Secondary market witnesses strong momentum with GHS 1.6bn in trades
Last week witnessed a notable surge in trading volumes on the secondary market, both for bills and bonds, as reported by GCB Capital Research.
Aggregate trades reached an impressive GH¢1.6bn, registering a substantial week-on-week growth of 58.5%.
Of particular interest, bonds played a significant role, constituting approximately 39% of the total value traded.
Investors demonstrated considerable appetite for these instruments, as trades were skillfully dispersed across the yield curve.
Moreover, new bond offerings were seen to be attractively priced, hovering around par levels.
The market’s notable performance underscores the resiliency and attractiveness of Ghana’s debt instruments, as investors actively sought opportunities to participate in the country’s debt market.
With analysts closely monitoring the developments, the financial landscape remains under watchful scrutiny to capitalize on emerging prospects.
