- The GSE-CI and GSE-FSI continued their poor run of performance with declines of 6.91 points and 12.58 points respectively, closing the week with year-to-date returns of -18.73% and -17.97%.
- Government exceeded its target for last week's auction by 12.38%, with 3bps increase in yields on the 91 and 182-Day Bills.
ECONOMIC SCOOP
Ghana’s debt stock increases by 1.66% between July 2020 and August 2020, while imports and exports tumble
- According to the latest Economic and Financial Data Report, Ghana’s debt stock rose from GHS 258.8 billion in July 2020 to GHS 263.10 billion in August 2020, increasing the debt-to-GDP ratio from 67.20% to 68.30%.
- The external component of the total debt stands at GHS 138 billion, with the domestic debt level at GHS 125.10 billion.
- The total cumulative value of imports and exports declined from GHS 9,149.60 million and GHS 10,570.60 at August 2019 to GHS million 8,304.30 million and GHS 9,622.30 million respectively.
Bank of Ghana to announce the Policy Rate today
- This follows the conclusion of the 96th Monetary Policy Committee meeting which was held from 22nd to 25th September 2020.
- 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.
