coupon

Trading of Government of Ghana papers in the local bond market regained steam last week as the total weekly volume traded improved 18.09% week-on-week to ¢1.40 billion. The February 2027 (coupon: 8.35%) paper gained traction in last week’s trading, as it matched the February 2030 (coupon: 8.80%) bond, to jointly contribute 60% of total market turnover. Notably, the average yield for the 2027 to 2030 tenors increased by 205 basis points to 20.05%, while the 2031 to 2034 papers traded around 15.72%, down by 96 basis points. Analysts expect trading activity to remain lively in the bond market in the…