THE JCS JOURNAL
THE MONTHLY NEWSLETTER OF JCS INVESTMENTS LIMITED
This Month’s Newsletter entails:
- The current inflation rate and monetary policy rate as provided by the Bank of Ghana.
- News highlights on the financial and banking sector of the Ghanaian Economy.
- Details on a new book released by the CEO of JCS Investments Ltd.
NEWS HIGHLIGHTS
CURRENT INFLATION RATE: 54.1%
CURRENT MONETARY POLICY RATE: 27.0%
Government to borrow 2.42bn in T-bills this week
The government will borrow 2.42 billion cedis in treasury bills to refinance the upcoming maturities of 2.22 billion cedis in this week’s T-bill auction.
Bond market turnover increased by 150% as investors prepare for debt exchange programme.
Total market turnover on the bond market increased by 150.30% to 1.17 billion cedis during the week under review as more bond transfers were recorded.
Zenith Bank Ghana ceases operations as a trustee in securities industry and capital market
The Securities and Exchange Commission (SEC) has announced that Zenith Bank Ghana has voluntarily ceased to operate as a trustee in the securities industry in the capital market.