Bond market: market turnover dropped by 68% to GH¢564.40m

March 27, 2024 / Comments (0)

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The total volume exchanged on the secondary bond market for Government of Ghana papers lost steam last week.

Market turnover declined sharply by 68.0% week-on-week to GH¢564.40 million last week.

Notably, the decline in market activity was largely driven by an 83% week-on-week decrease in exchange activity across the belly of the LCY yield curve.

However, market activity returned to the shorter-dated securities, constituting half of the weekly aggregate market turnover.

Analysts expect exchange volumes to remain sluggish due to a shorter trading week following the Easter festivities.

However, they are optimistic that the positive Gross Domestic Product numbers for final quarter of 202 will likely trigger some market activity on the back of an improving economic outlook.


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