Author: Bobbie Osei
-
Position yourself to take advantage of AfCFTA – Akufo-Addo to GSE
President Nana Addo Dankwa Akufo-Addo has charged the Ghana Stock Exchange to strategically position itself to be able to attract more local and sub-regional companies to list on the local bourse. According to him, the siting of the Secretariat of the African Continental Free Trade Area (AfCFTA) and the coming implementation of the agreement, offers…
-
COVID-19: Gold and less volatile currencies growing in attractiveness – Economist
A lot of investors the world over have been shaken by the Coronavirus pandemic and the associated fear has compelled individuals to move their funds from one investment option to the other in order to protect their gains. As the world deals with the Coronavirus pandemic, investors are increasingly moving their funds from stocks, bonds…
-
Valuation of consumer stocks decline by as much as 56% on Ghana Stock Exchange
Food and consumable sector stocks performance on the Ghana Stock Exchange were significantly poor for the first half of 2020 compared with their performance in the same period in 2019. All the three food and consumable sector stocks on the local bourse– Guinness Ghana Breweries, Unilever Ghana and Fan Milk –as of June 2020, had…
-
Valuation of financial stocks decline significantly on local bourse
Financial sector stocks performance on the Ghana stock exchange were generally poor for the first half of 2020 when compared to their performance in the same period in 2019. Currently, 12 financial sector companies are listed on the local bourse, consisting of 10 banks and 2 insurance companies. The GSE Financial Stocks Index (GSE-FSI) which…
-
GOIL records highest profit growth since 2016
GOIL Company Limited now GOIL Company Limited (PLC), has recorded its highest growth in 3 years. The company whose share price witnessed a drop of about 45 percent in 2019, said its impressive performance should improve demand for its shares which will boost its share valuation on the Ghana Stock Exchange. The company reported a…
-
PPI declines for first time in 4 months to 9.3% in July
The Producer Price Index has for the first time since the novel Coronavirus was reported in Ghana in March reduced marginally. The index which measures the average change over time in the prices received by domestic producers for the production of their goods and services decreased from the 9.5% recorded in June to 9.3% in…
-
Financial stocks likely to bounce back post-COVID and 2020 polls
The poor performance of financial stocks on the Ghana Stock Exchange for this year has been generally attributed to a combination of poor public sentiments, the fallouts from the banking sector reforms as well as the impact of COVID-19. This was made known by the Head of Research at Databank, Alex Boahen. The GSE Financial…
-
Increase investment in anti-fraud training for financial sector employees – E-Crime Bureau
The Central Bank along with individual financial institutions have been charged to channel more resources into the training of staff to help reduce employee involvement in fraud cases in the banking sector. The latest banking industry fraud report from the Bank of Ghana revealed an alarming rate of involvement of employees of banks in perpetrating…
-
Account for funds secured for COVID-19 interventions – Terkper to Gov’t
Ahead of the presentation of the 2020 Mid-Year Budget Review to Parliament on Thursday, July 23, 2020, a former Finance Minister, Seth Terkper, has challenged government to come clean on the use of the various funds set aside to deal with the impact of the COVID-19 pandemic. In dealing with the impact of the ravaging…
-
Stakeholders call for inclusion of relevant groups in drafting agric sector policies
The under-performance of the agriculture sector in Sub-Saharan Africa has been attributed largely to the failures in agricultural policies, weak institutions, and poor governance. On the policy front, some stakeholders have bemoaned the lack of input from smallholder farmers and other relevant groups. To cure this, the African Center for Economic Transformation (ACET), has launched…