Audio By Carbonatix
The secondary bond market for Government of Ghana bonds declined further in activity.
The total volume exchanged fell by 22.88% week-on-week to GH¢1.03b billion.
Notably, the exchanges from the February 2028 (coupon: 8.50%) paper remained the dominant driver of activity, constituting about 66% of the aggregate market turnover.
The LCY yield curve tilted northward, as the average Yield-To-Maturity on the 2027-2030 papers increased to 22.31% (+317 basis points).
The 2035-2038 advanced to 22.99% (+592 basis point).
Analysts expect the bond market to remain sluggish following the uptick in inflation for January 2024, as investor preference will largely reside in treasury bills for repricing benefits.
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