West Affica

Ghana Cocoa Regulator Is Said to Face $280 Million Shortfall

Posted on by The Editorial Team
Ghana Cocoa Regulator Is Said to Face $280 Million Shortfall

ACCRA (Capital Markets in Africa) – Ghana’s cocoa regulator is facing a 1.25 billion ($285 million) cedi budget shortfall for the new harvest as the world’s second-biggest producer of the beans is keeping farmer pay unchanged even after global prices slumped, according to two people familiar with the matter. At a forecast crop of 850,000 metric tons for the new season through September, the Ghana Cocoa Board will lose 1,481 cedis per ton after all expenses are paid,…

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Nigerian Breweries Buoys Market Performance…NSE ASI marginally up 1bp

Posted on by The Editorial Team
Nigerian Breweries Buoys Market Performance…NSE ASI marginally up 1bp

LAGOS (Capital Markets in Africa) – The Nigerian equities market closed flat as the All Share Index rose 1bp to settle at 25, 251.63 points, while YTD loss of the index was unchanged at -6.0%. The major drivers of the positive performance today were NIGERIAN BREWERIES (+4.3%), FBNH (+3.2%) and ACCESS(+2.5%) as market capitalisation rose N741.4m to N8.7tn. Activity level strengthened as volume and value traded rose 26.9% and 181.1% to 131.2m units and N2.8bn…

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