The secondary bond market regained steam last week, as trading in Government of Ghana (GoG) papers reached ¢1.17 billion.
This represented 11.86% growth week-on-week.
Investors exchanged 78% of the aggregate volume traded across the front end of the Local Currency Yield curve.
On average, bond yields held steady on the market, with the 2027- 2030 weighted average yield gaining a basis point to 21.12.
Analysts expect trading to remain active across the shorter-dated bonds, while investors look forward to GoG’s budget for 2024 this week.
A promising 2024 Budget is expected to boost trade on the market.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
I want to focus more on my education – Chidimma Adetshina quits pageantry
29 mins -
Priest replaced after Sabrina Carpenter shoots music video in his church
42 mins -
Duct-taped banana artwork sells for $6.2m in NYC
53 mins -
Arrest warrants issued for Netanyahu, Gallant and Hamas commander over alleged war crimes
56 mins -
Actors Jonathan Majors and Meagan Good are engaged
1 hour -
Expired rice saga: A ‘best before date’ can be extended – Food and Agriculture Engineer
1 hour -
Why I rejected Range Rover gift from a man – Tiwa Savage
1 hour -
KNUST Engineering College honours Telecel Ghana CEO at Alumni Excellence Awards
2 hours -
Postecoglou backs Bentancur appeal after ‘mistake’
2 hours -
#Manifesto debate: NDC to enact and pass National Climate Law – Prof Klutse
2 hours -
‘Everything a manager could wish for’ – Guardiola signs new deal
2 hours -
TEWU suspends strike after NLC directive, urges swift resolution of grievances
2 hours -
Netflix debuts Grain Media’s explosive film
3 hours -
‘Expired’ rice scandal: FDA is complicit; top officials must be fired – Ablakwa
3 hours -
#TheManifestoDebate: We’ll provide potable water, expand water distribution network – NDC
4 hours