Audio By Carbonatix
The secondary bond market came alive in the late sessions of last week.
According to trading results, the total volume traded recorded a notable increase of 351.75% week-on-week to ¢439.75 million.
Instructively, the February 2029 new bond drove the market, accounting for 89% of the aggregate volume traded in the market.
Again, the 2027-2030 instruments recorded an estimated 4.14% increase in average price, reflecting the decrease in average yields to 12.82% (-9 basis points).
The 2031-2034 and 2035-2038 estimated average yields also settled at 14.03% (+99 basis points) and 14.66% (+8 basis points).
Analysts perceived Moody’s upgrade of Ghana’s local currency long-term issuer rating to Caa3 to outweigh the mild upturn in inflation and keep the secondary bond market lively this week.
Latest Stories
-
Accra-Tema Motorway diversions temporary and necessary for drainage works – Project Manager
7 minutes -
GoldBod credited with major formalisation of small-scale gold exports
16 minutes -
WPL 2025/26: Ampem Darkoa Ladies stay top at the end of first round
16 minutes -
IPGs confirm payment of legacy power debts, commend government for clearing arrears
29 minutes -
WPL 2025/26: Army Ladies end first round in first position in Southern Zone
32 minutes -
GoldBod reduces Ghana’s debt service burden and import costs – Report
47 minutes -
We have prevented labour crises and upskilled workers for green jobs – Labour Minister
49 minutes -
Ethiopia launches construction of largest airport in Africa
1 hour -
Commercial banks begin Interest rate cuts following Ghana Reference Rate reduction
1 hour -
Sogakope gets major tourism and transport boost with opening of Royal Shekinah City
1 hour -
One killed, 37 injured in Suhum–Mankrong highway crash
1 hour -
Five best young players at AFCON 2025
1 hour -
The creatives we need: Disruptors and revolutionaries
2 hours -
GoldBod formalisation yields $3.8bn in FX, far outweighs BoG losses – Report
2 hours -
Bank of Ghana relieved of gold trading burden by GoldBod
2 hours