market watchers remain cautiously optimistic
The cedi has continued to gain ground in the foreign exchange market, thanks to progress made in negotiations with bilateral creditors.
Available data show that the domestic cedi rallied against its major trading currencies last week on the interbank market. The local unit gained 0.77...
The bond market witnessed a significant increase in volume as trades in the new bonds experienced an uptick last week, reaching GH¢227.44million - a 459 percent increase from the previous week's GH¢40.72million.
Despite the increase in volume traded, liquidity on the fixed-income secondary market was lower than in the previous...
The Managing Director of Stanbic Investment Management Services (SIMS), Kwabena Boamah, has encouraged investors not to lose hope in Ghana’s economy. Speaking on the sidelines of the March 2023 edition of the Graphic Business/Stanbic Breakfast Meeting in Accra, Kwabena Boamah said even though investor concerns are understandable, they should...
The Treasury exceeded its Issuance target for Q1 2023 by approximately GH¢8.25billion, issuing GH¢36.41billion in total; thus frontloading its capital raising requirement on the money market due to limited investment options available to investors, resulting in higher demand for short-term securities.
B&FT’s analysis of the issuance data reveals that the demand...
Activity has returned to the nation's primary debt market for the first time since conclusion of the Domestic Debt Exchange Programme (DDEP), following the formal listing of a fresh corporate bond issuance by financial services provider Bayport Savings and Loans on the Ghana Fixed Income Market (GFIM).
This comes as...
As AGI warns of dire consequences for businesses
The Dean of the University of Cape Coast (UCC) Business School, Professor John Gatsi, has expressed doubts about government's ability to bring down inflation by more than 2,000 basis points by end of the year, given the recent passage of new...
The Ghana Climate Innovation Centre (GCIC) with support from Ernst and Young (EY), organized two Policy Alternative for Green Economy round table sessions on Supporting the Green Economy of Ghana.
The first dialogue focused on Benefiting from the Global Carbon Trade Market: The Case of Green Businesses in Ghana, whilst...
The decline in yields across the market’s short-term spectrum has halted, signlling a reversal of the cost-cutting move by the Treasury to keep yields on the low at around 15 percent for the 91-day T-bill. This is amid liquidity-tightening efforts by the Bank of Ghana (BoG).
At the BoG’s March...
cites diversification
CI closes Q1 at 14-month high
Capital market participants remain confident that the equities space will maintain its recovery throughout 2023, following its performance in the first accounting period of the year.
The market, as measured by the Ghana Stock Exchange Composite Index (GSE-CI), closed the quarter strongly...