Bond market: Total market turnover dips 26.86% to ¢160.04m

September 27, 2023 / Comments (0)

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The secondary bond market was lackluster last week, with a lifeless week opening and a rebound in the last two trading sessions.

Investors exchanged ¢160.04 million across various maturities with much interest in the 2027-2030 bonds.

Consequently, total market turnover contracted 26.86% week-on-week.

However, the new bonds at the tail of LCY curve recorded no trades.

The average yield on the 2027-2030 maturities settled at 14.3% (+144 basis points week-on-week), while the 2031-2033 end gained 54 basis points week-on-week to 12.77%.

Analysts expect the sizeable decline in Ghana’s headline inflation to engender favourable investor confidence and increased bond market activity in the coming sessions.


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