Audio By Carbonatix
Trading activity improved on the secondary bond market last week as week-on-week turnover increased sharply by 48.47% to GH¢1.24 billion.
Trading activity concentrated more at the belly of the LCY yield curve, as the February 2033 (Coupon: 9.25%) and February 2034 (Coupon: 9.40%) papers jointly contributed more than half of the aggregate market turnover.
Bond yields increased across the board, as the average Yield-To-Maturity on the 2027-2030 papers increased to 17.36%, while the 2035-2038 advanced to 12.8%.
Analysts expect investor sentiments to continue improving in the bond market as the International Monetary Fund board approval for the first review of Ghana’s programme signals the country’s commitment to restoring macroeconomic stability.
Again, the approval of $300 million in budgetary support by the World Bank is also expected to boost investor confidence.
Latest Stories
-
We need to pray for GoldBod – Duncan-Williams
20 minutes -
Strong favourites or tougher task – will Arsenal defend their title?
53 minutes -
Passengers escape death as VIP travelling from Kumasi to Sunyani catches fire
57 minutes -
Ariana Grande leaves problems at home as her tour hits the UK
1 hour -
Multiple suspects at large after five shot at Virginia State University, police say
1 hour -
Three killed as Russia launches fresh aerial attacks across Ukraine
1 hour -
Boxing: John Laryea disqualified in WBA Featherweight title eliminator
2 hours -
Hawaii battles strong winds and rain as Hurricane Lala threat looms
2 hours -
Twelve killed as Polish bus veers off Hungarian motorway
3 hours -
Building Ghana better: Why architects must be at the heart of national development
5 hours -
GMet warns of severe rainstorm across northern Ghana
6 hours -
Semenyo eyes bigger targets after breaking Yeboah’s Ghanaian Premier League record
6 hours -
Health Ministry reviews NDC manifesto commitments
7 hours -
Mfantsipim School @ 150 and Creech’s Mfantsipim Diaries: My First Shock
8 hours -
Labour backs proposed IPEC but demands full involvement in pay reforms
9 hours