo CEO to step aside pending probe into Akosombo substation fire
47 minutes -
Water crisis deepens in Savelugu as changing weather patterns worsen shortages
2 hours -
Mineworkers Union rejects reported contract mining directive for Newmont, AngloGold, Zijin
2 hours -
Cocoa farmers’ average 61% share of world price inadequate — Policy consultant
2 hours -
Ghana not obliged to implement IMF advice on cocoa sector reforms – Nick Opoku
3 hours -
East Mamprusi MCE to engage Gbintri stakeholders over market revenue collection suspension
3 hours -
14 honoured for excellence in weather and climate leadership Across Africa
3 hours -
African meteorological community celebrates launch of new continental journal
3 hours -
ECOWAS condemns terrorist attacks in Mali, calls for regional unity
3 hours -
Kalibi festival blends Sankana’s history of resistance with renewed push for development
3 hours -
Old Tafo begins 15 mechanised boreholes, 39 more left to reach 54-borehole target
3 hours -
Fatherhood on Trial: The silent crisis of DNA truths and hidden paternity
3 hours -
JoyNews’ Mohammed-Nurudeen honoured with AfMS continental award
4 hours