Trading activity slumped on the secondary market last week, as total value traded on Government of Ghana bonds decreased 90.12% to ¢23.50 million.
According to the trading results, trades on the new bonds continue to hover around par levels as the few recorded trades do not materially influence prices.
Investors have narrowed their view on the secondary market with more focus in money market securities while valuation issues continue to plague interest in the new bonds.
Analysts therefore expect limited activity for Government of Ghana bonds on the secondary market as valuation uncertainty persists.
Interest in Treasury bills on the secondary market is expected to soar, reducing investor participation in bonds.
last week, market activity on the bond market was very slow.
According to the trading results, investors continued to narrow their view on the secondary market with only five GoG bonds trading on the Ghana Fixed Income Market (GFIM).