- There was mixed results on the local bourse as the GSE-CI posted gain of 0.79% while the GSE-FSI suffered a decline of -0.80%.
- Government raised a total of GHS 534.16m, exceeding its target amount of GHS 484.00m by 10.36%.
ECONOMIC SCOOP
IMF forecasts Sub-Saharan Africa’s economy to shrink by 3.20% in 2020
- The International Monetary Fund (IMF) has revised its growth forecast for Sub-Saharan African downward from its earlier projected contraction of 1.60% to 3.20% contraction.
- This new projection comes on the back of revised global economic contraction of -4.90% as a result of the economic fallout of the COVID-19 pandemic
- However, the IMF expects economic growth in the region to rebound to 3.40% in 2021 following continued easing of restrictions across the region.
