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US Dollar: CPI holds key after jobs-driven support – OCBC

OCBC’s Christopher Wong notes that stronger US payrolls initially lifted the US Dollar (USD) and US Dollar Index (DXY), but softer wage growth and only modest Fed repricing capped gains.

US Dollar: CPI holds key after jobs-driven support – OCBC

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Money supply increases to 28.5% year-on-year in June 2026

According to the Bank of Ghana, the increase in broad money growth was largely driven by a significant build-up in Net Foreign Assets (NFA), as well as growth in Net Domestic Assets (NDA).

  • Ghana's M2+ money supply grew 28.5% year-on-year in June 2026
  • Net Foreign Assets (NFA) contribution rose to 14.8% in June 2026
  • Net Claims on Government (NCG) influence on NDA growth increased to 4.9%

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