Market activity on the bond market was very slow last week.

According to trading results, investors continued to narrow their view on the secondary market with only five Government of Ghana (GoG) bonds trading on the Ghana Fixed Income Market (GFIM).

However, aggregate turnover rose 281.67% to ¢237.81 million as the February 2037 paper moved most volumes. It accounted for 91.44% of total face value traded.

Due to limited market activity, there was not much price action on the secondary market, as most trades were around par levels.

Analysts expect market activity to bounce back after the payment-in-kind valuation challenges on the new bonds are resolved.

Source: myjoyonline.com