The secondary bond market for Government of Ghana papers sustained the upbeat in trading activity last week.
Total weekly volume traded increased 47.42% week-on-week to ¢2.07 billion.
Last week’s trading was more concentrated at the belly of the LCY curve, as the 2031-2034 papers together constituted 61.40% of the aggregate market turnover.
Bond yields recorded a mixed performance, with the 2027-2030 papers down by 82 basis points to 19.22%.
The 2031-2034 however increased by 91 basis points to 16.63%.
Analysts are optimistic that the bond market will continue to record improved trading activity in the near term, as investor confidence steadily rebounds on Ghana’s disinflation process.
Meanwhile, aggregate turnover on the secondary fixed income market quickened to ¢4.19 billion (+10.7% week-on-week) last week, almost evenly split between bonds and T-bills.
Latest Stories
-
Vote for positive human development – Nana Kwame Bediako
8 mins -
GES releases 2024/25 academic calendar for Basic and Senior High Schools
11 mins -
Chambas appeals to Ghanaians to ensure violence-free elections
48 mins -
We need to hang our coat on private sector – Nana Osei Bonsu on path to economic recovery
59 mins -
I was suspended in SHS after making a dance video with my uniform – Lisa Quama
2 hours -
Unemployed man sentenced to 5 years for causing harm
2 hours -
GTA gears up for National Tourism Awards 2024
2 hours -
Police foil robbery attempt, arrest four suspects
2 hours -
EU leaders set course for tougher policy to send back irregular migrants
3 hours -
Businesses still reeling from DDEP, not yet turned the corner – Nana Osei Bonsu
4 hours -
Prof. Gyampo criticises vacating of MP seats due to cross-carpeting
4 hours -
UENR position on time budgets & technologies for remedy of galamsey sites in Ghana vis-à-vis CSIR position
5 hours -
A critical examination of Speaker Alban Bagbin’s ruling on potential breaches of Article 97(1)(G) and (H)
5 hours -
Trump calls 6 January ‘day of love’ when asked about Capitol riot
5 hours -
UTAG calls for immediate prosecution of persons arrested for engaging in galamsey
6 hours