News headlines

Bond Market: Turnover Tumbled By 83.21% Week-On-Week To GH¢172.41m

The total volume exchanged on the secondary bond market for Government of Ghana papers declined by 83.21% week-on-week.

This reflected the lowest market turnover of GH¢174.41 million in 20 weeks.
The bond exchanges recorded for the week were almost evenly spread across the front and the tail end of the LCY yield curve, with no transaction at the belly of the curve.
The government during the week paid off coupon obligations on the new bonds, releasing a total of about GH¢5.1 billion to investors.
Analysts expect exchange volumes on the bond market to improve following the payment of coupons on the new bonds.
Meanwhile, depending on market conditions, the government may issue 2-year to 7-year notes in March 2024.
Credit: Joy Business 

NewsAfricaGh

News Africa Ghana is an online news portal dedicated to providing authentic news and current affairs to inform, educate, and empower the Ghanaian population and beyond. NewsAfricaGhana strives to be a relentless advocate for truth, providing a platform for diverse perspectives and opinions. The dynamic website, newsafricaghana.com, offers readers access to breaking news, commentary, and thought-provoking analysis, ensuring they stay informed and engaged with the world around them.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button