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.
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
-
Reality zone with Vicky Wireko: Welcome to another bailout; thank God for election year
2 mins -
UGMC successfully performs 6 kidney transplants
56 mins -
Euro 2024: Spain beat Georgia to set up quarterfinal tie with Germany
1 hour -
SSNIT pledges further stakeholder engagement on hotels’ sale after NPRA directive
1 hour -
Prof Kofi Amoako urges corporate entities, PSA, and MNEs to use their CSR dimensions to contribute to SDGs
2 hours -
NHIA makes June payment to 6 hospitals providing free dialysis treatment
2 hours -
Asanbeck Group of companies CEO wins ‘Ghana’s Most Outstanding Personality’ in cocoa production
3 hours -
Euro 2024: England come from behind to beat Slovakia to advance to quarterfinals
3 hours -
Petrol price to go up 2%, LPG by 5% from July 1, 2024 – IES
4 hours -
Judge upholds decision refusing protection for Ghanaian man who claimed he was persecuted for being gay
4 hours -
Joke Silva debunks rumor of husband Olu Jacobs’ death
5 hours -
One shot dead in Yunyoo in renewed communal clash
5 hours -
24-year-old welder sentenced to 25 years in hard labour for robbery
6 hours -
Disregard the fake news; IGP is still at post – Police Service
6 hours -
15-year old girl battles for her life after brutal attack by 21-year–old suspected ‘rapist’
6 hours