Audio By Carbonatix
The total volume exchanged on the secondary bond market for Government of Ghana papers lost steam last week.
The market turnover declined sharply by 88.05% week-on-week to GH¢18.51 million.
Notably, the decline in market activity was largely driven by a 95% week-on-week decrease in exchange activity across the front and tail of the LCY yield curve.
However, market activity bounced back at the belly of the curve.
This constituted 27%% of the weekly aggregate market turnover.
Analysts expect exchange volumes to remain sluggish in the bond market as the treasury bills continue to drive secondary market activity.
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