- There was mixed performance on the local bourse at the end of last week's trading session. While the GSE-CI lost -0.43% over the week, the GSE-FSI recorded an uptick of 0.29%.
- On the secondary market, Government raised a total of GHS 806.94m from 91 and 182-Day Bill issuances, exceeding its target amount of GHS 577.00m.
ECONOMIC SCOOP
Government to announce bailout package for clients of defunct Fund Management
- Over the weekend, the Securities and Exchange Commission (SEC) announced that the government was expected to announce a bailout package for 53 bankrupt Fund Management Companies (FMCs) clients.
- According to SEC, the package will be issued in phases with the first phase covering customers of the twenty-two (22) firms currently under official liquidation.
- A statement released by the Securities and Exchanges Commission ( SEC) clarified that, the Official Liquidator, the Registrar General, will disclose information of the payment process to affected clients in September 2020.
