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.
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