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Investment

Ghana stock market opens week with a dip

The Ghana Stock Exchange (GSE) Composite Index lost 1.7 per cent to close at 1,794.7 points. The GSE-Financial Stock Index also dropped by 2.4 per cent to close at 1,684.3 points. Trading on the second week of February started on a bearish note as 20 equities recorded movements with seven …

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CPC leads gainers on Ghana stock market

The Cocoa Processing Company (CPC) led the gainers for the first week of February trading on the Ghana Stock Exchange (GSE) as it appreciated by half its value +50 per cent to close at GH¢0.03 per share.  The Standard Chartered Bank climbed by 15.2 per cent to close the week …

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South Africa Investors to invest in Ghana

Madam Lulu Xingwana, the South Africa High Commissioner, has called on African business leaders to consider rural areas in their investment options. She said the business community should look at projects, which could be operated in the rural areas to create the needed development to their various countries. Madam Xingwana …

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Finance officers train on Public Financial Management Law

Dr Eric Oduro-Osae, Public Financial Management Expert, has called on finance and budget officers at the local government level to adopt and adapt to the new Public Financial Management (PFM) Law. Dr Oduro-Osae was speaking during a sensitization workshop on the new PFM Act, 2016 (ACT 921) in Accra. The …

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Standard Chartered Bank appoints first female CEO for Ghana

Mansa Nettey The Standard Chartered Bank has appointed Mrs Mansa Nettey, subject to regulatory approval as its first female Chief Executive Officer in the Bank’s 120-year presence in Ghana effective March 1, 2017. Mrs Nettey takes over from Mr Kweku Bedu-Addo, who has also been appointed CEO, South Africa and Southern …

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GIPC says 2016 second quarter FDI records considerable improvement

The Foreign Direct Investment (FDI) results recorded during the second quarter saw a considerable improvement on the levels recorded in the first quarter of 2016 and the corresponding quarter of 2015.  In the second quarter of 2016, the Ghana Investment Promotion Centre (GIPC) continued to stay on course to achieve its target for …

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Shama Community Co-operative Credit Union raises capital adequacy to 17%

The Shama Community Co-operative Credit Union Limited (SHACCU) last year recorded an impressive fiscal performance by raising its capital adequacy ratio to 17 per cent beyond their targeted15 per cent. Mr  Kwaku Nyarko Addo, Chief Executive Officer of SHACCU said despite the numerous challenges within the year under review, the credit union …

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GCB Bank shares displays optimistic signs on Ghana stock market

The GCB Bank registered optimistic progression at the Ghana Stock Exchange (GSE) as it gained 0.3 per cent to close at GH¢3.98 per share and Ecobank Ghana moved up 0.4 per cent to close at GH¢6.90 per share. Trading ended with price movements in 13 equities with six price changes; …

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Commission suspends licenses of two investment companies

The Securities and Exchange Commission (SEC) has suspended the licenses of Met Capital Group Limited and Mec-Ellis Investments Limited – both investment advisors- for breaching some provisions of the Securities Industries Law.       “The Commission kindly requests any person who has given funds to Mec-Ellis and Met Capital Group, for …

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Ofori-Atta pledges to transform national economy

Ken Ofori-Atta – Finance Minister designate Mr. Ken Ofori-Atta, Monday assumed office as the Finance Minister, with a pledge to grow Ghana’s economy for the prosperity and well-being of the citizenry.  Mr Ofori-Atta, who brings to the Ministry more than 30 years’ experience in the Ghanaian and international financial sector, wss sworn-into …

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