Trading activity on the bond market bounced back last week, as total value traded shot up by 34% to ¢388.91 million.
According to the market data, activity in the new bonds also regained momentum on the back of ¢265.88 million volume traded across the 2027-2037 segments.
The short-term instruments contributed 94.71% of the total market turnover.
The Executive Board of the IMF board approved Ghana’s $3 billion Extended Credit Facility, paving the way for the arrival of $600 million in the first tranche.
Therefore, analysts are optimistic about trading activity on the secondary bond market, which could enhance Ghana’s economic outlook and improve investor confidence.
Again, the programme could catalyse funding from other international sources.
Meanwhile, there was aggregate turnover of ¢1.24 billion across bills and bonds last week, with bills accounting for almost 70% of the total trade.
- Medical negligence: Can you sue a chiropractor for the wrong diagnosis and treatment?
- Ethiopian Prince Alemayehu’s lock of hair returned after 140 years in UK
- It’s tough without my dad – Akwaboah
- Florida: 13ft alligator killed after it was spotted with human remains in its mouth
- Alan Kyerematen, Sammy Gyamfi and others mourn with Kwame A Plus at late father’s funeral
- FDA sensitizes traders and patients on medicine adverse reactions
- Mohbad: Nigerian nurse association says health worker who treated late singer not registered
- Graduated students urged to keep developing their skills for success
- Building contractor accused of defiling his stepdaughter freed
- 21500 healthcare workers benefit from health workforce programme
- France to end its military presence in Niger by end of 2023 – Macron
- Ghana’s gross reserves stood at 1.0 month of import cover in August 2023; trade surplus hits $2.016bn – BoG
- Alan to speak on Monday on political future after quitting NPP flagbearer race
- Livestream: The Probe discusses impact of #OccupyJulorbiHouse protest
- Dr. Sa-ad Iddrisu: Historians must document all human rights violations under Akufo-Addo’s watch