- There was little shift on the local bourse as the GSE-CI moved up by 0.01% while the GSE-FSI was unchanged during the week, following an uptick of 0.93% in FML.
- At last week's auction Government missed its target by 21.45%, raising GHS 773.71m from 91 and 182-Day Bills.
ECONOMIC SCOOP
Bank of Ghana to update the market on its decisions from the MPC meeting today.
- The Monetary Policy Committee (MPC) of the Bank of Ghana is expected to announce the outcome of its 97th meeting held last week to review developments in the Ghanaian economy today.
- We expect the Policy Rate to be maintained at 14.50% as the Central Bank looks to create an enabling environment to spur economic activity.
Government approves partial bailout for Customers of collapsed Fund Management companies which are yet to be liquidated.
- The Securities and Exchange Commission has announced the Government’s directive to proceed with a partial refund for customers of the 27 remaining Fund Management firms which are yet to be formally liquidated.
- The exercise comes with a cap of GHS 50,000.00 for 92,460 claims against these firms.
