Category: Markets
-
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…
-
Cedi may not depreciate significantly for the rest of 2020 – Economist
An economic analyst with Databank, Courage Kwesi Boti has said he does not expect the cedi to depreciate significantly against major trading currencies at least for the remainder of the year. The local currency witnessed a 2.53 percent depreciation against the dollar from January to July 2020. A look at the performance of the local…
-
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…
-
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…
-
Prices of foodstuff to go down this month – ESOKO Ghana predicts
Commodity Analyst, Esoko Ghana, says the prices of some foodstuff are likely to see a further reduction in the month of August. The prediction is based on the rains witnessed in the first half of the year as well as the easing of COVID-19 restrictions. In July, there was significant price reductions for some commodities…
-
Ghana’s stock market records 17% drop from Jan. to June due to impact of COVID-19
The novel Coronavirus pandemic, which has claimed over half a million lives globally, has devastated economies and businesses, aside from revealing weaknesses in global health systems and supply chains, especially in Africa. While its spread has benefited some businesses, it has left many others in jeopardy, hitting listed companies on the stock market in Ghana.…
-
Esoko urges gov’t to speed up warehousing project to tackle post-harvest losses
A Commodity price survey service company, Esoko Ghana, has asked government to speed up its construction of warehouses to prevent post-harvest losses as the harvest season for farmers inches closer. Government in 2018 launched the one district, one warehouse project, to provide storage for farm produce. For many years, post-harvest losses have become a common…
-
Agbogbloshie & Mallam Atta Markets: Traders lament impact of heavy rains on patronage
The onset of the rains in Ghana around this time is largely a blessing for the population engaged in farming, especially because irrigation facilities are woefully inadequate, making all-year round farming challenging. However, aside from the floods that render many homeless, some traders at the Agbogbloshie and Mallam Atta Markets in Accra say the rains…
-
Inflation rises to 11.3% in May 2020 as food prices continue to go up
The continuous rise in prices of food items pushed Ghana’s inflation up to 11.3% in May 2020. This means that between May 2019 and the same period in 2020, the prices of items have increased by 11.3%. This figure is also 1.7 percentage points higher compared to the 10.6% inflation recorded in April 2020. The…