Bonds Archives - Wontumi Online

30 Aug

Bonds Turnover Slumps By 80.81% To GH¢17.34 Million

wontumionlineBusinessBonds

Activity on the secondary bond market reduced sharply in the past week by 80.81% to record GH¢17.34 million. The reduction was attributed to the posture of investors who were quite indecisive about assessing cash coupons on new bonds. The decline was partly attributed to a contraction in trades across the 2027-2030 maturities of the new papers. Bond prices also saw some steady increases, in response to the latest coupon payments by the government. In that light, bond market activity is expected to see some upticks in the end-of-month portfolio adjustments from pension funds and other asset managers. …

15 Apr

Pay Us All Our Outstanding Coupons, Principals By April 28 Or We Resume Picketing – Pensioner Bondholders Forum To Government

wontumionlineBusinessBonds, coupons, Dr. Adu Anane Antwi, Pensioner Bondholders Forum, principals

The Pensioner Bondholders Forum has threatened to resume its picketing at the premises of the Ministry of Finance if the government fails to pay all outstanding coupons and principals of bond investments by April 28, 2023. This it believes will put an end to the payment delays. In a statement signed by its Convener, Dr. Adu Anane Antwi, it expressed disappointment about the government’s inconsistency regarding assurances to pay all pensioners their outstanding coupons and principals of bond investments. A Press Release dated April 14, 2023 from the Ministry of Finance indicated that a meeting held with the leadership of…

28 Feb

Payments Of Coupons, Principals Of Old Bonds To Resume By March 13 – Finance Ministry

wontumionlineBusinessBonds, coupons, fixed income market, ministry of finance, principals

In fulfillment of government assurance to bondholders who did not tender their old bonds, the Ministry of Finance is taking administrative steps to ensure that payments of coupons and principals of the old bonds resume by March 13, 2023. In a statement, the Ministry, however said the newly issued bonds have been settled and listed and will become the new benchmark bonds for the fixed income market. “The Ministry of Finance will work with relevant stakeholders, as agreed, to ensure that these new benchmark securities become the basis for deepening the domestic sovereign debt market”, it pointed out. S&P rating…

21 Feb

Bonds Constituted 76.4% Of Banks Investments In 2022

wontumionlineBusinessBoG, Bonds, Domestic Debt Exchange Programme, T-Bills

Securities or long-term debt instruments or bonds were the largest components of banks’ investment portfolios in 2022. This is despite the Domestic Debt Exchange Programme. According to the Bank of Ghana, its share increased to 76.4% in December 2022 from 75.3% in December 2021. The share of short-term bills or Treasury bills in total investments, however, declined to 23.3%, from 24.4% over the same comparative period. Also, the share of equity investments remained negligible at 0.3%. Banks investments contracted by 4.8% in 2022 Meanwhile, banks investments contracted by 4.8% to ¢79.2 billion in December 2022 from a growth of 29%…

19 Oct

Rising Inflation To Continue Posing Risk To Yields On T-bills – Report

wontumionlineBusinessBonds, Inflation, upside risk, yields

The rising inflation will continue to pose an upside risk to yields on Treasury bills and other short-term securities. According to a report by Databank Research, investors will continue demanding higher yields to compensate for the rising inflation. “Headline inflation came in at 37.20%, fueled by housing and utilities, household furnishings, and transport. We expect investors to continue demanding higher yields to compensate for the rising inflation”. Inflation has been surging and it’s uncertain whether the rate will fall anytime soon. Though interest rates have been rising, investors are not so much enthused about the yields because it is far…