Despite ongoing macroeconomic reforms, including the devaluation of the Nigerian naira, the country’s equity market and investment landscape continue to evolve, with a notable surge in strategic acquisitions and increased foreign investor participation. The impact of these developments has propelled the Nigerian Exchange to historic heights, with the NGX all-share …
Read More »Food suppliers to demonstrate at National Food Buffer Stock on June 13
The leadership of the National Food Suppliers Association has issued a release indicating plans to stage a demonstration at the National Food Buffer Stock next week. In its release, the suppliers said they are unhappy that they have not been paid by government for supplies made. The release issued on …
Read More »Government releases feeding funds to Buffer Stock Company, SHSs
The government has said it has released funds to the National Food Buffer Stock Company and the Senior High and TVET Schools across the country for feeding. In a statement, the government said GH¢126,000,000 had been released to the National Food Buffer Stock Company for non-perishable food items. GH¢72,106,603 was …
Read More »Aliko Dangote loses $700 million in July amid stock market sell-off, naira slump
Nigerian billionaire and leading industrialist Aliko Dangote has seen his net worth fall by $700 million since the start of July as a result of the double whammy of stock sell-offs on the Nigerian Exchange and the recent naira depreciation on the country’s official foreign exchange window. According to the …
Read More »Mining, finance, tech dominate local stock market
Stocks from three sectors – Mining, Finance and Technology – accounted for 94.5 percent of the market capitalisation of the Ghana Stock Exchange (GSE) at the close of the first half of the year, analysis by the B&FT has shown. Market capitalisation measures the total cedi market value of outstanding …
Read More »Meet the 10 richest investors on the Ghana Stock Exchange in 2022
Despite the impact of the COVID-19 epidemic on financial assets, company operations, and financial performance, the Ghana Stock Exchange is ready for a fresh start after providing outstanding profits to investors and other market players in 2020 and 2021. The GSE Composite Index (GSE-CI), a weighted index comprised of all listed ordinary …
Read More »The top 7 Ghanaian earners on the Ghana Stock Exchange
• Some individuals have been earning significantly on the Ghana Stock Exchange • The earnings are based on figures from investment agencies accompanied with recent annual reports from capital market registrars • The list includes Daniel Ofori, Frank Adu Jnr, and Joseph Siaw Agyepong While stock trading may come with …
Read More »Ghana’s debt stock hits GH¢304.6 billion – BoG
Latest figures from the Bank of Ghana’s Summary of Economic and Financial Data show that Ghana’s debt stock rose by GH¢13 billion to hit GH¢304.6 billion as of March 2021, representing 70.2% of Gross Domestic Product (GDP). The additional GH¢13 billion debt came about between December 2020 and March 2021. …
Read More »Why Rural Banks must consider listing on the alternative stock market
Rural and Community Banks (RCBs) were established with untraded shares issued and purchased mostly by the people and businesses in the catchment areas within which they operate. People residing in the communities were encouraged to own shares in these rural banks. The shares issued by these rural banks were …
Read More »GSE is Africa’s best stock market in 2021 Q1
The first quarter (Q1) of 2021 saw the Ghana Stock Exchange top the African stock market with an annual return of 14.62% in dollar term for investors. The performance of the market translated into an improved market capitalization of GH¢57.16 billion at the end of March this year. The …
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