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
-
PKO trio eye victories at Odwira Festival
12 minutes -
346 Ghana Navy recruits pass out after 26 weeks of intensive training
18 minutes -
Newsfile to discuss EOCO-MP arrest, drug trafficking, speech arrests and $235m water debt
46 minutes -
JoyNews gets results as listeners raise GH¢40,000 to help 17-year-old student with cerebral palsy attend SHS
1 hour -
Vice President calls for stronger local pharmaceutical production to reduce medicine imports
1 hour -
The brewing tension at KNUST; Beware the Ides of October….
2 hours -
Health Ministry moves to integrate traditional medicine into mainstream healthcare
2 hours -
550 pupils in Kintampo South get educational lifeline as ‘Seeds of Hope’ reaches farming communities
3 hours -
Opoku Mensah urges Christian Council, House of Chiefs to speak up on democratic freedoms
3 hours -
Teacher unions’ strike: Minority demands immediate payment of teacher arrears, 20% deprived area allowance
3 hours -
The Accra-Kumasi Expressway: Building it right
3 hours -
Beyond gold exports: Building value and economic resilience from Ghana’s gold
3 hours -
2027 AFCONQ: Ghana under pressure as Gambia beat Somalia 2-1
3 hours -
Eastern NPP Women’s Organiser calls on AG, Police to secure bail for Salomey Baffoe
4 hours -
Poverty, illiteracy driving acceptance of vote-buying among women – Damongo Queen Mother
4 hours