Bond market: Total turnover increased by 34.33% week-on-week to GH¢1.76bn
Source
The Ghana Report
The total volume exchanged on the secondary bond market for Government of Ghana papers maintained an upward trend last week.
The market turnover increased by 34.33% week-on-week to GH¢1.76 billion last week.
Notably, the market activity was driven by instruments at the belly of the LCY yield curve, constituting about 63% of the total weekly volume exchanged.
Additionally, analysts observed sustained activity across the longer-dated maturities, with 32% of the market turnover.
Looking into this week, there is a general internet challenge caused by multiple undersea cable breakdowns, which is substantial to hamper communication and operations among market players.
As a result, the exchange volumes may likely slow on the bond market.