Trading on the secondary bond market was upbeat last week.
This is partly on the back of positive remarks from the International Monetary Fund, following the first review of Ghana’s $3 billion Economic Credit Facility.
Investors exchanged a total volume of ¢582.64 million, representing a 45.26% increase week-on-week in Government of Ghana bonds.
The February 2027 and February 2028 papers jointly dominated trading activity, contributing 84% out of 107 trades recorded during the week and over 90% of the market turnover.
Bond yields at the front of the LCY curve declined 187 basis points to 12.47%.
Analysts expect trading activity to remain strong this week due to improving investor confidence.
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
-
CLOGSAG vows to resist partisan appointments in Civil, Local Government Service
37 minutes -
Peasant Farmers Association welcomes Mahama’s move to rename Agric Ministry
39 minutes -
NDC grateful to chiefs, people of Bono Region -Asiedu Nketia
41 minutes -
Ban on smoking in public: FDA engages food service establishments on compliance
42 minutes -
Mahama’s administration to consider opening Ghana’s Mission in Budapest
44 minutes -
GEPA commits to building robust systems that empower MSMEs
47 minutes -
Twifo Atti-Morkwa poultry farmers in distress due to high cost of feed
49 minutes -
Central Region PURC assures residents of constant water, power supply during yuletide
50 minutes -
Election victory not licence to misbehave – Police to youth
52 minutes -
GPL 2024/2025: Nations thrash struggling Legon Cities
54 minutes -
Electoral offences have no expiry date, accountability is inevitable – Fifi Kwetey
55 minutes -
Ghanaians to enjoy reliable electricity this Christmas – ECG promises
1 hour -
Police deny reports of election-related violence in Nsawam Adoagyiri
1 hour -
‘We’re not brothers; we’ll show you where power lies’ – Dafeamekpor to Afenyo-Markin
1 hour -
EPA says lead-based paints are dangerous to health, calls for safer alternatives
3 hours