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.
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
-
ASAC 2026: Medals, finals and all the actions of Day 3 through the lens
4 minutes -
Passport applications left incomplete for two months will be cancelled – Foreign Ministry
4 minutes -
Ashanti Health Director backs Prisons Service medicine and equipment initiative
6 minutes -
OSP Asset Declaration trial adjourned over pending Supreme Court ruling and death of accused
12 minutes -
University of Cape Coast appoints Prof. Denis Aheto as new Vice-Chancellor
19 minutes -
GIPC CEO deepens US energy push, urges stronger global partnerships for oil and gas growth
27 minutes -
IMF Technical Support to help Ghana attract long-term institutional investors – Gov’t
29 minutes -
Rescue efforts underway for miners trapped underground at Konongo
29 minutes -
GIPC CEO calls for stronger investor confidence in West Africa’s oil and gas sector
33 minutes -
Strengthen BoG’s balance sheet to reduce fiscal risks, others – IMF to government
49 minutes -
BOST ready for 24-Hour Economy rollout, assures gov’t of uninterrupted fuel supply
1 hour -
IMF pushes government to privatise ECG operations amid energy sector crisis
1 hour -
Adobea Biritwum: Building Africa’s AI in education
1 hour -
IMF warns BoG gold scheme could weaken central bank balance sheet
1 hour -
Solar power in Ghana: Is it time to make the switch?
1 hour