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US is leading source of remittances into Ghana in 2017

The largest source of  remittances inflows into Ghana in 2017 was the United States of America (USA), according to the World Bank. In that year an amount of $2.2 billion was remitted into the country, and that is a 4.3 per cent increase from that of 2016, making Ghana the …

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Ghana stock continues on bearish trend

The Ghana Stock Exchange (GSE) bourse continued on its bearish trend as investors continued to sell-off equities on the GSE largely on account of profit taking. The benchmark GSE-Composite Index thus dipped by 2.6 per cent on a week-on-week basis to close at 3,295.6 points, the fourth week of May …

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GOIL shares begin upward moves on stock market 

The shares of Ghana Oil Company Limited (GOIL) the nation’s foremost indigenous Oil Marketing Company (OMC), has started exhibiting signs of major upward movement on the Ghana Stock Exchange (GSE) as investors across board continue to take keen interest in GOIL shares. GSE Stock watchers has predicted that GOIL shares …

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Togbe Afede XIV leads trade mission to Zimbabwe

The World Trade Centre (WTC) , Accra, has embarked on a Trade and Investment Mission to Zimbabwe in Southern Africa. The delegation which was led by Chairman of the WTC, Togbe Afede XIV, was made up of business leaders with interests in finance, oil and gas, mineral exploration and aviation …

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Ghana stock market hits bearish trajectory   

The Ghana Stock Exchange (GSE) opened third week of May (21-25) transaction on a bearish note despite Bank of Ghana dropping the monetary policy rate by 100bps to 17 per cent. On the inter-bank market, the Cedi lost 0.02 per cent against the USD at GH¢4.4158.00, edged by 0.2 per …

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Cal Bank in talks with international partners to raise $200m

The Managing Director and Chief Executive Officer of Cal Bank, Mr Frank Adu said the Bank is in discussions with international partners to raise $200million to finance its operations. He said the funds if raised would be used to fund capital budget items such as assisting companies to acquire new …

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GSE Investor interest skews toward agribusiness

Trading in the mid-week session on the Ghana Stock Exchange (GSE) saw investor interest skewed towards the agribusiness, banking, insurance and petroleum sectors. In spite of the renewed interest, the GSE indices however continued on its downward trend as the benchmark GSE-Composite Index slipped by 0.4 per cent to close …

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GSE Financial Stock Index slips downward

The Ghana Stock Exchange (GSE) Financial Stock Index lost 0.5 per cent to close trading on Tuesday’ session at 3,130.9 points thereby forcing the Composite Index also to slip downward by 0.5 per cent to close at 3,407.3 points. Activities however improved over the previous session as losses were registered …

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Bearish sentiments dominate Ghana stock market activities

Investor confidence faltered as they bid down equities on the Ghana Stock Exchange (GSE) during the second week of May (7-11) transactions on Accra bourse, even  though activities was brisk compared to the  first week’s numbers.  In effect, the benchmark GSE-Composite Index declined by 0.6 per cent to close at …

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Ghana raises $2b sovereign bond 

Ghana has raised a total of $2 billion from its 2018 sovereign bond issuance, which was concluded on Thursday May 10, 2018 – an indication of a strong investor confidence. The 10-year bond raised $1.0 billion at 7.627%, while the maiden 30-year bond raised another $1.0 billion at 8.627%.  A statement, issued by the Public …

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