Trading activity lost significant steam in the secondary bond market for Government of Ghana securities.
Investors exchanged ¢187.21 million largely across the 2027-2030 new papers, constituting over 95% of total market turnover. This is about 67% reduction over that of last week’s trading.
However, aggregate turnover on the secondary fixed income market increased marginally to GH¢1.38 billion, driven largely by activity in Treasury bills.
Market attention moved from the February 2027 paper to the February 2028 and February 2030 bonds, which jointly contributed 89% of the total volume traded.
The weighted average yield on the 2027-2030 maturities settled at 12.67%, while the 2031-2033 ended the week at 13.42%.
Analysts perceive an upturn in trading activity as declining inflation slightly improves Ghana’s economic outlook.
Myjoyonline.Com
