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: 52.8%
CURRENT MONETARY POLICY RATE: 29.50%
Ghana misses restructuring target in blow to ailing currency
Ghana’s cedi, the world’s second-worst performing currency this year, is heading for more pain after the country missed a self-imposed deadline to restructure its bilateral debt and move closer to tapping foreign aid.
Activity on the bond market set to increase
Market participants are optimistic that the bond market will open up to more trade, following a successful settlement of the new bonds and the valuation complications being dealt with.
T-bills yield records huge fall as government corrects anomalies
Treasury bills witnessed another high patronage even as government measures to correct interest rate anomalies pushed the yields significantly lower from the 35 percent levels.