Audio By Carbonatix
Trading activity on the secondary bond market for Government of Ghana papers remained robust last week.
There was a weekly face value traded of ¢2.15 billion, up by 4.01% week-on-week.
The February 2029 (Coupon: 8.65%) and February 2032 (Coupon: 9.1%) were the most active papers.
They recorded trades in all sessions and jointly accounted for half of the aggregate market turnover.
Notably, the front end of the LCY curve recorded increases in bond prices, resulting in a considerable decrease in average yields to 18.89% (-33bps).
Analysts believe the positive Gross Domestic Product growth data for quarter 3, 2023 and the $541million cocoa loan inflows could drive some market activity this week.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Gender Ministry empowers Kayayei with health, financial literacy and safety skills
12 minutes -
‘The law is the law’ – Mahama insists as Asake pleads on Cyborg’s behalf over firearm incident
33 minutes -
Police arrest 2 over illegal possession of 2,600 AK-47 ammunition in Ashanti Region
35 minutes -
Goldbod is rewriting Ghana’s gold story and restoring national value – Senyo Hosi asserts
44 minutes -
Goldbod: Loss or no loss? The price of everything and the value of nothing
49 minutes -
Goldbod’s $214m cost isn’t a loss but a strategic policy investment – Senyo Hosi
50 minutes -
Government settles US$709m Eurobond obligations ahead of due date
50 minutes -
Low inflation and cheaper imports show Goldbod’s true economic value – Senyo Hosi
52 minutes -
VAT reforms: GRA raises registration threshold to GH¢750,000, cuts rate to 20% from Jan. 2026
54 minutes -
Cedi appreciation saved Ghana over GH¢12bn in debt and power payments – Senyo Hosi
59 minutes -
NPP Primaries: Dr Bawumia takes commanding 73% lead — latest Global InfoAnalytics report
1 hour -
DGPP helped Ghana defy IMF currency forecasts and stabilise the Cedi – Senyo Hosi
1 hour -
Guinea junta chief wins presidency in controversial election
1 hour -
Cassava from reclaimed mine lands found to contain unsafe cyanide and lead levels – Study reveals
1 hour -
Gov’t settles $709m eurobond payment ahead of schedule – Ato Forson
1 hour