Audio By Carbonatix
Trading of Government of Ghana papers in the local bond market remained robust last week.
The total weekly volume traded improved 10.34% week-on-week to a new post-Domestic Debt Exchange Programme high of ¢1.39 billion.
Investors shifted focus from the February 2028 (coupon: 8.50%) paper to the February 2028 (coupon: 8.65%) bond, which accounted for 40% of total market turnover.
Notably, the average yield for the 2027 to 2030 tenors increased by 210 basis points to 16.56%, while the 2031 to 2034 papers traded around 14.00%, up by 49 basis points.
Analysts expect trading activity to remain lively in the bond market this week, as investor confidence in the Ghanaian economy steadily strengthens.
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