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
-
Kingsford Boakye-Yiadom attracts interest from Man United, Brighton, Atletico Madrid, others after Everton exit
59 minutes -
Black Princesses Coach Charles Sampson confident ahead of Uganda Qualifier
3 hours -
Mahama announces 1,200MW gas-fired power plant to boost electricity supply
3 hours -
We’ll publish the list of areas where ECG transformers will be replaced – John Jinapor
4 hours -
2026 Aboakyer Festival durbar held with beautiful tradition
4 hours -
Ghana drawn with Brazil, Spain in crucial World Relays repechage race
5 hours -
A nation that cannot employ its youth, cannot sustain peace – Kwamuhene urges urgent job creation
6 hours -
Annoh-Dompreh elected Chairman of PAP Committee on Health, Social Work and Labour
6 hours -
Swedru All Blacks stun Vision FC to ignite relegation battle
6 hours -
World Cup 2026: Injuries to key players ahead of tournament worrying – Kurt Okraku
6 hours -
Togo introduces fixed penalties for traffic offences
7 hours -
Amusan, Samukonga confirmed for Accra 2026
7 hours -
NADMO supports tidal waves victims in Anlo District
7 hours -
Vice President joins Effutu people to celebrate Aboakyer 2026
7 hours -
Tera Carissa Hodges joins global creatives to discuss cultural sovereignty at AfroCannes 2026
7 hours