The secondary bond market for Government of Ghana papers sustained the upbeat in trading activity last week.
Total weekly volume traded increased 47.42% week-on-week to ¢2.07 billion.
Last week’s trading was more concentrated at the belly of the LCY curve, as the 2031-2034 papers together constituted 61.40% of the aggregate market turnover.
Bond yields recorded a mixed performance, with the 2027-2030 papers down by 82 basis points to 19.22%.
The 2031-2034 however increased by 91 basis points to 16.63%.
Analysts are optimistic that the bond market will continue to record improved trading activity in the near term, as investor confidence steadily rebounds on Ghana’s disinflation process.
Meanwhile, aggregate turnover on the secondary fixed income market quickened to ¢4.19 billion (+10.7% week-on-week) last week, almost evenly split between bonds and T-bills.
Latest Stories
-
Samson’s Take: Arrogance of Power, Shameful Policing
7 hours -
Burnley score late to draw with Manchester United at Old Trafford
9 hours -
Bayer Leverkusen extend unbeaten run to 46 games after draw with Stuttgart
9 hours -
Chelsea come from two goals down to draw against Aston Villa
9 hours -
Andre Ayew scores in Le Havre’s 3-3 draw with PSG
9 hours -
GPL 2023/24: Kotoko draw with Medeama; Samartex go 7 points clear of Nations FC
9 hours -
Mahama cuts sod for construction of new multipurpose Jakpa palace in Damongo
10 hours -
NSS management assists Papao fire victims
10 hours -
EXPLAINER: Will dumsor end soon?
11 hours -
IMANI Africa takes on EC, accuses it of lying and publishing half truths
12 hours -
Manasseh Azure calls for investigation and prosecution of those responsible for GRA/SML contract
12 hours -
Kwesi Atuahene: Ghana’s health capital depends on HealthTech – Africa Center for Digital Transformation
12 hours -
13 signs your wife is planning on leaving you and you have no idea
12 hours -
IMANI Africa: Ghana’s EC’s dangerous and pathological conduct
13 hours -
If I speak there will be fire – Salah on Klopp row
13 hours