Bond market: Total turnover dips by 0.52% week-on-week to GH¢836.30m
Source
The Ghana Report
Trading activity on the secondary bond market dipped 0.52% week-on-week to GH¢836.30 million.
Notably, the February 2028 (Coupon: 8.5%) bond gained traction as it constituted 55% of the aggregate market turnover.
The front end of the LCY yield curve ended its declining streak last week, as the average Yield-To-Maturity on the 2027-2030 papers increased slightly by 4.0 basis points to 15.3%.
Analysts, however, expect investors’ sentiments to improve in the bond market. This is partly due to Ghana’s agreement with official creditors on debt treatment, which will help unlock the $600 International Monetary Fund second tranche.
Additionally, they believe the favourable inflation numbers will augur well for bond market activity in the near term.