Audio By Carbonatix
Activity on the secondary bond market slowed down last week as no trades were recorded in the new Government of Ghana (GoG) bonds.
Aggregate trade volume declined by 97.52% week-on-week.
Aggregate turnover was estimated at¢38 million across the old and new bonds.
A total face value of ¢11.38 million changed hands across some segments of the old GoG bonds.
According to the market report, new bonds were lifeless on the market last week.
However, the 2027-2030 papers quoted around an average yield of 11.97% (+58 basis points week-on-week).
Turnover for Treasury bills, however, increased by 66.9% week-on-week to ¢856 million.
Analysts foresee a rebound in trading activity on the secondary bond market, as the government expects an IMF board-level approval this week which is expected to improve investor sentiment.
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