Ghana | - Part 31

Ghana Market Watch | June 4th 2015: Ghana equity adds market cap of GHS 8 million, composite index up

Accra, Ghana (Capital Markets in Africa):- Ghana equity markets ended bullish at end of today trading session. The benchmark composite index gained 0.01 points (about 1.38 percent) to end the day at 2,366.47, increasing the year- to- date return to 4.66 percent. However, the financial Index plummeted by 0.67 points or 0.03 percent to 2,420.10 with a year-to-date return of 7.84 percent. However, the market capitalization added nearly GHS 8.00 million (0.01 percent) to settle at GHS 64,598.02 million. From the market activity…

Broadly stable outlook for Sub-Saharan African sovereign credit quality

Posted on by The Editorial Team

London (Capital Markets in Africa):- The credit quality of sovereigns in Sub-Saharan Africa (SSA) over the next 12-18 months will be supported by strong infrastructure investment, structural reforms and competitiveness gains from currency depreciation, says Moody’s Investors Service in its latest sovereign outlook for the region. However, lower oil and commodity prices, uneven global growth, latent political risk and tighter external financing conditions pose challenges of different magnitudes to the region’s economies. The report, “Sovereign…

Ghana Market Watch | May 14th 2015: Ghana market closed neutral today…

Posted on by The Editorial Team

Accra, Ghana (Capital Markets in Africa):- Ghana Stock exchange close neutral today, with the benchmark Composite index and financial index remained steady to close trading at 2,301.02 points and 2,333.81 points respectively. Likewise, the market capitalization remained unchanged at GHS 63,606 million. Market activity was very low with total volume of 1,500 shares and total turnover of GHS 3,736.00 (lower than previous trading turnover by c.99.97 percent) exchanged in two shares. The two shares traded today were HFC Bank Limited Ghana…

Ghana Market Watch | May 11th 2015: Ghana Composite Index gains 0.13%

Posted on by The Editorial Team

Accra, Ghana (Capital Markets in Africa):- Ghana Stock exchange ended in positive territory today, with the benchmark Composite index rose by 20.99 points (0.13%) to close trading at 2,276.02 points; this brings its year-to-date performance to 0.66%. Likewise, the financial index added 20.86 points (0.85%) to close at 2,319.35 points (3.38% year-to-date performance). The market capitalization was recorded at GHS 63,399 million. A market activity measured by volume was recorded at 497,535 shares valued at GHS…

Ghanaian bank capital adequacy at 17.9% says IMF

Posted on by The Editorial Team

Accra, Ghana (Capital Markets in Africa):– According to the International Monetary Fund (IMF), the risk-weighted capital adequacy ratio of banks operating in Ghana reached 17.9% at the end of 2014 relative to 18.5% at end-2013 and 18.6% at end-2012; while the banks’ Tier-One capital ratio stood at 15.3% at end-2014, up from 14.7% at end-2013 and down from 16.4% at end-2012. The sector’s core liquid assets were equivalent to 26.8% of total assets at the end of 2014 relative to…

AFIG Funds invest in Primrose Properties Ghana Ltd

Posted on by The Editorial Team

Advanced Finance and Investment Group (“AFIG Funds”), manager of the Atlantic Coast Regional Fund (“ACRF”) is pleased to announce that it has completed an investment in Primrose Properties Ghana (“PPG”), a leading real estate development company based in Accra, Ghana. Primrose is focused on the development of commercial and residential properties and has developed a solid track record in Ghana’s growing real estate market. The ACRF investment will allow PPG to fund an attractive pipeline…

African Market Watch: Thurs, 16th April 2015

Posted on by The Editorial Team

BRVM [The Regional Stock Exchange, Cote d’Ivoire]: BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session today, higher than the previous day for both BRVM 10 index and BRVM Composite. BRVM 10 index rose from 271.78 to 273.94 points, a gain of 0.79%. BRVM Composite index gained 0.51% to 263.17 against 261.83 points previously. The equity market capitalization was recorded at XOF 6,492.71 billion. Likewise, the traded value was recorded at XOF…

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