Market Updates
Current market trends
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Mon Dec 30 2024
The yields on Ghana's Government of Ghana (GoG) Treasury Bills increased across all tenors during the current week. The 91-Day Bill rose by..
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Tue Dec 17 2024
This week, trading on the local stock exchange booked a bearish performance, with total share volume declining by 69.49% to 5,038,065 shares, down from...
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Fri Aug 16 2024
KEY HEADLINES Government of Ghana misses Treasury Bill auction target for five consecutive weeks. With a target value of $20 million, the Bulk Oil Distribution Companies (BDCs) Forward Rates auction ended with a rate of GHS 15.73. (Bank of Ghana, 2024). Ghana Government Advances Transparency and Environmental Integrity in Clean Stove Carbon Finance. (Ghana Carbon
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Fri Aug 09 2024
KEY HEADLINES Bank of Ghana imposed sanctions on forty-seven (47) individuals and two-hundred and forty-five (245) business entities for persistent issuance of dub cheques (Bank of Ghana, 2024) The FinTech Sector reports a 19.1% uptick in total transaction volume and a 37.3% uptick in total transaction value in Q2 compared to Q1
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Fri Aug 02 2024
KEY HEADLINES Bank of Ghana Launches Centralized Foreign Exchange Trading Platform to Enhance Financial Integrity and Oversight. (Bank of Ghana, 2024) The Bank of Ghana has announced the results of the recent Forex Forward Rates Auction for Bulk Oil Distribution Companies (BDCs). The auction concluded with a forward rate of GHS15.5647 per US Dollar
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Fri Jul 26 2024
KEY HEADLINES Government has reached a preliminary agreement with the Eurobond holders’ committees to restructure approximately US$13.1 billion in outstanding Eurobonds. (Mid-Year Fiscal Policy Review, 2024) Ghana’s Petroleum Funds Thrive with Strategic Investments, Yielding Robust Returns in H1 2024. (BoG, 2024) Monetary Policy Committee maintains rate at 29 percent (BoG, 2024) National Insurance Commission (NIC)
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Fri Jul 19 2024
KEY HEADLINES BoG Closes Dek-Nock Investment for Unauthorized Deposit-taking (BoG, 2024) Government is set to launch a Growth and Opportunity Programme to offer coordinated support for the growth of small and medium-sized enterprises in Ghana. (Ministry of Finance, 2024) CalBank PLC Reports Strong Recovery in Half-Year Unaudited Results. (CitiNewsroom, 2024)
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Fri Jul 12 2024
ECONOMIC REVIEW Ghana’s GDP grew by 4.7% year-on-year in the first quarter of 2024, its strongest expansion since Q4 2021, rising from 3.8% in the previous quarter. Index Current Previous Trend GDP Annual Growth Rate 4.7% 3.8% ▲ Monetary Policy Rate 29.0% 29.0% – Inflation Rate 22.8% 23.1% ▼ Source(s): GSS, BoG Conversely, annual consumer
