The secondary bond market regained steam last week, as trading in Government of Ghana (GoG) papers reached ¢1.17 billion.
This represented 11.86% growth week-on-week.
Investors exchanged 78% of the aggregate volume traded across the front end of the Local Currency Yield curve.
On average, bond yields held steady on the market, with the 2027- 2030 weighted average yield gaining a basis point to 21.12.
Analysts expect trading to remain active across the shorter-dated bonds, while investors look forward to GoG’s budget for 2024 this week.
A promising 2024 Budget is expected to boost trade on the market.
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