THE UNITY BANK DIGEST – JANUARY 21, 2020

Dear Subscriber,

Why not renovate now

Do you know that the dry season (Harmattan) is the only window for painting your house? Starting a home renovation and seeing it through can be a long and difficult task, but once it is done it brings a sense of joy and accomplishment. While renovating your comfort zone might not seem very appealing at first, according to Forbes, increased happiness is found in the home once the project is complete.

So as we set into the New Year if one of your goals is to remodel your home, why not take that big step now.

The lifestyle section of this digest explores the benefits and challenges faced when taking this decision as well as tips to make the process easier.

Inflation up, month-on-month stable, future uncertain & volatile

Headline inflation increased by 13bps to 11.98% from 11.85% in November. This means that inflation averaged 11.39% in 2019 from 12.15% in 2018. The increase in the consumer price index was partly due to higher money supply and seasonal demand in December. Rising inflation will be a key consideration of the Monetary Policy Committee (MPC) at its next meeting on January 23/24. This increases the probability that the Committee will tighten its policy stance.

This edition of the Unity Bank Digest provides further insight on the December inflation figure and other global and domestic issues including the Australian bushfires, US-Iran conflict and the new cocoa cartel between Ivory Coast and Ghana.  Also, look out for social stories such as the Golden Globes and CAF awards.

It promises to be a great read.