According to a weekly market evaluation, Ghana's inflation increased by 308.7% between January 2022 and October 2022.

The yield on treasury notes has increased at a pace of 184.33%, 176.74%, and 118.39% since the beginning of the year 2022, according to a report by the Young Investors Network and NIMED Capital Network.

The reference rate for Ghana started the year at 13.90% and rose steadily throughout the course of the year to 32.83% in December 2022, representing an increase of 136.19% year-to-date.

The CEDI/USD pair on the forex market increased by 4.17% or 0.5459 pesewas to GH12.5580 week over week.

The CEDI/POUND pair rose 3.99% or 0.6397 pesewa to GH¢15.3955 week-on-week and the CEDI/EURO pair surged 3.73% or 0.5130 pesewa to GH¢13.2258 week-on-week.

The market report also stated that the Ghana Stock Exchange closed relatively low during the week after registering two (2) losses with no advancers.

The losses were recorded in Unilever Ghana (-9.83%) and NewGold (-21.06%).

However, among the top 10 strongest economies, Ghana came last with a nominal GDP of $73.894 billion and $2,303.290 per capita income.

Disclaimer: This document does not constitute an offer to buy or sell any securities, nor is it meant to encourage an offer to do so. Before purchasing any security, investors are urged to consult with their respective investment houses for independent advice. This document's facts and opinions were gathered from or arrived at after doing our best to rely on credible sources. Although great care has been taken in the preparation of this paper, NIMED CAPITAL and the Young Investor Network, as well as any team member, make no guarantees as to the accuracy of the information included within. This report's conclusions and projections are subject to change after publication at any moment without prior notice.