Post Views: 645 Investors on the equities market have made some gains, with total market capitalization on the local bourse reaching an all-time high of GH¢80.32 billion by the end of April 2024. Data released by the Ghana Stock Exchange said the upswing in market capitalization was driven by gains in share prices across various […]
GSE’s composite index makes 22.34% gains
Post Views: 521 The Composite index of the Ghana Stock Exchange increased by 2.02% in June, reaching 3,829.61 points. This brought the year-to-date gains to 22.34%. Additionally, the GSE Financial Stock Index saw a 3.04% increase, reaching 2,115.04 points, resulting in a year to date gain of 11.23%. Top price gainers for the month were […]
Ghana Stock Exchange reaches record GH¢80billion market capitalization
Post Views: 1,145 In April 2024, the market capitalization of the Ghana Stock Exchange (GSE) surged to an unprecedented GH¢80.20 billion, marking a significant milestone. This remarkable increase was driven by substantial gains in the share prices of various companies, underscoring the positive market sentiment and bolstered investor confidence. As outlined in the GSE’s April […]
Ghana’s economic reforms show progress – IMF
Post Views: 623 The International Monetary Fund (IMF) has given Ghana a positive thumbs-up after approving a disbursement of around $360 million following a successful review of the country’s economic reform programme. This news comes after Ghana’s government implemented a series of measures aimed at tackling economic challenges faced in 2022. The IMF-backed programme focuses […]
Economic Value Of Accra Airport Terminal 2 To Goldstar Air And Ghana
Post Views: 713 Wholly owned Ghanaian airline Goldstar Air, Wings of Ghana, will adopt the Accra Kotoka International Airport (ACC) Terminal Two (2) building for our operations. Accra Kotoka International Airport (ACC) is not at its full capacity now and the terminal two building is currently underutilized; therefore, Goldstar Air, who previously was allocated office […]
Ghana Maintains Top Position in 2023 African Gold Output
Post Views: 612 Ghana has affirmed its status as Africa’s leading gold producer and the 11th largest globally, with a production of four million ounces in 2023, according to the Ghana Chamber of Mines. At its annual general meeting, the Chamber reported that Ghana’s gold production had risen from 3.7 million ounces in 2022 to […]
Ho Airport To Have Industrial Zone
Post Views: 622 Indigenous Ghanaian airline Goldstar Air is set for strategic innovations to bring some companies to the Ho airport (HZO) to set up an Industrial Zone, boosting Ghana’s economic growth in the Volta Region and the whole country. Ho is the regional capital of the Volta Region of Ghana and was named after […]
World Bank Approves US$250 Million Loan to Bolster Ghana’s Financial Stability
Post Views: 581 The World Bank Group has approved a 250-million-U.S. dollar loan to support Ghana’s financial sector stability program over the next five years, according to a press release issued here on Friday. The release said the loan would help strengthen Ghana’s financial sector after the government’s Domestic Debt Exchange Program (DDEP) impacted some […]
Prempeh I International Airport in Kumasi commissioned
Post Views: 637 President Nana Akufo-Addo has officially commissioned the Prempeh I International Airport in Kumasi He was assisted in the historic commissioning by the Asantehene, Otumfuo Osei Tutu II. President Akufo-Addo and Otumfuo Osei Tutu II in a tete-a-teteThe commissioning ceremony of the former Kumasi International Airport on May 10 was attended by traditional […]
See the countries with the highest gold reserves in 2024 (LIST)
Post Views: 605 The World Gold Council, a prominent international trade association for the gold industry headquartered in the United Kingdom, has published a comprehensive list of countries with the highest gold reserves as of the first quarter of 2024. According to the latest estimates by the World Gold Council, here are the rankings of […]
Post DDEP: Banks rebound
Post Views: 637 Banks in the country have made a remarkable comeback in 2023 after a difficult 2022 which saw 16 out of the 23 banks recording significant losses. The 2023 financial results released by 20 out of the 23 banks show a return to profitability of the sector, largely driven by increased income from […]
Atlantic Lithium approved for listing on Ghana Stock Exchange
Post Views: 630 Atlantic Lithium Limited has received approval from the Ghana Stock Exchange’s (GSE) Listing Committee and Ghana’s Securities and Exchange Commission to list the company’s ordinary shares on the Main Market of the GSE. This approval marks a significant step forward for Atlantic Lithium as Ghana’s first near-term lithium producer to be listed […]
FBNBank Ghana changes to FirstBank Ghana to align with Group identity
Post Views: 620 FBNBank Ghana has announced its name change to FirstBank Ghana, effective Thursday, May 2, 2024, as part of a strategic alignment with the FirstBank Group’s identity, vision, and values. This name change reflects the Bank’s commitment to its customers, stakeholders, and the communities it serves. The decision to rebrand to FirstBank Ghana […]
GSE market cap crosses GH¢80bn
Post Views: 1,075 The Ghana Stock Exchange (GSE) has exceeded the GH¢80billion mark in market capitalisation for the first time, concluding April 2024 at GH¢80.32 billion. The surge in market capitalisation reflects increased trading activity. On the final day of April, the GSE saw some 29,700 shares traded, representing a market value of approximately GH¢180,800. […]
Bilateral creditors have shared draft document on Ghana’s debt restructuring for consideration – Finance Minister
Post Views: 605 The Minister of Finance Dr Mohammed Amin Adam has said that bilateral creditors through the Official Creditor Committee have shared the draft document on Ghana’s debt restructuring for consideration. He said this while addressing the press at the end of the IMF Spring meeting in Washington, D.C., on Sunday, April 21. “ […]