Activity on the secondary bond market slowed down last week as no trades were recorded in the new Government of Ghana (GoG) bonds.
Aggregate trade volume declined by 97.52% week-on-week.
Aggregate turnover was estimated at¢38 million across the old and new bonds.
A total face value of ¢11.38 million changed hands across some segments of the old GoG bonds.
According to the market report, new bonds were lifeless on the market last week.
However, the 2027-2030 papers quoted around an average yield of 11.97% (+58 basis points week-on-week).
Turnover for Treasury bills, however, increased by 66.9% week-on-week to ¢856 million.
Analysts foresee a rebound in trading activity on the secondary bond market, as the government expects an IMF board-level approval this week which is expected to improve investor sentiment.
Latest Stories
-
Actors Jonathan Majors and Meagan Good are engaged
52 seconds -
Expired rice saga: A ‘best before date’ can be extended – Food and Agriculture Engineer
9 mins -
Why I rejected Range Rover gift from a man – Tiwa Savage
10 mins -
KNUST Engineering College honours Telecel Ghana CEO at Alumni Excellence Awards
43 mins -
Postecoglou backs Bentancur appeal after ‘mistake’
53 mins -
#Manifesto debate: NDC to enact and pass National Climate Law – Prof Klutse
1 hour -
‘Everything a manager could wish for’ – Guardiola signs new deal
1 hour -
TEWU suspends strike after NLC directive, urges swift resolution of grievances
1 hour -
Netflix debuts Grain Media’s explosive film
2 hours -
‘Expired’ rice scandal: FDA is complicit; top officials must be fired – Ablakwa
2 hours -
#TheManifestoDebate: We’ll provide potable water, expand water distribution network – NDC
3 hours -
IPR Ghana@50: Pupils educated to keep the environment clean
3 hours -
PenTrust CEO named ‘Best Pensions CEO’, company wins ‘Scheme Administrator Award’ at Ghana Accountancy & Finance Awards 2024
3 hours -
Alan Kyerematen’s ‘Brighter Future for Health Professionals’ in Ghana Revealed in Bono
3 hours -
#TheManifestoDebate: NPP will ensure a safer, cleaner and greener environment – Dr Kokofu
3 hours