There have been some mixed activities on the market, with gainers outweighing the laggards on Ghana's exciting capital market. For example, the market recorded four gainers as against a loser during the trading of October 5, 2010, boosting the rise in GSE All Share Index up, while volume of shares traded was 171,052.
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG), predicted that the decline in inflation which is continuously on since last 12 months may continue till 2011, during its last meeting on September 24. It also said that it will happen at a slower rate anchored on lower food prices and a stable exchange rate.
These initial conditions are expected to contribute favourably in ensuring that inflation stays within the target, the Governor of BoG, Paa Kwesi Amissah Arthur, said. He also said that there were some elements of risks and uncertainties that could impact the scenario. From the starting of the year, T Bill rates have been going down. Inflation started the year at 14.78 percent but has since declined to 9.4 percent.
Head of Treasury at BoG, Francis Andoh, said that Ghanaian investors were demanding higher yields on the securities after accelerating inflation eroded the value of their investments. “With slowing inflation, you do not foresee any pressure on the rates going up,” he said.