Trading activity slowed on the secondary bond market for Government of Ghana papers, partly reflecting a shorter trading week due to the recent festive season.
Investors exchanged ¢1.21 billion worth of bonds, translating to a 43.6% decline in trading volumes.
Though the total volume traded was spread almost across all tenors, the February 2028 (Coupon: 8.5%) paper dominated trading activity with 37% of the total market turnover.
Yields at the front end of the LCY curve maintained a downward trend, declining by an average of 139 basis points to 17.5%, while the tail advanced to 16.2% (+107 basis points).
Analysts expect the year-open portfolio adjustment by fund managers to augur well for bond market activity this month.
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