Category: Invest In Ghana
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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…
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GIPC woos Air Malta to begin operations in Ghana by 2nd quarter of 2020
The Ghana Investment Promotion Centre (GIPC), says it is working to have Air Malta, Malta’s national carrier, to begin operations to Ghana by the end of the 2nd quarter of this year. This will make Ghana the first destination of the Airline in Sub-Saharan Africa. Currently, the airline which has its hub at the Malta…
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SEC set to issue new licenses to streamline investment banking activities
Capital market operators who would like to engage in assisting firms to raise capital in the form of Initial Public Offerings and bonds should be ready to obtain separate licenses for such activities anytime soon. It follows plans by the regulator, the Securities and Exchange Commission, SEC, to ensure sanity in the market. This will…
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Investors urged to understand risk-return profile before investing on Stock Market
Investors have been cautioned against following the bandwagon when it comes to investing on the Ghana Stock Exchange this year. According to the General Manager of UMB Stockbrokers, Ben Ackah, investors need to prioritize understanding their risk-return profile before investing in popular stocks. The risk–return spectrum, also called the risk–return trade-off or risk–reward, is the…
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Boost TOR’s capacity and spend less dollars on oil import – Energy Consultant
An Energy Consultant with Petroleum Development Oman, an exploration and production company, Yusif Sulemana has called for the immediate retooling of the Tema Oil Refinery, TOR, to play its role of refining crude oil within the petroleum value chain. His call comes barely a month after Ing. Herbert Ato Morrison was appointed Managing Director of…
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Coronavirus may impact Chinese investment in Ghana — Lloyd Amoah
The Director of the Centre for Asian Studies at the University of Ghana, Dr. Lloyd Amoah, says a minimal reduction in investment inflows to Ghana from China can be expected as authorities in the second biggest economy in the world battle to control the novel coronavirus. Trade between Ghana and China at the end of…
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Moody’s rating influenced coupon rates for US$3billion Eurobond – Lord Mensah
The government’s successful issuance of a US$3 billion Eurobond in three installments has been partly attributed to the recent improvement in Ghana’s ratings from a stable outlook to positive by international rating agency, Moody’s. Moody’s based its rating on what it calls rising confidence in Ghana’s institutions which are expected to lead to stability in…
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Akufo-Addo wants increased UK investments in Africa
President Akufo-Addo has called on the United Kingdom to increase its investments in Africa. The President made the call during the first UK-Africa Summit held in London earlier this week. The Summit is to lay the foundation for new partnerships between the UK and African nations based on trade, investment, shared values, and mutual interests.…
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Ghana signs deals worth GH¢2.35 billion at ongoing UK-Africa Investment Summit
The government of Ghana has signed commercial deals with UK firms worth more than GH¢2.35 billion for some five projects including an upgrade of the Kumasi Teaching Hospital in the Ashanti Region. The deals, which were signed on the sidelines of the UK-Africa Investment Summit, according to the UK’s Department for International Development and Department…
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Chamber of Mines calls for better engagement with stakeholders to sustain mining sector growth
The Ghana Chamber of Mines has called for prioritization of improved collaboration among all stakeholders in the mining sector in the coming year. This, the chamber says, will ensure sustained growth of the sector, which continues to be a key driver of economic growth in the country. According to the 2020 budget Statement and Economic…