Ghana Capital Market |

Stocks in Economy With Best Growth Forecast Lead the World

ACCRA (Capital Markets in Africa) – The World Bank’s optimism about prospects for Ghana’s economy has proved a tonic for Accra-traded stocks: the country’s benchmark index sits atop the world as January draws to a close. The Ghana Stock Exchange Composite Index has gained 19 percent since the year began in dollar terms, the most among benchmarks tracked by Bloomberg. “We can’t discount the sentiment factor, the optimism in the market in terms of Ghana…

Ghana’s Largest IPO at Risk as Government Drags Its Feet

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ACCRA, Ghana, Capital Markets in Africa — The largest initial public offering in Ghana’s history is at risk of falling apart after Agricultural Development Bank Ltd. missed a deadline to submit results of the sale to the nation’s regulator. The lender is waiting for its owners — the Bank of Ghana and the Ministry of Finance — to sign off on the outcome of the IPO, Solomon Atefoe, a spokesman for the Accra-based bank, said Friday in a…

Ghana Equity Markets | 26 Oct 2015: Ghana equity starts in red, GSE All Share index marginally down, market cap drops US$2 Mill …

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Accra, Ghana, Capital Markets in Africa — The Ghana Stock Exchange equity trading opened the week in negative territory as indices and market capitalization down. The market capitalization declined by GHS 5.8 million (about US$1.5 million) to close at GHS 62,057 million relatively to a market capitalization of GHS 62,063 recorded at the previous trading session. The benchmark composite index marginally lost 1.60 points or 0.05 percent to close the day at 1,986.31 points, representing a year-to-date performance 0f…

Ghana Equity Markets | 22 Oct 2015: Ghana All Share index 10bps down, Financial index 0.14% lower, Investors lose US$ 3 Mill …

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Accra, Ghana Capital Markets in Africa — On Thursday, Ghanaian equity markets retreated to positive zone, as a result equities market capitalization lost GHS 10.6 million (about US$ 2.8 million) to close at GHS 62,066 million relative to market capitalization of GHS 62,076 recorded at the previous trading session. The benchmark composite index plunged by 0.10 percent or 1.93 points to close the day at 1,987.88 points, representing a year-to-date performance 0f -12.08 percent. The financial Index waned by 0.14 percent…

Ghana Equity Markets | 21 Oct 2015: GSE Indices Marginally Up, Investors gain GHS 5 Mill …

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Accra, Ghana, Capital Markets in Africa — The equity trading on the Ghanaian Stock Exchange (GSE) returned to positive zone, as a result the market capitalization rose by GHS 5 million to close at GHS 62,076 million relatively to a market capitalization of GHS 62,071 recorded at the previous trading session. The benchmark composite index marginally added 0.90 points or 0.05 percent to close the day at 1,989.81 points, representing a year-to-date performance 0f -11.99 percent. The financial Index remained unchanged…

Ghana Equity Markets | 20 Oct 2015: Ghana Stock Market Cap US$3 million down, indices marginally fall …

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Accra, Ghana, Capital Markets in Africa — On Tuesday the Ghanaian Stock Exchange (GSE) equities closed with negative momentum, as a result the market capitalization fell by GHS 9.5 million to close at GHS 62,071 million compared to a market capitalization of GHS 62,080 recorded at the previous trading session.3 The benchmark composite index dropped 1.74 points or 0.09 percent to close the day at 1,988.91 points, representing a year-to-date performance 0f -12.03 percent. The financial Index also sagged by 1.58 points…

Ghana Equity Markets | 19 Oct 2015: Market opens with a smile, indices and market capitalization increase …

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Accra, Ghana, Capital Markets in Africa — The Ghanaian Stock Exchange (GSE) equities opened the week in the bullish mood, and the market capitalization rose by GHS 35.71 million (about US$9.5 million) to close at GHS 62,080 million compared to a market capitalization of GHS 62,045 recorded at the previous trading session. The benchmark composite index surged by 2.78 points or 0.14 percent to close the day at 1,991.06 points, representing a year-to-date performance 0f -11.94 percent. The financial Index also…

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