- Losses in three stocks outweighed gains in three stocks to push the year-to-date returns on the GSE-CI and GSE-FSI to -14.88% and -12.55% respectively.
- Government raised funds in excess of its target with increase in yields at the 91 and 182-Day Bill maturities.
ECONOMIC SCOOP
Ghana’s GDP grew by 4.90% in the first quarter of 2020
- The provisional real quarterly GDP growth rate was 4.90% as measured by the production approach, compared to 6.70% for the same period in 2019.
- The Services sector recorded the highest growth rate of 9.50% in the quarter and also accounted for the biggest contribution to GDP at 48.30%.
- In nominal terms at current prices, GDP was at GHS 92.49b at the end of the quarter as against GHS 84.85b at the end of Q1 2019.
