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Access Bank lists on Ghana Stock Exchange

Access Bank has listed its shares on the Ghana Stock Exchange, becoming the only bank with Nigerian ownership on the bourse. The listing also brings the number of companies on the bourse to 41. The Managing Director of Access Bank, Mr. Dolapo Ogundimu, described the listing as a land mark …

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Ghana Stock Exchange Christmas trading buoyant

The Ghana Stock Exchange (GSE) X’mas Week Composite market opened on a bullish note as transactions were recorded in 13 equities with seven price changes in an advance to decline ratio of 5:2. The volume traded was 170,625 shares, which were valued at GH¢316,016.39. The benchmark GSE-Composite Index rose by …

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Benin to attract $760m in investments

The African Trade Insurance Agency (ATI) has expressed its readiness to support Benin with an estimated $760 million (FCFA 467 billion) worth of investments and trade projects. This is to support the government’s agenda to attract more investments by providing a substitute to government guarantees and providing products to protect …

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Agricultural Development Bank officially lists on Ghana Stock Exchange

The Agricultural Development Bank (adb) has officially been listed on the Ghana Stock Exchange, becoming the 40th listed company and the fourth local bank on the market. The Bank, which began trading on the bourse on December 13, went through the formal ceremony after having successfully raised about GHC 325.7 …

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GSE-Composite Index makes gains

Consumer Price Inflation (CPI) dropped marginally by 30 Basis Point (BPS) to 15.5 per cent in November due to lower charges for utility and services, Nordea Capital stock market analysis made available to the Ghana News Agency in Accra on Monday stated. According to the Nordea Capital market analysis the …

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GSE mid-week composite index dropped marginally

The Mid-Week trading on the Ghana Stock Exchange (GSE) ended with transactions in 16 equities with four price changes; in effect the benchmark GSE – Composite Index dropped by 0.3 per cent to close at 1,578.0 points. The GSE-Financial Stock Index also declined by 0.5 per cent to close at …

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IFC and MIGA commit $517m to Ghana Sankofa Gas Project

The International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA), of the World Bank Group, today announced the commitment of $517 million in debt and guarantees to support Ghana’s Sankofa Gas Project, a press release issued today December 15, 2016 and copied to ghanabusinessnews.com says. The Sankofa project is …

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Chinese Fund invests $4b in Africa by end of November 2016 – Report

China has not obscured its interest in Africa. It has been clear in the last decade that it has interests in having a stake on the continent, and investing in Africa has been one of its strategies for economic control and influence. The China Africa Development Fund (CAD Fund) has …

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GOIL sets target for 2017

Ghana Oil Company Limited (GOIL) has set out strategic oil industrial revolution roadmap to ensure that indigenous Oil Marketing Companies (OMCs) dominate the downstream oil sector in 2017. The GOIL Indigenous Industrial Revolution roadmap seeks to focus on building a 13.5 million litre Marine Gas Oil (MGO) tanks at the …

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Two organisations introduce 4.5 million to agribusiness incubation in Ghana

Two organisations say they have introduced 4.5 million people in Ghana to agribusiness incubation. According to a press release copied to ghanabusinessnews.com, a memorandum of understanding was signed between the African Agribusiness Incubators Network (AAIN) and the Association of Small Scale Industries in Ghana (ASSI), which has 4.5 million members. …

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