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Investment

GSE Composite Index dips

At the close of trading, fourteen equities registered activities on the Ghana Stock Exchange on Tuesday, with three laggards as the benchmark GSE-Composite Index shed 0.4 per cent to close at 2,875.4 points. Nordea Capital Investment Stock watch obtained by the Ghana News Agency indicates that Societe Generale lost by …

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World Bank provides additional funding for GCAP

The World Bank has provided an additional funding of $50,000 to the Ghana Commercial Agriculture Project (GCAP), to facilitate its projects, especially the rehabilitation of the irrigation scheme, across the country. The Project funded by the World Bank and the USAID and being implemented under the auspices of the Ministry …

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Equity investors remain apprehensive as cedi depreciates

Investors continued to sell their holdings in Ghanaian equities as the Cedi depreciates. In effect, the benchmark index extended losses into yet another week, losing 2.4 per cent on a week-on-week basis to close at 2,918.3 points. This represents a year-to-date return of 13.1 per cent, Nordea Capital Investment Stock …

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Anglogold Ashanti expected to inject $880m in Obuasi Mines  

Parliament has approved a development agreement between the Government of Ghana and Anglogold Ashanti (Ghana) Limited, for the mining company to make a capital investment of $880 million into Obuasi mine, which has seen a lull in its activities for some time now. The agreement, whose execution would end by …

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Ghana stock closes week with block trade

Trading closed on the bourse with a block trade in the shares of Ice and citrus maker, Fan Milk Limited with no price change; Nordea Capital Investment Stock Expert review to the Ghana News Agency on Friday indicated. According to the Nordea Capital stock analysis, the benchmark Ghana Stock Exchange …

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GCNet pays GH¢8m dividend to government

The Ghana Community Network Services Limited (GCNet) on Tuesday presented a final dividend of GH¢8 million to government, bringing the company’s total dividend payment for 2017 to GH¢17 million. GCNet had earlier this year, paid an interim dividend of GH¢9 million in respect of government’s equity holdings. Speaking to reporters …

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GHL Bank receives $15m boost for mortgage loans

GHL Bank has received $15 million from the African Development Bank to boost access to home ownership for lower-middle to middle-income Ghanaians. The move will further entrench the GHL Bank’s market leadership for providing affordable housing in Ghana and help Ghanaians in these income brackets to actualise their dreams of …

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Akufo-Addo urges businesses to work for success of SDG’s

President Nana Addo Dankwa Akufo-Addo has rallied Chief Executive Officers (CEO’s) of leading Ghanaian and multinational businesses operating in the country to give strong backing to efforts at attaining the United Nations (UN) Sustainable Development Goals (SDGs). He reminded them that as primary promoters of social and economic transformation, they …

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KEDAN to pump $5m into another maize factory

KEDAN Agribusiness Solutions Limited aims to inject five million dollars by 2019 to increase daily production capacity of the newly installed 30 metric tons maize processing factory in Tumu in the Sissila East Municipal capital. The amount is expected to improve the company’s working capital for raw material aggregation, construct …

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