Here, we delve into macroeconomic trends, monetary policies, and fiscal developments impacting the African economy.
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
Africa’s banking sector continues to demonstrate robust growth and resilience, with several institutions leading the way in terms of market capitalization. As of 2024, South African banks dominate the top spots, showcasing the strength and stability of the country’s financial system. Here’s a closer look at the largest banks in Africa by market cap. 1. … Read more
GCB Bank Limited emerged as the undisputed champion, showcasing a remarkable performance that eclipsed all other contenders. With a staggering 23.0% return in April 2024, GCB Bank reaffirmed its position as a stalwart in the financial sector. Let’s delve into the highlights of April’s stock market movements and examine the factors contributing to GCB Bank’s … Read more
The financial report for the first quarter of 2024 by Unilever Nigeria Plc reveals significant changes in the company’s foreign exchange revaluation, influenced by the volatile foreign exchange market in Nigeria. Key highlights from the financial report include: Read Also: Ghanaian Stocks November 2023 Insights and Year-End Strategies In summary, Unilever Nigeria Plc navigated the … Read more
Curtis W. Brantuo, the Deputy Managing Director of ARB Apex Bank PLC, has expressed optimism about achieving the World Bank’s Financial Sector Development Project (FSDP) goals in collaboration with Rural and Community Banks (RCBs) nationwide. In this post, we’ll delve into the details of the FSDP, the initiatives being implemented by ARB Apex Bank, and … Read more