The Week in Numbers: What GH¢11.69 to the dollar and 5.5% inflation mean for you
Five figures that moved your money this week: inflation, the cedi, the policy rate, T-bills and the stock market.
The week in five numbers highlights the financial and economic situation in Ghana. Inflation rose to 5.5% in the year to October, with prices increasing in transport and services while food prices fell. The cedi exchanged for GH¢11.69 to the dollar, impacting the cost of imports like fuel and medicine. The Bank of Ghana's policy rate remained at 14%, leading to falling average lending rates and slightly smaller returns for savers.
The GSE composite index closed the week at 13,960.40 points, down 0.29% but up 59.2% on the year. These figures impact households in various ways, including higher costs for essential goods and services and shifts in investment opportunities.
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