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
-
Alhassan Suhuyini makes Christmas donations to churches within Tamale North Constituency
53 minutes -
Meet 81-year-old father of UCC Acting Vice-Chancellor, who recently graduated with an MBA
1 hour -
Did you know that Ken Ofori-Atta’s lawyer, Enayat Qasimi, is the ‘Ken Ofori-Atta of Afghanistan? – Kay Codjoe writes
1 hour -
Kidnap suspect arrested in Tamale as Police rescue victim after four days
2 hours -
Tema Oil Refinery resumes crude refining after years of shutdown
2 hours -
Kojo Antwi thrills fans with regal entry, marathon performance at ‘Antwified’ concert
2 hours -
Ofori Amponsah surprises KiDi at ‘Likor On The Beach’ 2025
2 hours -
Joy FM thanks sponsors, partners and patrons after spectacular 2025 Family Party-in-the-Park
2 hours -
‘Christmas babies’ and their mothers in Volta and Oti regions receive MTN hampers
3 hours -
One dead, another injured after accident at Atwedie
3 hours -
Maggi Waakye Summit draws thousands as Ghana’s biggest waakye festival returns
4 hours -
Western Regional Minister urges Ghanaians to use Christmas to deepen national cohesion
5 hours -
Thousands turn Aburi Gardens into a festive paradise at Joy FM’s Party in the Park
5 hours -
Source of GOLDBOD’s trading funds questioned amid reported $214m loss
5 hours -
Kind Hearted Beings Charity spreads joy during festive season
5 hours