Audio By Carbonatix
Total market turnover on the secondary bond market rebounded by 101.72% week-on-week to GH¢715.85 million last week.
The increase in activity partly came from clips of minor trades across the front of the LCY (Local Currency Yield) curve.
This was attributed to some banks easing their bond portfolio to shore up cash reserves to comply with new monetary measures from the Bank of Ghana.
Market activity remained at the front and the tail of the LCY curve, with the February 2036 and February 2037 papers jointly accounting for 46% of the weekly aggregate market turnover.
Analysts believe exchange volumes could continue to improve in this week’s trading sessions.
This is because banks explore avenues in the bond market to increase their cash reserve position.
Latest Stories
-
Cedi depreciation marked most disastrous period in Ghana’s economic management – Felix Kwakye Ofosu
8 minutes -
Walewale, Bolgatanga police investigate deadly checkpoint shooting
12 minutes -
Taxpayers to pay less under revised VAT structure from 2026 — GRA
15 minutes -
Bullish Andre Ayew talks up NAC Breda challenge
42 minutes -
Cybersecurity Authority warns public against festive season parcel delivery scams
43 minutes -
Andre Ayew joins Dutch side NAC Breda till end of season
52 minutes -
It’s fair to say that the gov’t has started well on economic management – Oppong Nkrumah
58 minutes -
Mahama inherited the worst economic situation in Ghana’s history, supervised by the NPP – Felix Kwakye Ofosu
1 hour -
Erasmus+ exposure can help cut youth unemployment – Ashanti region NSS director
1 hour -
When Fear Becomes Content: The Ebo Noah Prophecy and the Question of Accountability
1 hour -
Salaga South MP launches support scheme for women, students and youth
1 hour -
2 killed in police shooting during Abosso galamsey protest
1 hour -
Port of Tema dismisses claims of strike and operational disruptions
2 hours -
Concerned Small-Scale Miners laud Sammy Gyamfi’s leadership at Goldbod
2 hours -
Prince Amoako Jnr reflects on impact after successful PAJ Foundation tournament
2 hours