- MTNGH posted a week-on-week gain of 1.75% to extend the GSE-CI's string of gains to three weeks.
- Government raised an amount of GHS 918.87m from 91, 182 and 364-Day Bills issuances at last week's auction, missing its target of GHS 1,225m by 24.99%.
ECONOMIC SCOOP
- The Institute of Fiscal Studies (IFS) urges Government to seek debt relief
- The IFS has advised that the Government of Ghana seek debt relief and cancellation from its major creditors as the COVID-19 pandemic is likely to deepen the country’s debt servicing expenditure.
- The Institute has also urged Government to increase its revenue mobilization efforts, especially from the extractive sector.
- National Board for Small Scale Industries (NBSSI) partners MasterCard Foundation to support Micro, Small and Medium Enterprises (MSME) with GHS90m
- The programme which is dubbed the NBSSI MasterCard Foundation Recovery and Resilience Program is expected to be launch on Wednesday 12th August, 2020.
- Beneficiaries from both the formal and informal sectors will receive financial support in the form of grants and soft loans.
- The programme will seek to focus on businesses with high young and women workforce and businesses that focus on digitalization to support MSMEs.
