Audio By Carbonatix
The total volume exchanged on the secondary bond market for Government of Ghana papers declined by 83.21% week-on-week.
This reflected the lowest market turnover of GH¢174.41 million in 20 weeks.
The bond exchanges recorded for the week were almost evenly spread across the front and the tail end of the LCY yield curve, with no transaction at the belly of the curve.
The government during the week paid off coupon obligations on the new bonds, releasing a total of about GH¢5.1 billion to investors.
Analysts expect exchange volumes on the bond market to improve following the payment of coupons on the new bonds.
Meanwhile, depending on market conditions, the government may issue 2-year to 7-year notes in March 2024.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Government to procure 2 rice mills to ease post-harvest losses, boost food security – NAFCO boss
8 minutes -
Gbintiri residents boycott market revenue payment over accountability; alleged 24-hour economy exclusion
13 minutes -
Family of late Sawla MP performs funeral without mortal remains of the deceased
27 minutes -
Soho Jazz Club kicks off with the Jazz Brothers
47 minutes -
Muzic Mensah surpasses 1.3 million Boomplay streams as ‘All Correct’ gains traction
53 minutes -
Black Stars Coach Carlos Queiroz to meet media in Accra on thursday
53 minutes -
Apple names insider John Ternus as CEO, Cook to become executive chairman
55 minutes -
A Defining Moment for Ghana: The Damang takeover and the rise of indigenous enterprise
1 hour -
Dr. K.B. Tandoh leads NPP reorganisation in Asunafo North with office equipment and refurbishment
1 hour -
Afigya Sekyere East MP funds nomination forms ahead of NPP internal elections
1 hour -
Tension in Nzema: Residents protest against Adamus Resources operations: urge lands minister to intervene
1 hour -
Bawumia moves to heal wounds with Kennedy Agyapong and primary rivals
2 hours -
Youngster Shadrack Addo scores in back-to-back games for Atlético Madrid U19
2 hours -
Joseph Opoku registers assist in Zulte Waregem win over RAAL
2 hours -
ECG announces GHS3.46bn investment to fix power supply challenges
2 hours