Trading activity declined further on the secondary bond market for Government of Ghana papers as investors took cautious positions in the first week of 2024.
Investors traded a total face value of GH¢840.63 million, representing a week-on-week decline of 30.69%.
Notably, the total volume traded was almost evenly spread across the yield curve, with each segment contributing about 32%.
The front end of the LCY yield curve declined for the fourth straight week to 15.29% (-221 basis points), while the belly advanced to 18.55% (+217bps).
Analysts expect investors to remain cautious as the market awaits the announcement of the December 2023 inflation and feedback from the official creditors’ committee meeting.
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
-
No student has been served unwholesome meals – Nana Boakye
4 mins -
Galamsey has left our river deities powerless – Fetish Priest laments
19 mins -
It was unfair to destroy Leslie’s Fantasy Dome – Okraku-Mantey
23 mins -
Expired rice scandal: We won’t jeopardize people’s health or safety for any reason – FDA
27 mins -
UniMAC to host public forum on democracy and communication
46 mins -
Expired Rice Scandal: Ablakwa slams Lamens Company for “Criminal” acts
58 mins -
Avoid the use of vituperative expressions in your campaigns – NCCE
1 hour -
No petroleum revenue allotment to industrialisation in first half of 2024 – PIAC report
1 hour -
Baba Sadiq motivated me to vie for MP position – Okraku-Mantey
2 hours -
“Black Stars failure to qualify for AFCON 2025 a big blow” – Ibrahim Tanko
2 hours -
NPP’s campaign is going very well – Nana Akomea
2 hours -
Employees must file annual income tax returns – Ghana Revenue Authority
2 hours -
SAB Foundation awards fully funded tertiary scholarships to 11 students
3 hours -
Does the Police law empower police to run a broadcasting service?
3 hours -
GFA dissolves Black Stars Management Committee after AFCON qualification disappointment
3 hours