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
-
Djokovic shakes off rust to sidestep Mpetshi Perricard
2 minutes -
Nigeria’s Tinubu to run for second term after party primary win
5 minutes -
Benin’s Wadagni takes office, vows better living standards, security
17 minutes -
BoG awaits legal advice on next steps after court orders restoration of GN Savings and Loans licence
46 minutes -
South Africa: First batch of Ghanaians set to arrive on Wednesday – Ghana’s envoy confirms
57 minutes -
The Eagles of Carthage: Discipline, defiance, and a defining moment
59 minutes -
Rubio says US will find ‘another way’ if Iran talks fail
1 hour -
China’s Huawei reveals chip design breakthrough amid US sanctions
1 hour -
NPL threat looms over Ghana’s banking sector – IMF demands stronger action
1 hour -
Ghana Horticulture Expo 2026 to champion agricultural self-reliance through innovation
2 hours -
Banking reforms incomplete, state-owned banks under watch – IMF Warns
2 hours -
SDIs could become next stability threat – IMF flags financial sector risks
2 hours -
Breaking the Resource Paradox: AETC pushes borderless, tech-driven African economy agenda
2 hours -
Ghana’s banking system nears full recovery after debt restructuring shock – IMF
2 hours -
Banks back to full capital adequacy – IMF declares progress in Ghana sector clean-up
3 hours