- On the back of gains in MTNGH (1.67%) and EGH (1.00%), the two major indices on the GSE trended upwards last week.
- Against a target of GHS 1,012.00m which the Government sought to raise from 91 and 182-Day Bills, a total of GHS 1,179.40m was raised from these issuances. Also, a total of GHS 371.72m was raised from the rollover of a maturing 2-Year Bond, falling short of a target of GHS 1,200.00m.
ECONOMIC SCOOP
The Institute for Energy Security (IES) predicts between 3% - 5% increase in fuel prices
- The IES projects this increase to come into effect this week in the first pricing window of the month.
- This rise in prices is projected on the back of a likely extension of the period of production cuts by OPEC+ which could last up to the first quarter of 2021.
- At the end of November 2020, the price of Brent crude oil was up to around $48, the highest level since March this year.
