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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 inflatio

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