Audio By Carbonatix
Activity on the secondary bond market slowed down as the total market turnover on Government of Ghana (GoG) bonds dipped 57.1% week-on-week to ¢503.05 million.
The slump in market activity was primarily due to a shorter trading week and dimmed market activity due to the ongoing Domestic Debt Exchange Pogramme.
The belly of the yield curve recorded the most activity, with the November 26, 2022 paper accounting for 37.46% of aggregate market turnover.
Analysts expect quiet sessions this week on the market as the government has extended the deadline for Domestic Debt Exchange to January 31, 2022.
More bids are expected for corporate bonds as offers continue to dry up.
With upcoming maturities, a 3-year GoG bond is expected to mature in March 2023 at a yield of 45.03%, whilst another 3-year GoG bond trading at 40.99% will mature in April 2023.
Latest Stories
-
GIBA calls on NCA to review FM coverage restriction directive – GIBA President
2 hours -
Future of Ghana’s media will be defined by AI, digital disruption and regulatory reform – GIBA
2 hours -
Mahama stayed away so Ministers could speak freely – Kwakye Ofosu opens up on Damang Mine Cabinet debate
2 hours -
Kylie Minogue says cancer experience ‘still with me’
3 hours -
Dozens of romance scammers arrested after specialist fraud squad investigation in UK, Nigeria
3 hours -
Ghana to bid farewell to Aps Kwadwo Safo as funeral rites set for July 30
3 hours -
Son of Mango boss arrested over father’s fatal fall from cliff
3 hours -
Video: Moment Arsenal squad found out they were Premier League 2025/26 champions
3 hours -
Starbucks Korea sacks CEO over controversial ‘Tank Day’ promotion
3 hours -
Google to release first smart glasses since Google Glass flop
3 hours -
Two-time winner Alcaraz out of Wimbledon with injury
3 hours -
GSA shuts down 5A Homes for allegedly producing substandard mattresses
3 hours -
Heads of SHSs cite Buffer Stock Company over missing cost details of food supplies
3 hours -
Gov’t breached oil fund law for 5 years, kept $100m cap instead of $584m – PIAC report
3 hours -
Buffer Stock Company says SHS food prices are agreed by stakeholders, denies lack of transparency
3 hours