Audio By Carbonatix
Trading of Government of Ghana papers in the local bond market declined by 24.62% week-on-week.
However, the total weekly volume traded remained above ¢1.0 billion.
Investors’ appetite improved towards medium-term maturities, as the 2031-2034 papers registered 77.88% of the market turnover.
Particularly, the February 2031 (coupon: 8.95%) bond dominated market activity, with 66% of the total weekly volume traded.
The weighted average yield at the belly of the Local Currency Yield curve advanced 119 basis points to 15.2%.
Analysts perceive trading activity could be sluggish this week as investors’ slowdown in the early sessions, awaiting inflation data to gauge the tone of the economy.
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
-
Photos: Second evacuation flight brings home 345 Ghanaians from South Africa
3 hours -
Iran says staff blocked from entering US after players given World Cup visas
3 hours -
South Africa warns Ghana against ‘spectacles’ during citizens’ evacuation
3 hours -
Home at last: 345 more Ghanaians touch down in Accra following raging afrophobia in South Africa
4 hours -
Ukrainian drones target St Petersburg in attack Russia calls ‘unprecedented’
4 hours -
Hegseth attacks Europe over ‘invasion’ of migrants on its beaches in D-Day speech
5 hours -
NSMQ participant and Presec-Legon alumnus Prince Debrah graduates from MIT
5 hours -
Commuters endure nightmare night at Circle after torrential Friday downpour
6 hours -
Funeral held for baby shot dead by Israeli troops in occupied West Bank
6 hours -
KATH nurses set to join doctors’ strike over suspension directive
6 hours -
Mahama explores Belarus agro-industrial hub, seeks partnerships to boost Ghana’s food security
6 hours -
Gov’t activates flood response measures, cites human activities as major cause
6 hours -
Recurring June floods show institutional failure and lack of accountability – Victoria Bright
8 hours -
Dr. Bawumia congratulates new Christian Council leadership; pledges continued cooperation
8 hours -
Changes to anti-LGBTQ+ bill could undermine enforcement – Ntim Fordjour
8 hours