Activity on the secondary bond market slowed down as the total market turnover on Government of Ghana (GoG) bonds dipped 57.1% week-on-week to ¢503.05 million.
The slump in market activity was primarily due to a shorter trading week and dimmed market activity due to the ongoing Domestic Debt Exchange Pogramme.
The belly of the yield curve recorded the most activity, with the November 26, 2022 paper accounting for 37.46% of aggregate market turnover.
Analysts expect quiet sessions this week on the market as the government has extended the deadline for Domestic Debt Exchange to January 31, 2022.
More bids are expected for corporate bonds as offers continue to dry up.
With upcoming maturities, a 3-year GoG bond is expected to mature in March 2023 at a yield of 45.03%, whilst another 3-year GoG bond trading at 40.99% will mature in April 2023.
Latest Stories
-
IPR Ghana@50: Pupils educated to keep the environment clean
6 mins -
PenTrust CEO named ‘Best Pensions CEO’, company wins ‘Scheme Administrator Award’ at Ghana Accountancy & Finance Awards 2024
26 mins -
Alan Kyerematen’s ‘Brighter Future for Health Professionals’ in Ghana Revealed in Bono
36 mins -
NPP will ensure a safer, cleaner and greener environment – Dr Kokofu
44 mins -
2024 Election: Police to deal with individuals who will cause trouble – IGP
45 mins -
Seychelles President’s visit rekindles historical and diplomatic ties with Ghana
50 mins -
Election 2024: EC destroys defective ballot papers for Ahafo and Volta regions
1 hour -
2024 Election: I am sad EC disqualified me, but I endorse CPP’s candidate – PNP’s Nabla
1 hour -
I want to build a modern, inclusive country anchored by systems and data – Bawumia to CSOs
1 hour -
Miss Health Ghana 2024: Kujori Esther Cachana crowned new Health Ambassador
2 hours -
Livestream: The manifesto debate on WASH and climate change
2 hours -
Alan Kyerematen saddened by NDC and NPP’s neglect of Krofrom Market in the Ashanti Region
2 hours -
CSIR Executive Director urges farmers to adopt technology for improved farming
2 hours -
Football Impact Africa’s Ghetto Love Initiative inspires change in Teshie
2 hours -
Peter Toobu calls for tighter border security over uncovered weapons at Tema Port
2 hours