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: 42.2%
CURRENT MONETARY POLICY RATE: 29.50%
Collapsed banks breached several banking regulations reforms not due to political reasons – Financial Analyst
A financial analyst Dr. Samuel Dawson, has defended the central bank and the government for reforming the banking sector which led to a robust, sound and safe banking sector.
UK, Ghana launch new investor group to scout for top investment opportunities
The UK and Ghana has launched a new investor group to identify mutual beneficial investment opportunities for both countries in a boost to the existing economic partnership.
Banking shareholders’ funds contract by 20.15% to GHC 21.1bn
According to the banking sector Development Report by the Bank of Ghana, the decline in shareholders’ fund came from the moderation in banks’ reserves on account of losses made by the banks in 2022 financial year.