Bond market: Total market turnover increased by 45% to ¢582.64m

October 11, 2023 / Comments (0)

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Trading on the secondary bond market was upbeat last week.

This is partly on the back of positive remarks from the International Monetary Fund, following the first review of Ghana’s $3 billion Economic Credit Facility.

Investors exchanged a total volume of ¢582.64 million, representing a 45.26% increase week-on-week in Government of Ghana bonds.

The February 2027 and February 2028 papers jointly dominated trading activity, contributing 84% out of 107 trades recorded during the week and over 90% of the market turnover.

Bond yields at the front of the LCY curve declined 187 basis points to 12.47%.

Analysts expect trading activity to remain strong this week due to improving investor confidence.


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