It seems that Bitcoin’s (BTC) impending death cross—a traditionally bearish technical pattern—is once again proving to be a contrary indicator, hinting at renewed bullish momentum, just as it did in September 2023. This is largely due to a significant statement made early Wednesday by Shinichi Uchida, the influential deputy governor of the Bank of Japan … 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
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
The Ghanaian government is exploring alternative revenue-generating measures following the abandonment of its value-added tax (VAT) on electricity earlier this year. One of the proposed solutions is to tax the foreign incomes of resident Ghanaians. In this post, we’ll delve into the details, implications, and significance of this proposed tax measure. Details of the Revenue … Read more
In an unforeseen turn of events, climatic conditions are dealing a severe blow to the global cocoa industry, catapulting cocoa prices to unprecedented heights. The current market is witnessing cocoa prices surging past $7,300 per metric tonne, a stark contrast to the $2,000/MT to $3,000/MT range observed over the past two decades. El Nino Southern … Read more
In financial technology (fintech), Ghana’s journey has been one of remarkable growth and resilience. The latest report from the Bank of Ghana unveils a fascinating narrative of progress, showcasing a significant surge in the value of local fintech transactions. Let’s delve into the key highlights of the report and explore the trends shaping the fintech … Read more
As the sun sets on the last trading day of February 2024, the Ghana Stock Exchange (GSE) has recorded a robust performance, underscoring the resilience and growth potential of the country’s financial markets. The GSE, with its two distinct categories of listing – the Main Board and the Ghana Alternative Market (GAX) – has become … Read more