Audio By Carbonatix
Trading on the secondary bond market was upbeat last week.
This is partly on the back of positive remarks from the International Monetary Fund, following the first review of Ghana’s $3 billion Economic Credit Facility.
Investors exchanged a total volume of ¢582.64 million, representing a 45.26% increase week-on-week in Government of Ghana bonds.
The February 2027 and February 2028 papers jointly dominated trading activity, contributing 84% out of 107 trades recorded during the week and over 90% of the market turnover.
Bond yields at the front of the LCY curve declined 187 basis points to 12.47%.
Analysts expect trading activity to remain strong this week due to improving investor confidence.
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
-
Attack on Kyiv shows ‘Russia doesn’t want peace’, Zelensky says
55 minutes -
Two dead in 50-vehicle pile up on Japan highway
1 hour -
Fearing deportation, Hondurans in the US send more cash home than ever before
1 hour -
New York blanketed in snow, sparking travel chaos
1 hour -
Creative Canvas 2025: Documenting Ghana’s creative year beyond the noise
5 hours -
Arsenal in ‘survival’ mode as ‘sensational’ Raya save keeps them top
6 hours -
‘Wizkid is my boy, I accommodated him years ago’ – American rapper, Wale
6 hours -
[Video] ‘I don stop to dey give belle anyhow’ – 2Baba confesses
6 hours -
‘No artist is wack, every music is tailor-made’ – 2Baba
6 hours -
[Video]Timaya falls on stage while trying to lift plus-sized woman during performance
6 hours -
Family cremates wrong body after hospital mistake in Scotland
7 hours -
Kennedy Center seeks $1m from musician who cancelled after Trump name added to venue
7 hours -
Nine arrested in Italy for allegedly raising millions for Hamas
7 hours -
Alhassan Suhuyini makes Christmas donations to churches within Tamale North Constituency
8 hours -
Meet 81-year-old father of UCC Acting Vice-Chancellor, who recently graduated with an MBA
9 hours