- Results on the local bourse was mixed at the end of last week's session as the GSE-FSI moved up by 0.68% while the GSE-CI moved south with a drop of -0.30%.
- Government surpassed its fundraising target by about a quarter, raising GHS 838.06m form short tenor securities as against a target of GHS 709.00m.
ECONOMIC SCOOP
Ministry of Finance projects Government's expenditure to total GHS 27.43b in the first quarter of 2021
- The Minister of Finance disclosed this estimate for expenditure during the presentation of Expenditure in Advance of Appropriation to Parliament on Wednesday 28th October 2020.
- Revenue and Grants for the period is expected to total GHS 13.3b.
- The Ministry forecast yearend 2021 GDP growth to be 5.70% and fiscal deficit at 8.30%.
- The Government intends to source between US$ 3b and US$ 5b to support the 2021 budget and liability management.
