Audio By Carbonatix
The secondary bond market recorded a notable uptick in trading momentum last week.
This led to an increase in market turnover by 23.56% week-on-week to ¢97.30 million.
According to trading results, the 2027-2030 maturities of the new bonds continued to attract high investor interest, accounting for 78% of the total face value traded in the market.
Last week, the bears strengthened their grip on the secondary bond market, exerting downward pressure on treasury bond prices across all segments of the new papers.
Analysts believe market activity could pick up due to the improving risk profile of the government, as Moody’s upgrade of Ghana's local currency issuer ratings to Caa3 from Ca.
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
-
Trump to attend G7 summit in France, Axios reports
24 minutes -
UK should set maximum working temperature rules, advisers say
35 minutes -
UK loosens Russian oil sanctions as fuel prices rise
45 minutes -
‘Ebola has tortured us’: Fear grips eastern DR Congo as deadly virus spreads
56 minutes -
Lebanon says 19 killed in Israeli air strikes
1 hour -
Thailand cuts visa-free stay period for more than 90 countries including UK
1 hour -
Man who murdered teen TikTok star in Pakistan gets death sentence
1 hour -
Ebola outbreak may be spreading faster than first thought, WHO doctor warns
2 hours -
Lordina Mahama recognised by Merck Foundation for her impactful programmes
4 hours -
The wailing across Ghana reflects NDC’s scam, says Minority Chief Whip Annoh-Dompreh
4 hours -
We signal the public before NDC can mislead Ghanaians – Annoh-Dompreh
4 hours -
GIBA calls on NCA to review FM coverage restriction directive – GIBA President
5 hours -
Future of Ghana’s media will be defined by AI, digital disruption and regulatory reform – GIBA
5 hours -
Mahama stayed away so Ministers could speak freely – Kwakye Ofosu opens up on Damang Mine Cabinet debate
5 hours -
Kylie Minogue says cancer experience ‘still with me’
5 hours