Audio By Carbonatix
Trading of Government of Ghana papers in the local bond market regained steam last week as the total weekly volume traded improved 18.09% week-on-week to ¢1.40 billion.
The February 2027 (coupon: 8.35%) paper gained traction in last week’s trading, as it matched the February 2030 (coupon: 8.80%) bond, to jointly contribute 60% of total market turnover.
Notably, the average yield for the 2027 to 2030 tenors increased by 205 basis points to 20.05%, while the 2031 to 2034 papers traded around 15.72%, down by 96 basis points.
Analysts expect trading activity to remain lively in the bond market in the near term as investor confidence in the Ghanaian economy steadily strengthens.
Treasury bills dominated market activity, accounting for 62.9% of the volume traded, with bonds accounting for the difference.
The volume of bonds traded continues to improve from the weak levels right after the Domestic Debt Exchange Programme.
Latest Stories
-
Rich and voiceless: How Putin has kept Russia’s billionaires on side in the war against Ukraine
2 hours -
Cruise ship hits reef on first trip since leaving passenger on island
2 hours -
UK restricts DR Congo visas over migrant return policy
2 hours -
Attack on Kyiv shows ‘Russia doesn’t want peace’, Zelensky says
3 hours -
Two dead in 50-vehicle pile up on Japan highway
3 hours -
Fearing deportation, Hondurans in the US send more cash home than ever before
3 hours -
New York blanketed in snow, sparking travel chaos
3 hours -
Creative Canvas 2025: Documenting Ghana’s creative year beyond the noise
7 hours -
We would have lost that game last season – Guardiola
7 hours -
Nigeria reach AFCON last 16 despite Tunisia fightback
7 hours -
‘He just needed more time’ – Wirtz finally breaks Liverpool duck
7 hours -
Arsenal in ‘survival’ mode as ‘sensational’ Raya save keeps them top
7 hours -
‘Wizkid is my boy, I accommodated him years ago’ – American rapper, Wale
8 hours -
[Video] ‘I don stop to dey give belle anyhow’ – 2Baba confesses
8 hours -
‘No artist is wack, every music is tailor-made’ – 2Baba
8 hours