Trading activity improved on the secondary bond market last week as week-on-week turnover increased sharply by 48.47% to GH¢1.24 billion.
Trading activity concentrated more at the belly of the LCY yield curve, as the February 2033 (Coupon: 9.25%) and February 2034 (Coupon: 9.40%) papers jointly contributed more than half of the aggregate market turnover.
Bond yields increased across the board, as the average Yield-To-Maturity on the 2027-2030 papers increased to 17.36%, while the 2035-2038 advanced to 12.8%.
Analysts expect investor sentiments to continue improving in the bond market as the International Monetary Fund board approval for the first review of Ghana’s programme signals the country’s commitment to restoring macroeconomic stability.
Again, the approval of $300 million in budgetary support by the World Bank is also expected to boost investor confidence.
Latest Stories
-
I was suspended in SHS after making a dance video with my uniform – Lisa Quama
45 mins -
Unemployed man sentenced to 5 years for causing harm
46 mins -
GTA gears up for National Tourism Awards 2024
48 mins -
Police foil robbery attempt, arrest four suspects
59 mins -
Prof. Gyampo criticises vacating of MP seats due to cross-carpeting
4 hours -
A critical examination of Speaker Alban Bagbin’s ruling on potential breaches of Article 97(1)(G) and (H)
4 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
5 hours -
Prof Ransford Gyampo: And Speaker Bagbin declared 4 seats vacant…
5 hours -
Secret Service has ‘deep flaws’ and must overhaul leadership, report says
5 hours -
Kenya’s deputy president sacked while in hospital
6 hours -
One Direction ‘devastated’ at Liam Payne’s death
6 hours -
Ghana’s debt to ease to 70% of GDP in 2024; another debt default unlikely – Fitch
6 hours -
Meta fires staff for buying toothpaste, not lunch
6 hours -
U-20 AFCON 2025Q: Afriyie’s brace earns Ghana draw against Benin
6 hours