Market activity on the bond market rebounded sharply, as total volumes of Government bonds increased by 93.5% week as the government concluded the Domestic Debt Exchange Programme.
According to trading results, total turnover of Government of Ghana bonds rose 93.5% to ¢1.33 billion.
The October 2024, June 2025, November 2026 and June 2028 papers drove market activity, accounting for 41.34% of aggregate market volume.
Analysts expect muted market activity this week as the market awaits the announcement and settlement of the Domestic Debt Exchange.
The government confirmed it has secured over 80% participation in the DDEP.
In a statement, it said the “Government’s Domestic Debt Exchange Program (DDEP) closed on Friday February 10, 2023 with over 80% participation of eligible bonds. The government wants to thank the people of Ghana for their forbearance and support throughout these very difficult times”.
It however maintained that the programme is voluntary, insisting that persons that have challenges have the option not to participate in the programme.
Latest Stories
-
IPR Ghana congratulates citizens for peaceful election, calls for unity
29 minutes -
Bawumia’s 8 minutes elite ball that zapped the energy of trigger happy politicians
1 hour -
It will be a betrayal if National Cathedral saga does not feature in ORAL’s work – Ablakwa
1 hour -
‘It’s unfortunate we had to protect the public purse from Akufo-Addo’ – Ablakwa on ORAL Team’s mission
2 hours -
Congo lawyers say Apple’s supply chain statement must be verified
3 hours -
Stampede in southwestern Nigerian city causes multiple deaths
3 hours -
Tens of thousands without water in Mayotte as curfew brought in
3 hours -
ORAL: We won’t witch-hunt, we’ll focus on transparency, not revenge – Ablakwa
4 hours -
Attempted robbery: Accused claims he carried cutlass for protection
4 hours -
Excavator operator jailed for stealing
4 hours -
African fans age-shame me for putting on some outfits – Tiwa Savage
4 hours -
Tiwa Savage criticised by female fans for stance on cheating in relationships
5 hours -
Bank of England expected to hold interest rates
5 hours -
Congo river boat sinks killing at least 22
5 hours -
Nigeria approves Shell’s $2.4 billion asset sale to Renaissance
5 hours