IGS FSL Investment Update WE 11-12-20
15th Dec 2020 | Source: igsghana.com
Weekly Highlights
• Yields on short-dated treasury securities witnessed mixed adjustment.
• Accra Bourse steeped up recovery to reduce year-to-date losses.
• Ghana cedi outmuscled the British pound and Euro.
• US equity market hit by stimulus talk deadlock.
• Brent crude oil nearly hit the $50.00 mark, as demand picks-up.
Macroeconomic Update
Inflation dropped to 9.8 percent in November
Consumer price inflation settled at 9.8 percent in November 2020. This represents a fourth consecutive decline and the lowest since April 2020. The 0.30 percent moderation spurred by reduced inflationary pressures within the food and non-alcoholic beverage sector, brought the rate into the inflation bound of 8±2 percent target, set by the Government. Food and non-alcoholic sector Inflation settled at 11.7 percent in November 2020 from a previous rate of 12.60 percent. Non-Food inflation was, however, unchanged at 8.30 percent for November 2020. Presented below is the trend analysis of the CPI.