- GSE-FSI goes into double-digit loss for the first time in 2020 following price declines in four financial stocks.
- The Government of Ghana (GoG) yield curve witnesses downward shift across the short tenor securities.
ECONOMIC SCOOP
Food inflation remains elevated as May inflation closes at 11.30%
- Headline inflation rose to 11.30% in May compared to 10.60% in April 2020.
- Food and non-alcoholic beverages prices was at 15.10% up from 14.40% in the prior month.
- Non-food inflation also went up by 0.70% to close the month at 8.40%.
- With the ongoing closure of Ghana’s borders imported inflation remains low at 4.80%, while local inflation was 14.10%.
