Trading activity in Government of Ghana bonds slumped once again last week.

Aggregate volume traded declined by 15.59% week-on-week to ¢100.55 million.

The new GoG bonds continue to gain traction as their total volume traded increased 5.24% week-on-week and accounted for 41.92% of total turnover.

Additionally, the yield curve made a level shift downwards as the front compressed by an average of 181 basis points, as bond prices hovered around par levels.

Per the trading results, analysts believe investors will price the policy rate increase into their bids for bonds on the market.

As such, there is an expected limited bond activity on the secondary market this week.