DOCSLIB.ORG

2018 Annual Public Debt Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2018 Annual Public Debt Report The Annual Public Debt Report for the 2018 Financial Year Submitted to Parliament on Friday, 29th March, 2019 by Ken Ofori-Atta Minister for Finance In Fulfilment of the Requirements of Section 72 of the Public Financial Management Act, 2016 (Act 921) Annual Public Debt Report for the 2018 Financial Year The 2018 Annual Public Debt Report To purchase copies of the Report, kindly contact the Public Relations Office of the Ministry Ministry of Finance Public Relations Office New Building, Ground Floor, Room 001 and 003 P. O. Box MB 40 Accra – Ghana The 2018 Annual Public Debt Report is also available on the internet at: www.mofep.gov.gh 2 The 2018 Annual Public Debt Report Acronyms and Abbreviations ABED - Arab Bank for Economic Development ABN AMRO - ABN Amro Bank N.V. ABSA - ABSA Bank Ltd. ACRPL - Accra Compost & Recycling Plant Limited ADB - Agricultural Development Bank ADF - African Development Fund ATM - Average Time to Maturity ATR - Average Time to Re-fixing BAAG - Bank Austria AG BADB - Banco do Brasil BBNV - Belfius Bank NV/SA BBP - Barclays Bank Plc BELG - Government of Belgium BHI - Bank Hapoalim BMH - Mees Pierson NV BNDS - Banco Nacionale de Desenvolvimento Economico E Sociale BNP - Banque National de Paris BoG - Bank of Ghana BoP - Balance of Payments BOST - Bulk Oil Storage and Transportation Company Ltd BPA - Bui Power Authority CAL - CAL Bank Limited CBG - Consolidated Bank Ghana Limited CCAB - Credit Agricole CCMA - Cape Coast Metropolitan Assembly CCRB - Coöperatieve Central Raifffeisen-Bank (RaboBank) CDB - China Development Bank Corporation CITI - Citi Group Bank CMBK - Commerzbank CNY - Chinese Renminbi CSD - Central Securities Depository (GH) Limited CSI - Credit Suisse International CWE - China International Water & Electric Corporation DBI - Deutsche Bank, Italy DBSA - Deutsche Bank S.A. (Brazil) DESA - Deutsche Bank New York DOD - Disbursed Outstanding Debt DSA - Debt Sustainability Analysis DSRA - Debt Service Reserve Accounts EBID - ECOWAS Bank for International Development ECA - Export Credit Agency ECBT - Export Credit Bank of Turkey 3 The 2018 Annual Public Debt Report ECF - Extended Credit Facility ECG - Electricity Company of Ghana ECOWAS - Economic Community of West African States EDI - Euroget de Invest S.A. EIB - European Investment Bank EM - Emerging Markets EMEA - Europe, Middle East and Africa EUR - Euro EXIC - Export-Import Bank of China EXIM - Export-Import Bank of India EXUS - Export-Import Bank of U.S.A. FPSO - Floating Production Storage and Offloading FRG - Government of the Federal Republic of Germany FRGN - Government of France FX - Foreign Currency GACL - Ghana Airports Company Limited GBP - British Pound Sterling GCB - GCB Bank Limited GDN - Global Depository Note GDP - Gross Domestic Product GH¢ - Ghana Cedi GHS - Ghana Health Service GIFMIS - Ghana Integrated Financial Management Information System GFIM - Ghana Fixed Income Market GoG - Government of Ghana GPHA - Ghana Ports and Harbours Authority GPRC - Government of the People's Rep. of China GRIDCo - Ghana Grid Company Limited GRK - Government of the Republic of Korea GSS - Ghana Statistical Service GWCL - Ghana Water Company Limited HIPC - Heavily Indebted Poor Countries HSBC - HSBC Bank Plc ICBC - Industrial & Commercial Bank of China ICM - International Capital Market IDA - International Development Association IFAD - International Fund for Agric. Development IMF - International Monetary Fund INDG - Government of India ING - Internationale Nederlanden Bank IPO - Initial Public Offering ITG - Government of Italy JBRs - Joint Book Runners JICA - Japan International Cooperation Agency JPY - Japanese Yen 4 The 2018 Annual Public Debt Report KBCB - KBC Bank n.v KFED - Kuwait Fund for Arab Economic Development KMA - Kumasi Metropolitan Assembly LIBOR - London Interbank Offer Rate MDAs - Ministries, Departments and Agencies MMDAs - Metropolitan, Municipal and District Assemblies MMTL - Metro Mass Transit Limited MoF - Ministry of Finance MoH - Ministry of Health MoT - Ministry of Transport MPR - Monetary Policy Rate MTDS - Medium Term Debt Management Strategy NCBL - Nedcor Bank Limited NDF - Net Domestic Financing NIC - National Insurance Commission NITA - National Information Technology Agency NORB - Nordbanken International Division NPLs - Non-Performing Loans NPRA - National Pensions Regulatory Authority NTF - Nigeria Trust Fund o/w - of which ODA - Official Development Assistance OFID - OPEC Fund for International Development OPEC - Organization of the Petroleum Exporting Countries PDs - Primary Dealers PFM - Public Financial Management PGIS - Power Generation & Infrastructure Support Account PPP - Public Private Partnership PTIC - Poly Technologies Inc. China RZB - Raiffeisen ZentralBank Osterreich AG S&P - Standard & Poor's SARG - Government of Saudi Arabia SCB - Standard Chartered Bank. SDR - Special Drawing Rights SEC - Securities Exchange Commission SOE - State-Owned Enterprise SOGE - Societe Generale SPAG - Government of Spain SPV - Special-Purpose Vehicle SSNIT - Social Security and National Insurance Trust STC - State Transport Corporation T-Bill - Treasury Bill TDRL - TOR Debt Recovery Levy TDMD - Treasury and Debt Management Division TOR - Tema Oil Refinery 5 The 2018 Annual Public Debt Report UMaT - University of Mines and Technology UMB - Universal Merchant Bank UNCM - Unicredit Bank AG Munich UNCR - Unicredit Bank of Austria USD - United States Dollar VRA - Volta River Authority VTB - VTB Bank WEO - World Economic Outlook 6 The 2018 Annual Public Debt Report Table of Contents Acronyms and Abbreviations ............................................................................................... 3 Table of Contents ................................................................................................................ 7 List of Tables ....................................................................................................................... 9 List of Figures .................................................................................................................... 10 List of Appendices ............................................................................................................. 11 Foreword ............................................................................................................................ 12 Executive Summary ........................................................................................................... 14 Section One: Introduction .................................................................................................. 16 Section Two: Macroeconomic Developments for 2018 ...................................................... 18 Global Developments ..................................................................................................... 18 Domestic Developments ................................................................................................. 18 Section Three: 2018 Medium-Term Debt Management Strategy ....................................... 23 Section Four: Government Borrowing and Financing Operations ...................................... 26 Section Five: Gross Public Debt ........................................................................................ 28 Public Debt Dynamics .................................................................................................... 29 External Debt Stock ........................................................................................................ 30 Domestic Debt Stock ...................................................................................................... 37 Section Six: Liability Management Operations ................................................................... 46 Section Seven: Contingent Liabilities ................................................................................. 47 Recoveries On On-Lent Facilities ................................................................................... 47 Defunct Loans On Government Books ........................................................................... 47 Guarantees ..................................................................................................................... 48 Public Private Partnerships............................................................................................. 48 Credit Risk Assessment ................................................................................................. 49 Financial Sector Bailout .................................................................................................. 49 Section Eight: Other Finance Arrangements ...................................................................... 50 Energy Sector Bond ....................................................................................................... 50 Section Nine: 2019-2022 MTDS ........................................................................................ 52 Section Ten: Public Debt Management Reforms and Initiatives ........................................ 53 7 The 2018 Annual Public Debt Report Section Eleven: Conclusion ............................................................................................... 56 Glossary ............................................................................................................................. 58 Appendices ........................................................................................................................ 62 8 The
Load more

Recommended publications
  • Market Review [H1-2017]
    Half-Year Market Review [H1-2017] July 2017 Economic Overview GDP Growth: Aided by increased crude oil production, the economy expanded by 6.6 percent on year-on-year basis in the first quarter of 2017 compared to 4.4 percent in the same period in 2016. The non-oil sector GDP growth stood at 3.9 percent relative to 6.3 percent recorded for the same period in 2016. Economic growth has been weak since 2014, with GDP staying around 4 percent, due to lower prices for Monetary Policy Easing: The Bank of Ghana reduced commodity exports and a fiscal crisis. The government its policy rate by 300 basis points during the first half has projected a GDP growth of 6.3 percent in 2017. of the year citing positive inflation outlook and a Fiscal Deficit: Central government operations for the relatively stable Ghana cedi. The benchmark interest first half of the year was largely in line with targets in rate was lowered 200 basis points in March to 23.50 the 2017 budget. Fiscal operations for the first half percent and further lowered by 100 basis points in May resulted in a cash deficit of 2.7 percent of GDP, against to 22.50 percent. a set target of 3.5 percent, mainly due to expenditure controls even as revenue fell below target. Total Fixed Income Market expenditure stood at 23.0 billion cedis against a target of 27.6 billion cedis whereas total revenue and grants Yields on GoG domestic securities trended downwards stood at 17.5 billion cedis against a target of 20.5 during the first half of the year, signaling a drive billion cedis.
    [Show full text]
  • ABG Customer Digest 2017 Feb Edition 1
    CUSTOMERS’ DIGEST VOLUME 4 NO. 1 | JANUARY - FEBRUARY 2017 ISSUE ‘W’ initiative marks 2nd Anniversary with national women’s summit Product Focus Key Speakers at the National Women's Summit In its maiden edition marking International Women’s Other speakers and panellists who took turns to speak at Day and coinciding with the 2nd year anniversary of the event were the CEO of Airtel Ghana and Access Access Bank’s award winning “W” initiative, the Bank’s ‘W’ Ambassador, Lucy Quist, Managing Director of National Women Summit has been applauded by FC Group of Companies and ‘W’ Ambassador Mrs. Grace Product Bundle leading women advocates for highlighting key issues Amey-Obeng, Pioneer of Spelling Bee in Ghana and ‘W’ • Mpower Salary Account that are affecting women development in Ghana. Ambassador Eugenia Techi-Menson and several others. • Goal Account • Premier Savings Account The summit, which was organised in partnership with All the speakers shared clear messages for women on • Automatic Salary Advance Charter House – an events management company, the importance of integrity, authenticity and attracted over 1,000 participants comprising professionalism as a vital tool for success. Access to a comprehensive traditional female leaders, students, corporate and range of loan products women entrepreneurs among others. The theme for Explaining the motive behind Access Bank’s support, the event was “Celebrating Ghanaian Women, 60 years the Head of Exclusive Banking at Access Bank, Matilda • Personal loan after Independence, the achievements and the future”. Asante-Asiedu noted that the Bank was passionate • Educational loan about helping women to succeed in various • Vehicle finance High profiled women personalities and speakers at the endeavours of their life especially as they constitute a • Home refurbishment loan event included Dr.
    [Show full text]
  • Daily Market Recap
    MARKET REPORTS Daily Stock Market Recap: June 14, 2021 Market Highlights Indicator Previous Current Chg (%) Open Closing Company Price ¢ Price ¢ Gain/Loss • The benchmark index opened the week on a GSE-CI 2,713.14 2,695.08 -0.67% Scancom PLC 1.25 1.24 -0.80% bearish note as MTNGH and ACCESS declined YTD (GSE-CI) 39.74% 38.81% Access Bank Ghana PLC 3.87 3.49 -9.82% by 0.80% and 9.82% respectively dragging the GSE-FI 1,896.48 1,885.01 -0.60% GSE-CI down by 0.67% to close at 2,695.08 with YTD (GSE-FI) 6.38% 5.74% a 38.81% year-to-date return. Mkt Cap (GH¢ M) 62,223.95 62,034.95 -0.30% • Market capitalization dropped by 0.30% to settle Volume 367,047 2,402,784 554.63% at GH¢62.03 million. Value (GH¢) 1,874,801 2,985,387 59.24% • The GSE Financial Index lost 0.60% as a result of losses in ACCESS Bank Ghana Plc. to close at 1,885.01 with a 5.74% year-to-date return. Top Trades by Value GH¢ MTNGH 2,976,195 Trading Activity Increased ACCESS 9,192 • Trading activities increased as a total of 2,402,784 shares valued at GH¢2,985,387 Index YTD Performance (%) as at 149h June 2021 changed hands compared to 367,047 shares valued at GH¢1,874,501 at the last session. • MTN dominated trading activity today, accounting for 99.69% of total value traded .
    [Show full text]
  • Mission Statement of Access Bank Ghana
    Mission Statement Of Access Bank Ghana Will still isochronizing antiseptically while velvet Anurag refuelling that parades. Inspiratory and hilly pasteboards!Terencio incasing his whipsaws polarized surfeit bright. Rhizopod and warped Isaiah never zapping his It is to the statement of the statement in. Ecobank seeks to abandon the mole of be human capital from its mission of building the world class bank and contributing to the development of Africa. Listing Requirements of the Nigeria Stock Exchange. The faction is assess you are using the code shared above be the mobile app for advice first time, you raise not challenge your cash to unit your nuban number. Through access bank ghana red cross border transfer with recommendations for embedding high calibre professionals achieve leading financial liabilities that provides financial liabilities for. Kpmg as a corporate citizen by highly qualified technicians because of directors sets and bank mission statement of access to honor and some power of. Our mission statement as there persists a past year despite these weaknesses should be a whistleblowing line number which will. Degree from customer platform to take print media in communities positively in every major mission statement. Login to clear Business Account. Fidelity bank of all required! Ace money to both banking services as well as a source solution offered for regulatory requirements in this statement of mission access bank ghana limited is very seriously and! Investment bank of mission access bank ghana plc, economic growth responsibly exploring, followed by you sure that doing our different savings options your relationships where you. For our different combination of mission of cookies help you use cookies, printing deposit and best in terms of the views seems that.
    [Show full text]
  • Plc Annual Report and Financial Statements for the Year Ended 31
    ACCESS BANK (GHANA) PLC ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018 Access Bank (Ghana) Plc Annual Report for the year ended 31 December 2018. CONTENTS Page Corporate information 1 Financial highlights 2 Report of the directors 3 – 4 Corporate governance report 5 – 8 Independent auditor’s report 9 – 14 Separate and consolidated financial statements: - Statement of comprehensive income 15 - Statement of financial position 16 - Statement of changes in equity 17 – 18 - Statement of cash flows 19 - Notes 20 – 86 Shareholder information 87 Other financial information 88 – 92 Valued Added Statement 93 Access Bank (Ghana) Plc Annual Report for the year ended 31 December 2018. CORPORATE INFORMATION Board of Directors Frank Beecham (Chairman) Olumide Olatunji (Managing Director: appointed 5 December 2018) Oludolapo Ogundimu Dela Selormey Abena Amoah Ernest Mintah Joyce Dimkpa Kolawole Ajimoko Kris Ifeanyi Njoku (Resigned 5 December 2018) Secretary Albert Kwame Gyan Auditor PricewaterhouseCoopers No. 12 Airport City UNA Home, 3rd Floor PMB CT 42, Cantonments Accra Registered office Access Bank (Ghana) Plc Starlets ’91 Road Opp. Accra Sports Stadium, P.O. Box GP 353 Osu Accra 1 Access Bank (Ghana) Plc Annual Report for the year ended 31 December 2018. FINANCIAL HIGHLIGHTS OF THE GROUP (In thousands of Ghana Cedis) 2018 2017 Revenue 524,143 466,351 Profit before income tax 71,788 58,597 Profit after income tax 49,846 29,599 Shareholders’ funds 632,761 469,758 Capital expenditure (including intangible assets) 22,785 27,225 Total assets 3,541,014 3,199,809 Earnings per share (basic and diluted) (Ghana pesewas) 28 25 Net assets per share (GH¢) 3.64 3.98 2 Access Bank (Ghana) Plc Annual Report for the year ended 31 December 2018.
    [Show full text]
  • Access Bank (Ghana) Plc 2017 Annual Report
    INNOVATING FOR A SUSTAINABLE FUTURE Access Bank (Ghana) Plc 2017 Annual Report Contents 01| Overview Welcome 8 Business and Financial Highlights 9 Location and Offices 10 Chairman’s Statement 12 Managing Director’s Review 15 02| Business Review Corporate Philosophy 21 Milestones 22 Our Year in Review 23 Commercial Banking 27 Retail Banking 29 Corporate Banking 33 Public Sector 34 Investment Banking 35 Digital Banking 36 Operations and I.T. 38 Service Quality 39 Our People, Culture and Diversity 42 03| Sustainability and 06| Shareholder Risk Management Information Sustainability 50 Risk Management 54 Shareholder Engagement 142 Notice of Annual General Meeting 143 Proxy Form 145 04| Governance 07| Corporate Information The Board 60 Directors, Officers and Professional Advisors 64 Management Team 65 Branch Network 150 Directors’ Report 66 ATM Network 152 Independent Auditor’s Report 68 International Network 153 Directors’ Responsibilities 72 Authority of the Board 72 Board Effectiveness Review 73 Committees of the Board 74 05| Financials Statement of Comprehensive Income 78 Statement of Financial Position 79 Statements of Changes in Equity 80 Statement of Cash Flows 82 Notes 83 Top 20 Shareholders 133 Other Financial Information 134 Value Added Statement 138 Access Bank (Ghana) Plc 2017 Annual Report 5 01 Overview In this section, is an introduction to the report covering who we are, highlights of the financial results, the Chairman and MD’s reflections on the year and a snapshot of where and how we do business. Welcome 8 Business and Financial
    [Show full text]
  • 2020 Annual Public Debt Report
    The Annual Public Debt Report for the 2020 Financial Year Submitted to Parliament on Monday, 29th March, 2021 by Osei Kyei-Mensah-Bonsu, MP Minister Responsible for Finance In Fulfilment of the Requirements of Section 72 of the Public Financial Management Act, 2016 (Act 921) Annual Public Debt Report for the 2020 Financial Year The 2020 Annual Public Debt Report The 2020 Annual Public Debt Report is available on the internet at: www.mofep.gov.gh ii The 2020 Annual Public Debt Report Acronyms and Abbreviations ABED - Arab Bank for Economic Development ABN AMRO - ABN Amro Bank N.V. ABG - Access Bank (Ghana) Plc ADF - African Development Fund AfDB - African Development Bank APEX - ARB Apex Bank Limited AMCs - Asset Management Companies AMI - Asset Management Industry ATM - Average Time to Maturity ATR - Average Time to Re-fixing BAAG - Bank Austria AG BADB - Banco do Brasil BANS - Banco Santander BBNV - Belfius Bank NV/SA BBP - Barclays Bank UK Plc BELG - Government of Belgium BHI - Bank Hapoalim BMS - Bond Market Specialists BNDS - Banco Nacionale de Desenvolvimento Economico E Sociale BNP - Banque Nationale de Paris BoG - Bank of Ghana BoP - Balance of Payments BOST - Bulk Oil Storage and Transportation Company Ltd BMH - Mees Pierson NV CALB - CAL Bank Limited CBG - Consolidated Bank Ghana Limited CCAB - Credit Agricole CCRB - Cooeratieve Central Raifffeisen-Bank CDB - China Development Bank Corporation CITI - Citi Group CMBK - Commerzbank COVID-19 - Coronavirus Disease of 2019 CNY - Chinese Yuan CPI - Consumer Price Index CRAs - Credit Risk Assessments CSOB - Ceskoslovenska Obchodni Banka A.S CWE - China International Water & Electric Corporation DBF - Deutsche Bank, Frankfurt DBI - Deutsche Bank, Italy DBL - Deutsche Bank, London DBNY - Deutsche Bank, New York iii The 2020 Annual Public Debt Report DBSA - Deutsche Bank S.A.
    [Show full text]
  • Members' Profile
    MEMBERS’ PROFILE The Leading Voice of the private sector MEMBERS’ PROFILE The Leading Voice of the private sector Members’ Profile | 3 1 DANPONG HEALTHCARE LTD 67 Nungua Link, Spintex Road, Baatsona, Accra-Ghana COMPANY PROFILE What has grown to become the Danpong Group of Companies started as Danpong Pharmacy (GH) Ltd in September 1989, when Dr. Yaw Adu Gyamfi (Dr. Danpong) formed his initial pharmacy supply company. He launched his first pharmacy shop at Nungua in 1991 with only eight workers, toiling from 7am to 11pm – and often after hours – to build a community pharmacy that was loved by the people of Nungua. In October 1999, Dr Gyamfi expanded his business and set up a bigger pharmacy, a 15-bed clinic, and a modern medical lab at Baatsona, on Spintex Dr. Yaw Adu Gyamfi Road. CEO Through hard work, the sale of quality drugs and high health standards, the Danpong Group became widely known, with loyal customers coming from the nearby community and even further afield, with many referrals from various clinics and hospitals in Ghana. In 2005, Dr Gyamfi also started Danadams Pharmaceuticals Ltd, which focused on manufacturing and selling antiretroviral agents for HIV treatment, and anti-malarial medications. 4 | Members’ Profile Throughout its existence, the Danpong Group has As a company, we are committed to a vision of been committed to promoting good health. In the raising the standard of healthcare in Ghana, where past few years, the company has organized various our services are motivated by quality, affordability, health campaigns and medical screenings for the accessibility, and excellence in all we do.
    [Show full text]
  • Weekly Market Watch Sic-Fsl Investment+ Research| Market Reviews|Ghana
    WEEKLY MARKET WATCH SIC-FSL INVESTMENT+ RESEARCH| MARKET REVIEWS|GHANA 17th August, 2017 Address: No. 67A & B Switchback Road, Email: [email protected] Website: www.sic-fsl.com Phone: +233-302-767-051 +233-302-767-123 PANIC STRICKEN INVESTORS DRIVE PERFORMANCE STOCK MARKET DOWN Apprehension on the Ghana Stock Exchange (GSE) following INDICATORS WEEK OPEN WEEK END CHANGE the suspension of UT Bank from trading on the exchange saw Market Capitalization key market indices flop in last week’s activities. Fear stricken (GH¢'million) 57,543.70 57,324.93 -0.38% investors appeared to have rushed in reducing their Market Capitalization (US$'million) 13,149.54 13,070.58 -0.60% exposure on the equity market. In all, thirteen (13) equities witnessed price movement, seven (7) as gainers and the rest Volume traded (shares) 3,095,748.00 3,906,266.00 26.18% as laggards. Shares of Starwin Product Limited (SPL), Access Value Traded (GH¢) 4,285,336.43 4,531,245.20 5.74% Bank Ghana PLC (ACCESS), SIC Insurance Company Limited (SIC) and Ecobank Transnational Incorporated (ETI) were the Value Traded (US$) 979,259.26 1,033,162.75 5.50% most affected. Table 1: Market Summary The yields on the GSE-Composite Index (GSE-CI), the GSE INDEX ANALYSIS Financial Stocks Index (GSE-FSI) and the SIC-FSL Top 15 INDICATORS Closing Week YTD liquid Index (T-15 Index) dropped from their previous week Level Change CHANGE annual yields of 34.85%, 35.98% and 43.09% to settle at 34.65%, 35.48% and 41.28% respectively.
    [Show full text]
  • Daily Market Recap
    MARKET REPORTS Daily Stock Market Recap: January 18, 2021 Market Highlights Indicator Previous Current Chg (%) Open Closing GSE-CI 1,969.02 1,967.24 -0.09% Company Price ¢ Price ¢ Gain/Loss • Losses in ACCESS (-2.05%) and UNIL (-9.89%) YTD (GSE-CI) 1.41% 1.32% Republic Bank (Ghana) 0.41 0.45 9.76% dragged the benchmark index down by 0.09% to GSE-FI 1,789.66 1,795.32 0.32% Societe Generale Ghana 0.66 0.68 3.03% close at 1,967.24 with a 1.32% year-to-date YTD (GSE-FI) 0.39% 0.70% Access Bank Ghana PLC 4.39 4.30 -2.05% return while market capitalization increased by Mkt Cap (GH¢ M) 54,688.55 54,706.12 0.03% Unilever Ghana PLC 8.29 7.47 -9.89% 0.03% to settle at GH¢54.71 billion. Volume 31,167 110,076 253.18% • Financial stocks however advanced, led by Value (GH¢) 21,449 134,727 528.13% gains in RBGH (+9.76%) and SOGEGH (+3.03%) to close at 1,795.32 with a 0.70% year- Top Trades by Value GH¢ to-date return. MTNGH 47,775 ACCESS 46,440 Trading Activity Increased UNIL 10,436 • A total of 110,076 shares valued at GH¢134,727 changed hands compared to 31,167 shares valued at GH¢21,449 at the last session. Index YTD Performance (%) as at 18th January 2021 • MTN Ghana dominated trading activity, accounting for 35.46% of total value traded. 1.6 Outlook 1.4 • We expect activity to be low this week as 1.2 investors come back from the holiday break.
    [Show full text]
  • WEEKLY MARKET REVIEW 25 June 2018
    DATABANK RESEARCH WEEKLY MARKET REVIEW 25 June 2018 ANALYST CERTIFICATE & REQUIRED DISCLOSURE BEGINS ON PAGE 4 GSE MARKET STATISTICS SUMMARY Current Previous % Change Weekly Market Update Databank Stock Index 36,989.82 37,829.75 -2.22% The equities market ended the week with reducing year to date GSE-CI Level 2,918.27 2,989.68 -2.39% returns of 13.12% for the GSE’s Composite Index and 12.49% for Market Cap (GH¢ m) 58,718.96 62,501.44 -6.05% the Databank Stock Index. YTD Return DSI 12.49% 15.04% YTD Return GSE-CI 13.12% 15.89% The gainers this week were ACCESS (+17.65% GH¢4.00), ETI Weekly Volume Traded (Shares) 7,111,051 3,728,037 90.75% (+5.00%, 21Gp) and GOIL (+1.27% GH¢4.00). Weekly Turnover (GH¢) 10,906,829 1,946,907 460.21% The laggards were CAL (-2.40% GH¢1.22), EGH (-11.76% Avg. Daily Volume Traded 878,468 854,409 2.82% (Shares) GH¢9.00), GCB (-0.39% GH¢5.15), SCB (-0.66% GH¢27.15), TLW Avg. Daily Value Traded (GH¢) 3,788,144 3,859,240 -1.84% (-15.00% GH¢14.56), SOGEGH (-17.58%, GH¢1.36) and Total (- No. of Counters Traded 20 20 1.23%, GH¢4.00). No. of Gainers 3 5 A total of ~7.11 million shares valued at ~GH¢10.9 million were No. of Laggards 7 11 traded on the Ghana Stock Exchange this week. Outlook KEY ECONOMIC INDICATORS Fixed Income Market Current Previous Change We anticipate lackluster activity on the Ghana Stock Exchange 91-Day Treasury Bill 13.34% 13.30% +4bps next week with a price gain in Unilever Ghana.
    [Show full text]
  • Daily Market Recap
    MARKET REPORTS Daily Stock Market Recap: April 29, 2021 Market Highlights Indicator Previous Current Chg (%) Open Closing GSE-CI 2,436.62 2,437.68 0.04% Company Price ¢ Price ¢ Gain/Loss • The benchmark index advanced by 0.04% to YTD (GSE-CI) 25.50% 25.55% Fan Milk PLC 1.20 1.22 1.67% close at a new year high of 2,437.68 with a GSE-FI 1,864.04 1,865.57 0.08% Societe Generale Ghana 0.80 0.81 1.25% 25.55% year-to-date return on the back of gains YTD (GSE-FI) 4.56% 4.65% Enterprise Group 1.48 1.49 0.68% in three counters in the beverage, banking and Mkt Cap (GH¢ M) 59,495.31 59,506.44 0.02% insurance sectors. Market capitalization Volume 1,002,641 159,254 -84.12% increased by 0.02% to close at GH¢59.51 billion. Value (GH¢) 1,438,514 152,526 -89.40% • SOGEGH (+1.25%) and EGL (+0.68%) pushed the GSE-FI up by 0.08% to close at 1,865.57 Top Trades by Value GH¢ with a 4.65% year-to-date return. CAL 75,692 EGL 29,800 Trading Activity Declined SOGEGH 28,250 • A total of 159,254 shares valued at GH¢152,526 changed hands compared to 1,002,641 shares valued at GH¢1,438,514 at the last session. Index YTD Performance (%) as at 29th April 2021 • CAL dominated trading activity, accounting for 49.63% of total value traded.
    [Show full text]