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
-
Feed Ghana, feed industry – Deputy Agric Minister Dumelo outlines new direction
29 minutes -
Agric glut was political, not strategic – Chamber of Agribusiness Ghana boss warns of lost livelihoods
54 minutes -
Food glut situation is no victory – Chamber for Agricbusiness Ghana CEO warns
1 hour -
Was Prince Harry referencing Trump in joke for Late Show sketch?
2 hours -
Arrest over fire petition stirs public debate in Hong Kong
2 hours -
Man who killed ex-Japan PM Shinzo Abe apologises to his family
2 hours -
Police recover $19k Fabergé egg swallowed by NZ man
2 hours -
Ireland among countries boycotting Eurovision after Israel allowed to compete
2 hours -
Grand jury declines to charge Letitia James after first case dismissed
3 hours -
Tanzanian activist blocked from Instagram after mobilising election protests
3 hours -
‘Not becoming of a president’: Somali-Americans respond to Trump’s ‘garbage’ remarks
3 hours -
More than 300 flights cancelled as Indian airline IndiGo faces ‘staff shortage’
3 hours -
Top UK scientist says research visa restrictions endanger economy
3 hours -
‘I’m not afraid of death, only poverty’ – Peter Okoye
3 hours -
‘We’re coming to save you’ – Teni on 2Face’s distress call
4 hours