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.
- The Green Card initiative for climate change support
NEWS HIGHLIGHTS
CURRENT INFLATION RATE: 23.2%
CURRENT MONETARY POLICY RATE: 29.0%
BoG to continue ‘Gold for Reserves’ programme to prop up reserves
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said tat the central bank exceeded its reserve target by almost US$ 1 billion in 2023 with the help of the domestic Gold for Reserve programme.
IMF bailout: Government reaches debt treatment agreement with Official Creditors
The Government of Ghana has reached a debt restructuring agreement with its official creditors under the Group of 20 (G20) common framework. The Ministry of Finance announced the agreement in a statement dated January 12, 2024.
GSE ends 2023 Composite Index with 28.085 gain – Report
Despite facing challenges in the capital market throughout the year, the Ghana Stock Exchange (GSE), closed 2023 with the Composite Index showing a remarkable gain of 28.08%, marking a significant turnaround compared to the 12.38% loss recorded in 2022.