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
-
Elevating Ghana’s creative industry: A blueprint for competing with Nigeria and South Africa
1 hour -
Poor finishing a problem for Asante Kotoko throughout the season – Prosper Ogum
1 hour -
Samini teams up with Francis Osei for ‘Sticks N Locks’ EP
2 hours -
Government should resource record labels – Seven Xavier
2 hours -
I need majority in parliament to successfully complete my term – Akufo-Addo pleads
2 hours -
Next NDC government will not recognise illegal contracts signed by current administration – Sammy Gyamfi
2 hours -
Premier League clubs vote in favour of spending cap plans
2 hours -
Nigeria’s fuel crisis brings businesses to a halt
2 hours -
King Promise impresses fans at sold out show in Singapore
2 hours -
Ejisu by-election to proceed after plaintiff withdraws injunction application
3 hours -
CSOs and NGOs unite to push for priority demands at INC-4
3 hours -
Fuel tanker bursts into flames on Kumasi-Accra highway
3 hours -
EC’s stolen BVR kits, laptops: One granted bail, three still on remand
3 hours -
2 Things: Sista Afia releases first song off her upcoming album
3 hours -
GHS to embark on COVID-19 vaccination campaign starting May 4
4 hours