Audio By Carbonatix
Market activity on the bond market improved by 319.2% week-on-week to GH¢2.11 billion as Domestic Debt Exchange programme gathers momentum.
This is coming on the back of 50.30% increase in market turnover in the previous week to ¢1.17 billion as more bond transfers were recorded.
According to the trading results, the uptrend in market activity was mainly driven by volumes on the 2023, 2026 and 2039 bonds, which accounted for 50.18% of aggregate turnover.
Rating agency, S&P, downgraded Ghana's January 26, 2023 bond into selective default (D) as the government failed to honour the coupon due on the bond.
The failure to pay the coupon was due to the suspension of external debt service, including Eurobonds.
Analysts expect quiet sessions this week on the market as investors await the new terms of the Domestic Debt Exchange programme.
Latest Stories
-
Nadji Abdul Salem Kanawetey
3 hours -
‘Hounded and harassed’: The former pop star taking on Uganda’s long-time president
8 hours -
V/R: 90-year-old man allegedly murdered
8 hours -
Semenyo named Man of the Match in flawless Manchester City debut performance
9 hours -
‘Humble’ Antoine Semenyo steals show in FA Cup mauling
9 hours -
Deputy AG confirms US authorities have helped Ghana to arrest one fugitive
9 hours -
US military strikes Islamic State group targets in Syria, officials say
10 hours -
Bob Weir, Grateful Dead co-founder, dies aged 78
10 hours -
Author Chimamanda Ngozi Adichie’s family accuse hospital of negligence over son’s death
10 hours -
Blockbuster AFCON semi-finals confirmed as Morocco face Nigeria, Senegal play Egypt
10 hours -
Ofori-Atta could be in Ghana sooner than expected – Deputy AG reveals
11 hours -
IMANI’s Franklin Cudjoe credits Mahama-Forson duo for fiscal reset
12 hours -
Prof. Asuming credits Mahama administration with restoring national optimism
13 hours -
‘No time for kenkey parties’: COPEC boss warns against economic complacency despite recovery
13 hours -
Visa revocation, ICE detention, and the limits of Ghana’s jurisdiction
15 hours