Bond market: Total market turnover tumbles by 69.51% to GH¢154.70m

June 5, 2024 / Comments (0)

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The secondary bond market activity saw lacklustre sessions for the second straight week.

Total volume of transactions decreased by 69.51% week-on-week to GH¢154.70 million.

Trading activity was tilted towards the front end of the LCY yield curve, which constituted about 96% of market turnover.

Activity tumbled from the belly to the tail of the curve.

Analysts believe the $250 million inflow from the World Bank aimed at supporting the Ghana Financial Sector Strengthening Strategy (FSSS), could improve investor confidence in the bond market.  

Yields on the money market could maintain the downward trend but at a slower pace.

This would have an impact on the secondary debt market.


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