Bonds turnover slumps by 80.81% to GH¢17.34 million

Activity on the secondary bond market reduced sharply in the past week by 80.81% to record GH¢17.34 million.

The reduction was attributed to the posture of investors who were quite indecisive about assessing cash coupons on new bonds.

The decline was partly attributed to a contraction in trades across the 2027-2030 maturities of the new papers.

Bond prices also saw some steady increases, in response to the latest coupon payments by the government.

In that light, bond market activity is expected to see some upticks in the end-of-month portfolio adjustments from pension funds and other asset managers.

SSD/NOQ

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