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.