Audio By Carbonatix
Total turnover on the bond market retreated by 52.94% week-on-week to GH¢336.90 million last week.
The decrease in activity partly came on the back of a shorter trading week resulting from the Eid ul-Fitr celebration.
The front end of the Local Currency (LCY) yield curve continues to see a bulk of market activity, with over 55% of the aggregate weekly turnover.
Meanwhile, the February 2036 papers at the tail of the LCY curve recorded some minor exchanges.
Ghana reached an International Monetary Fund Staff-Level agreement on its second review, with positive remarks on key benchmarks and gradual economic progress.
Notably, the review revealed that Ghana is on track to achieve a fiscal primary surplus of 0.5% of Gross Domestic Product in 2024.
Analysts believe this is positive for the bond market as it calms sentiments about the country’s fiscal position in this election year.
Latest Stories
-
BoG Governor rallies IMF to back Africa’s digital sovereignty
1 minute -
Amin Adam questions government bond pricing as short-term yields fall below inflation
7 minutes -
Five new telephony cell sites to be activated in October 2026 – Sam George
12 minutes -
Amin Adam raises sovereign-bank nexus concerns as banks hold GH¢190bn in government debt
17 minutes -
Government to increase Free SHS feeding allowance in 2027 Budget – Haruna Iddrisu
22 minutes -
Nadowli-Kaleo NCCE engages women’s groups on rule of law, corruption fight
23 minutes -
Mahama visits factories in Afienya/Tema
28 minutes -
TraffiTech-GH pilot reduces road crash injuries, fatalities
33 minutes -
IMF Chief identifies 2 major threats posed by AI to global economy
38 minutes -
Go back to the hand washing days – Ghanaians told
43 minutes -
GoldBod commits GH¢35m to reclaim galamsey-damaged Tano Nimri Forest Reserve
48 minutes -
Afenyo-Markin reflects on loneliness of public service, says survival is largely spiritual
55 minutes -
Achimota Court designated to handle petroleum diversion cases – NPA CEO
1 hour -
Bekwai court jails mine worker 14 years for defiling 8-year-old girl
1 hour -
CHASS conference calls for collective action to tackle indiscipline in schools
1 hour