Here, we delve into macroeconomic trends, monetary policies, and fiscal developments impacting the African economy.
Consolidated Bank Ghana (CBG) has reported its highest quarterly revenue since its inception, posting an impressive GH¢1 billion in Q3 2024. This milestone reflects the bank’s continued growth and strategic focus on innovation and customer-centric solutions. Profit before tax experienced an extraordinary surge, rising to GH¢169.9 million, a staggering 3,105% increase from GH¢5.3 million in … Read more
Navigating the mortgage landscape in Ghana is essential for aspiring homeowners and real estate investors looking to make informed financial decisions. Mortgages provide a means of financing home purchases, but for many, understanding the options, processes, and requirements is critical to making wise investments. Here’s a primer on how mortgages work in Ghana, the types … Read more
Tesla (TSLA) saw a significant surge in premarket trading, rising over 12% early Wednesday morning, as investors reacted to Donald Trump’s presidential election victory. Tesla’s CEO, Elon Musk, who supported Trump’s campaign, was prominently mentioned by the president-elect in his victory speech. Trump described Musk as a “super genius,” saying, “We have to protect our … Read more
October proved to be a strong month for several equities on the Ghana Stock Exchange, with notable gains among financial, consumer, and petroleum companies. This article provides a breakdown of top performers, both for October and year-to-date, highlighting key equities that outperformed the market in recent months. Equity Share Price (GH¢) October Returns Full Year … Read more
As of September 30, stocks have shown a strong overall performance, with a 39.59% increase across the market, while financial stocks specifically rose by 15.19%. Below is a summary of the performance of individual stocks: Stocks overall are up a strong 39.59% as at September 30 and financial stocks are up 15.19%. See how all … Read more
On September 27, 2024, the Nigerian All-Share Index (ASI) saw a slight decline, dropping by 0.07% or 64.88 points to close at 98,458.68. This dip came in spite of a significant surge in market volume, indicating a complex day of trading. Market Activity and Volume Surge The day was marked by a robust increase in … Read more
Several commercial banks in Ghana have reintroduced charges on foreign currency accounts, a move that has left many customers dissatisfied. These fees, which had been suspended under regulatory pressure, are being implemented as banks face increasing operational costs tied to new regulatory directives from the Bank of Ghana. In recent days, some banks have informed … Read more
As we move into the final quarter of the year, it’s essential to evaluate the stock market performance to guide investment decisions. Here’s a snapshot of the August returns and full-year performance of various equities in the market, highlighting the best and worst performers. Top Performers in August Top Performers for the Full Year Notable … Read more
The International Trade Centre (ITC), through its ‘One Trade Africa Initiative’ and the Alliances for Action (A4A) programme, in collaboration with Afreximbank and the ECOWAS Commission, recently organized a comprehensive workshop on exporting in Accra. The event aimed to equip Ghanaian small and medium-sized enterprises (SMEs) with the knowledge and skills necessary to leverage the … Read more
The stock market saw significant movements in July, with several companies experiencing notable gains while others remained stable or faced declines. Here’s a concise summary of the key performers and trends observed in the equities market. Equity Share Price (GH¢) July Returns Year-to-Date Returns MTN Ghana Ltd 2.34 29.3% 67.1% Total Petroleum Ghana Ltd 12.33 … Read more