Market Updates
Current market trends
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Wed Apr 23 2025
Investor caution gripped the Ghana Fixed Income Market last week, as trading volumes plunged by over 34%—signaling a......
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Mon Apr 14 2025
SIC Insurance Company emerged as the top performer with a remarkable 20% increase in value, showcasing strong investor confidence, while CAL faced a decline of 2.78%, reflecting potential challenges in its market position.
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Tue Apr 08 2025
Ghana's annual consumer inflation fell for the third month to 22.4% in March 2025, reaching the lowest in five months, helped by the stability of the cedi. Still, the inflation rate remains well above the Bank of Ghana’s 8%...Read more
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Wed Apr 02 2025
This week, the commodities market saw a mixed performance, driven by notable price fluctuations. Gold prices surged from $3,018.2 to $3,085.2 per troy ounce week-on-week (w/w). The precious metal posted a 1.05% weekly gain. Meanwhile, Brent crude oil futures posted a 1.17% weekly gain, increasing from $72.16 to $73.63 per barrel. Oil prices reported a week-high of $74.03 on March 27. Crude oil rose by 6 million barrels, while gasoline fell by 1.6 million barrels. Investors are also awaiting the OPEC+ meeting next week.
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Tue Mar 25 2025
Treasury Bills auction saw an 18% under-subscription, attracting bids worth GH¢4.99 billion. However, in a strategic move, only GH¢3.31 billion was accepted, likely reflecting pricing considerations and liquidity management objectives. Equity trading skyrocketed, with total traded value surging by an astonishing 1,391.30% to GH₵51.45 million. This sharp rise signals a week of....
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Mon Mar 17 2025
The 2025 Ghana Budget projects a 4.4% real GDP growth, 11.9% inflation, and a primary surplus of 1.5% of GDP, with gross international reserves covering at least three months of imports.....
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Mon Mar 10 2025
Brent crude oil futures posted a 3.85% weekly loss, declining from $73.18 to $70.36, after US President Donald Trump threatened sanctions on Russia if it fails to reach a cease-fire with Ukraine. OPEC+ plans an output ...
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Mon Mar 03 2025
This week, trading on the local stock exchange booked a bullish performance, with total share volume surging by 431.16% to 16,405,940 shares, from last week's 3,088,699 shares. The total traded value also inched up by
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Mon Feb 24 2025
The yields on Ghana's Government of Ghana (GoG) Treasury Bills declined across the 91-day, 182-day, and 364-day tenors over the past week. The 91-day bill dropped from ...
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Mon Feb 17 2025
Interest rates on government securities show signs of easing, with Treasury Bill yields recording significant....
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Mon Feb 10 2025
The Ghana Fixed Income Market (GFIM) recorded a total trading volume of GH₵4.42 billion at the close of the week, reflecting a marginal increase from the GH₵4.21 billion reported in the previous week. This performance was achieved across 7,792 transactions, with Treasury bills dominating the market and accounting for 97.77%....
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Mon Feb 03 2025
Ghana has reached a significant breakthrough in its debt restructuring efforts, with all 25 participating creditor countries signing a....
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Mon Jan 27 2025
Gold surged to $2,770.14 per troy ounce this week, approaching its all-time high of $2,790. The rally was fueled by
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Tue Jan 21 2025
Scancom Plc, popularly known as MTN Ghana, closed trading on the Ghana Stock Exchange (GSE) at a record
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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
