Bond market: Trading activity rebounds; total market turnover hits record ¢1.26bn
Source
The Ghana Report
Trading activity for the Government of Ghana bonds rebounded after losing significant steam in the prior week.
Impressively, the total volume traded advanced significantly, reaching a post-Domestic Debt Exchange Programme (DDEP) record high of ¢1.26 billion.
The February 2028 (coupon: 8.5%) and February 2030 (coupon: 8.8%) papers constituted 87% of the total market turnover.
The 2027 to 2030 tenors traded around a weighted average yield of 14.46%, while the 2031 to 2033 papers were exchanged at 13.52%.
With investors gradually regaining confidence in the Ghanaian economy, the bond market is likely to continue to record improved trading activity this week.