GHGB Commentary

A flat session recorded in GHGB trading last week Friday. Notable GHGB trades were in Dec-21 and Nov-26 at 19.15% and 20.50% respectively. At the weekly auction, the GoG sold GHS699 million in 91-day bills at 13.95%, GHS117 million in 182-day bills at 14.02% and GHS18 million in 364-day bills at 16.75%. In the week ahead, we expect trading activity to pick up stimulated by local real money. On the data end, Apr CPI data is due on Wednesday, 13th May 2020.