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August 17, 2019
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This week, global equity and bond markets went into a tailspin, following an inversion of the U.S yield curve which spooked recession concerns. However, strong U.S retail sales data which serves as a proxy for consumer spending tapered the fears of an imminent recession, steering a breather across markets today.
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August 17, 2019
With system liquidity currently constrained, the Interbank call rate advanced 629bps to settle at 18.00%.
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August 17, 2019
The Bank of Ghana has, with effect from today, revoked the licences of twenty-three (23) insolvent savings and loans companies and finance house companies (see Annex 1).
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FMDQ Fixings Data
(Delayed by 12 Hours)
Tenor Rate (%) Change (%)
O/N 10.75 Proshare-3.25
1M 14.0817 Proshare0.05
3M 12.5398 Proshare-0.19
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Ginger 301,000.00 0.00
Cocoa 700,000.00 0.00
Sorghum 83,000.00 0.00
Paddy Rice 127,000.00 126.96
Soybean 162,000.00 225.92
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