• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

GCB anticipates rise in inflation for fourth consecutive month

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
98
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

GCB anticipates rise in inflation for fourth consecutive month

In August, inflation in Ghana is poised to surge once more, as the nation grapples with a sustained reliance on short-term funds by the Treasury, according to a report by GCB Capital Research. The anticipation of higher inflation comes on the heels of an ongoing trend reversal in inflationary pressures since May 2023.

GCB Capital Research, ahead of the eagerly awaited August 2023 inflation data release scheduled for Wednesday, expects that Ghana’s headline inflation will extend its upward trajectory for the fourth consecutive month. The driving forces behind this inflationary trend reversal have been multifaceted, with factors such as new revenue interventions, upward adjustments in utility tariffs, and persistent pressures on food prices playing significant roles.

Although the influence of the revenue measures may be diminishing, the relentless climb in food prices has sustained the upward pressure on inflation, countering the potential benefits of a favorable base effect that commenced in May 2023.

Responding to the elevated risks associated with high inflation, negative real returns on fixed-income investments, and lingering market uncertainties, investors have consistently sought higher yields at T-bill auctions. This has partially reversed the interest savings realized following a significant reduction in T-bill yields post-DDEP.

The Treasury’s strategy of yield compression post-DDEP successfully reduced the interest rate on the 91-day tenor by approximately 17%, moving from 35.75% pre-DDEP to 18.53% by March 20, 2023. However, beyond April, the continued reliance on money market borrowing, coupled with limited external funding sources, has sustained the uptick in yields. Investors have demanded commensurate compensation to account for the prevailing macroeconomic and fiscal uncertainties in the short term.

Currently, the average weighted T-bill clearing yields span a range between 27.8% and 32%. These rates are likely to persistently climb as long as inflation remains a primary concern and the Treasury maintains its appetite for short-term funding.

RelatedPosts

The 10 Fastest-Growing Trading Nations in Africa

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert

Inside Details of Presco’s $172m Acquisition of SOP, Ghana Oil Palm Firm

No Result
View All Result

Highlights

Africa’s Richest Economy’s Currency Hits Nine-Month High as Fed’s Dovish Signal Weakens Dollar

Trump Weighs Using $2 Billion in CHIPS Act Funding for Critical Minerals

Moving Gold, Moving Economies: The Rise of Migrant Women in Zimbabwe’s Mining Sector

Senegal and Mercedes-Benz Partner to Build Trucks

INTERPOL Recovers Over $90 Million From African Crime Syndicates

Djokovic and Gauff Gear Up for US Open with Strategic Focus

Trending

Business

The 10 Fastest-Growing Trading Nations in Africa

August 23, 2025

The 10 Fastest-Growing Trading Nations in Africa Against the backdrop of shifting dynamics in global trade, several...

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert

August 23, 2025

Inside Details of Presco’s $172m Acquisition of SOP, Ghana Oil Palm Firm

August 23, 2025

Africa’s Richest Economy’s Currency Hits Nine-Month High as Fed’s Dovish Signal Weakens Dollar

August 23, 2025

Trump Weighs Using $2 Billion in CHIPS Act Funding for Critical Minerals

August 23, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.