The total volume exchanged on the secondary bond market for Government of Ghana papers declined by 83.21% week-on-week.
This reflected the lowest market turnover of GH¢174.41 million in 20 weeks.
The bond exchanges recorded for the week were almost evenly spread across the front and the tail end of the LCY yield curve, with no transaction at the belly of the curve.
The government during the week paid off coupon obligations on the new bonds, releasing a total of about GH¢5.1 billion to investors.
Analysts expect exchange volumes on the bond market to improve following the payment of coupons on the new bonds.
Meanwhile, depending on market conditions, the government may issue 2-year to 7-year notes in March 2024.
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
-
GPL 2024/2025: Accra Lions remain bottom after draw against Kpando
7 mins -
NDC condemns Dela Edem’s ‘unsavoury and distasteful’ about kufuor; issues public apology
17 mins -
‘Let them burn the sea; don’t return if Parliament is recalled’ – Asiedu Nketiah to NDC MPs
33 mins -
Bawumia’s commitment to excellence will ensure Ghana fulfills its potentials – Prof. Etse Sikanku
39 mins -
Ensign Global College marks 10th anniversary with 9th congregation
46 mins -
Over 80 educational projects to be commissioned this week
4 hours -
Kuami Eugene shows leadership; mobilises fellow artistes for peace song
6 hours -
The JOY Prime Made in Ghana Fair: Why not miss it!
6 hours -
GPL 2024/25: Struggling Asante Kotoko aim to bounce back against high-flying Nations FC
6 hours -
GES Deputy D-G admonishes students to uphold integrity and teamwork
7 hours -
Election 2024: Osabarima Dr Owusu Beyeeman advocates for peace
7 hours -
Fashion at Joy Prime Made in Ghana Fair
9 hours -
Alan Kyerematen wanted me to be his running mate – Okyeame Kwame
9 hours -
AFCON 2025Q: Otto Addo calls up Jerry Afriyie, two others for Niger clash
11 hours -
Vacant Seats: Supreme Court failed to strengthen Ghana’s democracy – NDC’s Beatrice Annan
11 hours