The secondary bond market regained steam last week, as trading in Government of Ghana (GoG) papers reached ¢1.17 billion.
This represented 11.86% growth week-on-week.
Investors exchanged 78% of the aggregate volume traded across the front end of the Local Currency Yield curve.
On average, bond yields held steady on the market, with the 2027- 2030 weighted average yield gaining a basis point to 21.12.
Analysts expect trading to remain active across the shorter-dated bonds, while investors look forward to GoG’s budget for 2024 this week.
A promising 2024 Budget is expected to boost trade on the market.
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.
- President Commissions 36.5 Million Dollars Hospital In The Tain District
- You Will Not Go Free For Killing An Hard Working MP – Akufo-Addo To MP’s Killer
- I Will Lead You To Victory – Ato Forson Assures NDC Supporters
Visit Our Social Media for More