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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