market turnover

Trading activity lost significant steam in the secondary bond market for Government of Ghana securities. Investors exchanged ¢187.21 million largely across the 2027-2030 new papers, constituting over 95% of total market turnover. This is about 67% reduction over that of last week's trading. However, aggregate turnover on the secondary fixed income market increased marginally to GH¢1.38 billion, driven largely by activity in Treasury bills. Market attention moved from the February 2027 paper to the February 2028 and February 2030 bonds, which jointly contributed 89% of the total volume traded. The weighted average yield on the 2027-2030 maturities settled at 12.67%,…

Total market turnover on the secondary bond market upsurged by 91.52% week-on-week to ¢336.87 million. This shows that activities on the bond market are improving. The upturn in aggregate market turnover was on the back of a 92.54% week-on-week increase in the volume traded across the short-dated new bonds. The Local Currency Yield curve tilted northward, led by a 113 basis points increase in average yield at the belly of the yield curve. Analysts believe the Monetary Policy Committee’s decision to raise the policy rate to 30% could likely pose a downside to market activity as it favors treasury bills…