Bond market sees 34.33% surge in turnover

The secondary bond market for Government of Ghana papers witnessed a notable surge in trading activity last week, as market turnover soared by 34.33% to reach GH¢1.76 billion.

Notably, instruments positioned along the belly of the local currency (LCY) yield curve dominated proceedings, accounting for approximately 63% of the total volume exchanged.

Analysts also observed sustained interest in longer-dated maturities, which constituted 32% of the market turnover.

However, looming challenges in the form of widespread internet disruptions, stemming from multiple undersea cable breakdowns, cast a shadow over market dynamics for the week ahead.

The anticipated slowdown in exchange volumes underscores the vulnerability of financial operations to external infrastructural vulnerabilities, warranting close attention from market participants and regulators.

Source:norvanreports