BUSINESS NEWS | GHANA AND BEYOND 🌍 08/07/2020

🚩Transport fares are to be increased by 15 percent, effective Saturday, July 11, 2020. The Deputy Transport Minister, Titus Glover made who made the announcement said the move is to cushion drivers who continue to bear the brunt of the impact of COVID-19 pandemic. A group known as Concerned Drivers Union has over the past few days threatened to increase fares by 30 per cent due to the increase in fuel prices. Commercial drivers have not hidden their displeasure over the fact that fuel price keeps increasing but they’ve been compelled by the government to reduce the number of passengers they pick to prevent the spread of coronavirus. The drivers’ unions presented a petition to the Ministry on Monday and were promised that the issue will be studied.Hon. Titus Glover stated that the government has decided that transport fares go up by 15% across board.

🚩The Japan International Cooperation Agency (JICA), has signed two agreements with the Ghanaian government to construct a flyover at the Tema Interchange as well as offer scholarships to some Ghanaians. The grant amount for the Improvement of the Tema Motorway Roundabout Phase 2 (Detailed Design) project is One Hundred and Nine Million Japanese Yen (JPY 109,000,000.00), equivalent to about US$ 1 Million. Whiles the grant aid for the Project for Human Resource Development Scholarship (JDS) program for the year 2021 was Two Hundred and Sixty-three Million Japanese Yen (JPY 263,000,000.00), equivalent to about US$ 2.4 Million. The Tema Interchange Project will complement the completed phase 1 interchange project to alleviate serious traffic congestion and improve logistics from/to Tema port to boost trade among Ghana and neighbors’ countries.

🚩The eurozone economy will sink deeper into recession than previously thought due to the effects of the pandemic, the European Commission (EC) has said. The bloc will contract a record 8.7% this year before growing 6.1% in 2021. It compares with the EC’s May forecast of a 7.7% slump and 6.3% growth. France, Italy and Spain will struggle the most, the EC said.
Its revised forecast comes amid concerns about the US economy after a surge in infections. This has prompted several states to delay or reverse lifting restrictions.

🚩A representative of the Ghana Real Estate Developers Association (GREDA), has revealed that 50 percent of potential mortgage and housing deals have come to a halt as a result of the Coronavirus pandemic. According to him, the adverse impact of the pandemic, has led to an operational capacity of 30 percent for real estate and house developers. “The coronavirus pandemic had led to estate developers operating at a maximum capacity of 30 percent, with more than 50 percent of potential mortgage deals being cancelled or put on hold while the servicing of existing ones had been distorted,” the representative told GhanaWeb in an interview. However, a housing expert, Foster Osae-Akonnor told GhanaWeb the demand for housing and mortgages in general has since dwindled across the country. According to him, government needs to provide incentives for architects and contractors in order to sustain the sector from a collapse.

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✴INTERBANK FOREX RATES 💴💰
US$GH¢ Buy 5.6651 Sell 5.6707
GB£GH¢ Buy 7.1284 Sell 7.1378
CAD$GH¢ Buy 4.1723 Sell 4.1766
JP¥GH¢ Buy 0.0527 Sell 0.0527
ZARGH¢ Buy 0.3315 Sell 0.3319
EU€GH¢ Buy 6.4012 Sell 6.4067
CHN¥GH¢ Buy 0.8064 Sell 0.8074
GH¢CFA Buy 102.3861 Sell 102.4741
GH¢NG₦ Buy 63.5156 Sell 63.6920
 
CRYPTOCURRENCY MARKET    
Bitcoin $9,337.13 🔻-2.99%
Ethereum $237.97 🔻-0.17%
Tether $1.00 🔼+0.13%
Ripple $0.183748 🔻-1.26%
Bitcoin Cash $236.29 🔻-0.84%
Binance Coin $16.61 🔼+4.25%
Litecoin $43.23 🔻-0.60%
EOS $2.55 🔻-0.74%
Cardano $0.113779 🔼+1.26%
Stellar $0.071758 🔼+2.05%

💵Bloomberg USDGHS Cross Rate – 5.7735

🔼GSE DAILY GAINERS➖%CHANGE➖PRICE
IIL +33.33% ➡Gh¢0.04

🔻GSE DAILY LOSERS➖%CHANGE➖PRICE
SCB -3.23% ➡Gh¢15.00

〽Inflation rate in Ghana  ➡  11.30% (+6.60%)

🏦Ghana Reference Rate ➡ 14.80% (-9.50%)

✳Policy Rate in Ghana ➡ 14.50% (+0.20%)

¶ TREASURY BILLS RATE💸
91 – Day Discount Rate 13.5011% Interest Rate 13.9727%
182 – Day Discount Rate 13.1608% Interest Rate 14.0878%
364 – Day Discount Rate 14.4523% Interest Rate 16.8938%
1 Year Fixed Note Interest Rate 16.5672%
2 Year Fixed Note Interest Rate 18.7500%
3 Year Bond Interest Rate 19.5000%
5 Year Bond Interest Rate 19.2500%
6 Year Bond Interest Rate 21.0000%
10 Year Bond Interest Rate 19.8000%
20 Year Fixed Rate Bond 20.2000%

🐂GHANA GOV’T EUROBOND RATES 🏦
7 Year Bond Coupon Rate 7.8750%
12 Year Bond Coupon Rate 8.1250%
31 Year Bond Coupon Rate 8.9500%

🛢Average Petrol & Diesel Price Per Litre – Gh¢4.65 (🔻-16.13%)

GSE 2020 GAINERS ➖ YTD% ➖ PRICE
SIC +25.00% ➡Gh¢0.10
CMLT +22.22% ➡Gh¢0.11
ALW +10.00% ➡Gh¢0.11
DASPHARMA +2.56% ➡Gh¢0.40

🔻GSE 2020 LOSERS ➖ YTD% ➖ PRICE
FML -57.52% ➡Gh¢1.75
GCB -33.33% ➡Gh¢3.40
GGBL -28.99% ➡Gh¢1.20
RBGH -28.57% ➡Gh¢0.40
CAL -26.97% ➡Gh¢0.65

🏧 MARKET INDEXES
*Dow Jones Index🚂⛽ 25,890.18 -396.85 -1.51%
*S&P 500 🏦 10,343.89 -89.76 -0.86%
*Nasdaq Index📲💻  3,145.32 -34.40 -1.08%

• NYSE Composite Index 11,990.14 -169.87 -1.40%
  *London FTSE 100 6,189.90 -96.04 -1.53%
  *Germany DAX 12,616.80 -116.65 -0.92%
  *Japan NIKKEI 225 22,614.69 -99.75 -0.44%
  *Hong Kong HANG SENG  25,975.66 -363.50 -1.38%
  *Shanghai Shenzhen 300 4,698.13 +28.04 +0.60%
  *S&P/ASX 200 Index 6,012.92 -1.68 -0.03%
  *Bloomsberg EU 500 244.38 -1.43 -0.58%
  *FTSE/JSE South Africa Top40 50,922.32 +418.41 +0.83%
  *Nairobi SE 20 Share 1,949.12 +3.15 +0.16%
  *Nigeria SE Main-Board Index 24,098.08 -11.57 -0.05%
  *GSE Composite Index 1877.53 -6.50 -0.35%
  *GSE Financial Index 1706.66 -11.99 -0.70%

GSE INDEXES ⏸ 2020 YTD RETURNS%
*GSE Composite Index 1,884.03 🔻-16.53%
*GSE Financial Index 1,718.65 🔻-14.90%

💧MUTUAL FUNDS IN GHANA♣️
📈EQUITY FUNDS ➰YTD%
Anidaso Fund 🔻-4.56%
EPAcK 🔻-16.78%
Republic Equity 🔻-2.36%
SAS Fortune 🔻-3.42%

⚖BALANCED FUNDS ⏸YTD%
Bfund 🔻-1.15%
CCMF 🔼+8.60%
CM Fund 🔼+6.89%
Dalex Vision 🔼+7.00%
EDC Balanced 🔻-5.52%
Fidelity Balanced Trust 🔼+2.60%
Plus Balanced Fund 🔼+6.57%
EdiFund T2 🔼+2.60%
Republic F Plan 🔼+0.09%
UMB Balanced 🔼+4.45%

⚙FIXED INCOME FUNDS 🛡YTD%
EDC Fixed Income 🔼+7.79%
Fixed Income Alpha Plus 🔼+11.14%
Fidelity Fixed Income Trust 🔼+8.81%
Plus Income Fund 🔼+8.71%
SEM Income 🔼+7.83%
STANLIB Income 🔼+9.06%

🏦MONEY MARKET FUNDS ⏱YTD%
EdiFund T1 🔼+7.52%
NGIS Mfund 🔼+7.91%
Gold Money 🔼+7.50%
Mfund 🔼+8.23%
Republic Unit 🔼+5.29%
SEM MoneyPlus 🔼+6.84%
STANLIB Cash 🔼+8.42%

✴ COMMODITIES MARKET
*Brent Crude $/barrel⛽ $42.94 -0.16 -0.37%
*Natural Gas 🏭 $/million BTUS $1.88 +0.05 +2.73%
*Gold 👑 $/troy ounce $1,807.50 +14.00 +0.78%
*Silver 💍 $/troy ounce $18.61 +0.03 +0.18%
*Corn 🌽 $/bushel $343.25 -3.25 -0.94%
*Cocoa 🍫 $/metric ton $2,148.00 -4.00 -0.19%
*Coffee ☕ ¢/pound   $100.30 +2.15 +2.19%
*Sugar🎂 ¢/pound $12.18 +0.25 +2.10%

Sources: Bank of Ghana, Bloomberg, GSE, Reuters, Citifm, Myjoyonline, Ghanaweb, Doobia, BBC, Graphic Business, B&FT, StarFmonline.

Compiled By:
Prince Henry Danquah
Bora Capital Advisors Ltd.
+233(0)50-002-3155

BUSINESS NEWS | GHANA AND BEYOND 🌍 07/07/2020

🚩Government has announced its’ plans to borrow a gross amount of GH¢17.84 billion for June to August this year. Of this amount, GH¢15.81 billion would be used to rollover maturities while the remaining GH¢2.03 billion would be used as fresh issuance to meet government’s financing requirements. Though government has not indicated how much Ghana’s total debt stock will reach by this new borrowing, recent economic and financial data issued by the Bank of Ghana’s (BoG) Monetary Policy Committee said the country’s total debt reached GH¢236.1 billion ending March this year. Out of the figure, US$22.9 billion was external debt, which translated into 31.4 percent of the total value of the economy, while GH¢111.3 billion was secured locally—representing 28 percent of the total value of the economy. Also, out of the total debt stock, GH¢1.8 billion has been spent on the financial sector cleanup so far for the first three months of this year.

🚩The International Monetary Fund, (IMF) in its revised Regional Economic Outlook (REO) forecast for 2020 indicates that economic activity this year is now projected to contract by some 3.2 percent, markedly worse than the 1.6 percent contraction anticipated in April. The IMF said countries within Sub Saharan Africa will suffer a significant shrink due to depressed economic activity, a negative outcome of the novel Coronavirus pandemic. A statement issued by the IMF explains that the deepening recession also mirrors a weaker external outlook as global growth is also projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast.

🚩As part of efforts to increase cocoa productivity to over one million metric tonnes, the Ghana Cocoa Board (COCOBOD) has commenced a hand-pollination exercise across all production areas for the 2019/2020 season. COCOBOD has therefore increased recruited and trained youth for the human-induced cross-fertilisation programme from 20,000 in the previous season to 30,000. This was preceded by a mass-pruning exercise across the farms. COCOBOD targetted executing 100 percent pruning at every cocoa farm in the country.The objective of hand pollination, one of COCOBOD’s Productivity Enhancement Programmes (PEPs), is to increase the number of pods on a cocoa tree to a minimum of 50.

🚩Commercial vehicle drivers in parts of the country say they have been compelled to hike up transport fares due to the latest fuel price increases and the government directive to reduce the number of passengers. The drivers, who are part of the group called the Concerned Drivers Union say even before the fares will be approved by their regulator, the Ghana Private Road Transport Union (GPRTU), members have been directed to implement the fare increase. Vice-Chairman of the Concerned Drivers Union, David Agboado, told Accra-based Citi FM that their leadership and members are convinced that it is only fair that the passengers bear the cost of the recent fuel price hikes.

🚩The Office of Government Machinery last year spent a total of GH¢3.5 billion on the implementation of its various programmes and activities. Employee Compensation took GH¢140.8 million; Goods and Services – GH¢3.3 billion, while GH¢55.49 million was spent on assets. Dr Mark Assibey-Yeboah , Chairman of the Finance Committee, announced this when he presented the Committee’s Report for the adoption of the Budget Performance Report of the Office of Government Machinery for the 2019 January to December Financial Year. The presentation is in accordance with the Public Financial Management (PFM) Act 2016 (Act 921) and the Standing Orders of the House.

🚩Commercial vehicle drivers in parts of the country say they have been compelled to hike up transport fares due to the latest fuel price increases and the government directive to reduce the number of passengers. The drivers, who are part of the group called the Concerned Drivers Union say even before the fares will be approved by their regulator, the Ghana Private Road Transport Union (GPRTU), members have been directed to implement the fare increase. Vice-Chairman of the Concerned Drivers Union, David Agboado, told Accra-based Citi FM that their leadership and members are convinced that it is only fair that the passengers bear the cost of the recent fuel price hikes.

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The Investingh team put together a Financial Planning Template to help you plan your budget, retirement, child’s fees, weddings, buying a car, land acquisition etc. Follow this link to download: http://eepurl.com/gb8arv

➖➖➖➖➖➖➖➖➖

✴INTERBANK FOREX RATES 💴💰
US$GH¢ Buy 5.6652 Sell 5.6708
GB£GH¢ Buy 7.0718 Sell 7.0800
CAD$GH¢ Buy 4.1828 Sell 4.1864
JP¥GH¢ Buy 0.0527 Sell 0.0527
ZARGH¢ Buy 0.3339 Sell 0.3343
EU€GH¢ Buy 6.4074 Sell 6.4113
CHN¥GH¢ Buy 0.8056 Sell 0.8065
GH¢CFA Buy 102.3126 Sell 102.3749
GH¢NG₦ Buy 63.5145 Sell 63.6909

CRYPTOCURRENCY MARKET    
CRYPTOCURRENCY MARKET    
Bitcoin $9,337.13 🔼+2.99%
Ethereum $240.71 🔼+5.88%
Tether $1.00 🔼+0.23%
Ripple $0.187917 🔼+6.32%
Bitcoin Cash $241.25 🔼8.90%
Binance Coin $16.23 🔼+6.61%
Litecoin $43.86 🔼+5.64%
EOS $2.35 🔼+0.46%
Cardano $0.104460 🔼+6.61%

💵Bloomberg USDGHS Cross Rate – 5.7735

🔼GSE DAILY GAINERS➖%CHANGE➖PRICE
No gainers for today

🔻GSE DAILY LOSERS➖%CHANGE➖PRICE
CAL -8.45% ➡Gh¢0.65

〽Inflation rate in Ghana  ➡  11.30% (+6.60%)

🏦Ghana Reference Rate ➡ 14.80% (-9.50%)

✳Policy Rate in Ghana ➡ 14.50% (+0.20%)

¶ TREASURY BILLS RATE💸
91 – Day Discount Rate 13.5011% Interest Rate 13.9727%
182 – Day Discount Rate 13.1608% Interest Rate 14.0878%
364 – Day Discount Rate 14.4523% Interest Rate 16.8938%
1 Year Fixed Note Interest Rate 16.5672%
2 Year Fixed Note Interest Rate 18.7500%
3 Year Bond Interest Rate 19.5000%
5 Year Bond Interest Rate 19.2500%
6 Year Bond Interest Rate 21.0000%
10 Year Bond Interest Rate 19.8000%
20 Year Fixed Rate Bond 20.2000%

🐂GHANA GOV’T EUROBOND RATES 🏦
7 Year Bond Coupon Rate 7.8750%
12 Year Bond Coupon Rate 8.1250%
31 Year Bond Coupon Rate 8.9500%

🛢Average Petrol & Diesel Price Per Litre – Gh¢4.65 (🔻-16.13%)

GSE 2020 GAINERS ➖ YTD% ➖ PRICE
SIC +25.00% ➡Gh¢0.10
CMLT +22.22% ➡Gh¢0.11
ALW +10.00% ➡Gh¢0.11
DASPHARMA +2.56% ➡Gh¢0.40

🔻GSE 2020 LOSERS ➖ YTD% ➖ PRICE
FML -57.52% ➡Gh¢1.75
IIL -40.00% ➡Gh¢0.03
GCB -33.33% ➡Gh¢3.40
GGBL -28.99% ➡Gh¢1.20
RBGH -28.57% ➡Gh¢0.40

🏧 MARKET INDEXES
*Dow Jones Index🚂⛽ 26,287.03 +459.67 +1.78%
*S&P 500 🏦 3,179.72 +49.71 +1.59%
*Nasdaq Index📲💻  10,433.65 +226.02 +2.21%

• NYSE Composite Index 12,160.01 +168.49 +1.41%
  *London FTSE 100 6,285.94 +128.64 +2.09%
  *Germany DAX 12,733.45 +205.27 +1.64%
  *Japan NIKKEI 225 22,614.69 -99.75 -0.44%
  *Hong Kong HANG SENG  26,156.91 -182.25 -0.69%
  *Shanghai Shenzhen 300 4,736.34 +66.25 +1.42%
  *S&P/ASX 200 Index 6,012.90 -1.71 -0.03%
  *Bloomsberg EU 500 245.81 +3.60 +1.49%
  *FTSE/JSE South Africa Top40 50,503.91 +324.02 +0.65%
  *Nairobi SE 20 Share 1,949.12 +3.15 +0.16%
  *Nigeria SE Main-Board Index 24,109.65 -226.47 -0.93%
  *GSE Composite Index 1884.03 -3.62 -0.19%
  *GSE Financial Index 1718.65 -6.68 -0.39%

GSE INDEXES ⏸ 2020 YTD RETURNS%
*GSE Composite Index 1,884.03 🔻-16.53%
*GSE Financial Index 1,718.65 🔻-14.90%

💧MUTUAL FUNDS IN GHANA♣️
📈EQUITY FUNDS ➰YTD%
Anidaso Fund 🔻-4.56%
EPAcK 🔻-16.78%
Republic Equity 🔻-2.36%
SAS Fortune 🔻-3.42%

⚖BALANCED FUNDS ⏸YTD%
Bfund 🔻-1.15%
CCMF 🔼+8.60%
CM Fund 🔼+6.89%
Dalex Vision 🔼+7.00%
EDC Balanced 🔻-5.52%
Fidelity Balanced Trust 🔼+2.60%
Plus Balanced Fund 🔼+6.57%
EdiFund T2 🔼+2.60%
Republic F Plan 🔼+0.09%
UMB Balanced 🔼+4.45%

⚙FIXED INCOME FUNDS 🛡YTD%
EDC Fixed Income 🔼+7.79%
Fixed Income Alpha Plus 🔼+11.14%
Fidelity Fixed Income Trust 🔼+8.81%
Plus Income Fund 🔼+8.71%
SEM Income 🔼+7.83%
STANLIB Income 🔼+9.06%

🏦MONEY MARKET FUNDS ⏱YTD%
EdiFund T1 🔼+7.52%
NGIS Mfund 🔼+7.91%
Gold Money 🔼+7.50%
Mfund 🔼+8.23%
Republic Unit 🔼+5.29%
SEM MoneyPlus 🔼+6.84%
STANLIB Cash 🔼+8.42%

✴ COMMODITIES MARKET
*Brent Crude $/barrel⛽ $42.80 -0.34 -0.79%
*Natural Gas 🏭 $/million BTUS $1.85 +0.02 +1.04%
*Gold 👑 $/troy ounce $1,795.70 +2.20 +0.12%
*Silver 💍 $/troy ounce $18.64 +0.05 +0.29%
*Corn 🌽 $/bushel $346.50 +3.00 +0.87%
*Cocoa 🍫 $/metric ton $2,152.00 -27.00 -1.24%
*Coffee ☕ ¢/pound   $98.15 -5.05 -4.89%
*Sugar🎂 ¢/pound $11.93 -0.31 -2.53%

Sources: Bank of Ghana, Bloomberg, GSE, Reuters, Citifm, Myjoyonline, Ghanaweb, Doobia, BBC, Graphic Business, B&FT, StarFmonline.

Compiled By:
Prince Henry Danquah
Bora Capital Advisors Ltd.
+233(0)50-002-3155

BUSINESS NEWS | GHANA AND BEYOND 🌍 06/07/2020

🚩The World Bank’s Board of Executive Directors has approved US$315 million from the International Development Association (IDA) to support job creation, skills development and digital transformation in Ghana. The package includes US$200 million for the Ghana Jobs and Skills Project and an additional financing of US$115 million for the eTransform Ghana Project. “The two projects are aligned with the priorities of the Government’s Coordinated Programme of Economic and Social Development and are even more relevant and timely in the current COVID-19 context. Restoring jobs and livelihoods for micro, small and medium enterprises is critical for promoting the economic recovery of the country and is at the heart Ghana’s COVID-19 response,” said Pierre Laporte, World Bank Country Director to Ghana.

🚩President Nana Akufo-Addo has directed Metropolitan, Municipal, District Assemblies (MMDAs) and other Government agencies to prioritize locally assembled vehicles when making buying decision for new vehicles. Chief of Staff, Akosua Frema Osei-Opare made this known in a statement. According to the statement, the directive takes effect from July 2020. It says the Ministry of Trade would provide information about assembling vehicles in Ghana. German auto manufacturers, Volkswagen, Chinese Sinotruck and Japanese Toyota are three of the companies assembling vehicles in Ghana. The statement urged all MDAs, MMDAs, and other Government establishments to comply with the policy.

🚩The newly introduced Integrated Customs Management System (ICUMS), which began a month ago at the Terminal Three of the Kotoka International Airport (KIA), has yielded a total revenue of GH¢55.4 million. This represents a 20 percent increment over last year’s revenue performance for June, which was about GH¢46 million. Mr Festus Mensah, the Chief Revenue Officer in-charge of General Duties at the KIA, disclosed this to stakeholders at a forum in Accra. The forum, which was organised by the Accra Airport sector of the Custom Division of the Ghana Revenue Authority, at the Terminal Three, revealed that revenue mobilization under the new system was doing quite well.

🚩The Finance Committee of Parliament has tasked the management of the Micro Finance and Small Loans Centre (MASLOC) to improve on its loan recovery as the scheme recovered only 55% of loans disbursed in 2019. This follows a drop in the recovery rate from 64% in 2016 to 55% in 2019. Presenting a report of the Finance Committee on the budget performance of the office of government machinery for 2019 on the floor of the House, Chair of the Committee Dr Mark Assibey-Yeboah disclosed many targets set by the management of MASLOC in the year under review were not met.

🚩The Institute for Energy Security, IES, says the drop in Ghana’s oil revenue in 2019 could be attributed to the movement of crude prices on the world market and the challenges faced by Tullow Oil in the TEN Fields. Oil revenue dropped by 5 percent to US$925 million in 2019 from US$977 million in 2018, even though oil production in the period under review went up by 15 percent. Speaking to Citi Business News, the Executive Director of IES, Nana Amoasi VII, (The seventh), explained that Ghana’s oil revenue forecast in the national budget was also over-projected comparing to global benchmark prices.

🚩African countries have lost almost US$55 billion in travel and tourism revenues in three months due to the coronavirus pandemic, the African Union (AU) commissioner for infrastructure and energy said on Thursday. Amani Abou-Zeid told a news conference the economic impact of lockdowns and border closures to curb the spread of the virus would be severe, with the continent’s air industry hit particularly hard. She said tourism and travel represented almost 10% of the gross domestic product of Africa. “We have 24 million African families whose livelihood is linked to travel and tourism,” Abou-Zeid said, adding the downturn had come in a year when Africa was expected to see an increase in travel and air transport.

🚩Oil fell below US$43 a barrel on Friday as a resurgence of coronavirus cases raised concern that fuel demand growth could stall, although crude was still headed for a weekly gain on lower supply and wider signs of economic recovery. The United States reported more than 55,000 new coronavirus cases on Thursday, a new daily global record for the pandemic. The rise in cases suggested US jobs growth, which jumped in June, could suffer a setback. Brent crude was down 52 cents, or 1.2 percent, at US$42.62 a barrel as of 0805 GMT, and US West Texas Intermediate (WTI) crude fell 50 cents, or 1.2 percent, to US$40.15.

➖➖➖➖➖➖➖➖➖

Secure your Tomorrow with MY OWN PENSION on your MTN Mobile Money and make contributions that you can rely upon tomorrow. To Register, Simply dial *170#,  select Option 5 (Financial Services) and select Option 4 (Pensions and Investments) to Begin

➖➖➖➖➖➖➖➖➖

The Investingh team put together a Financial Planning Template to help you plan your budget, retirement, child’s fees, weddings, buying a car, land acquisition etc. Follow this link to download: http://eepurl.com/gb8arv

➖➖➖➖➖➖➖➖➖

✴INTERBANK FOREX RATES 💴💰
US$GH¢ Buy 5.6654 Sell 5.6710
GB£GH¢ Buy 7.0624 Sell 7.0701
CAD$GH¢ Buy 4.1735 Sell 4.1761
JP¥GH¢ Buy 0.0527 Sell 0.0527
ZARGH¢ Buy 0.3323 Sell 0.3326
EU€GH¢ Buy 6.3694 Sell 6.3752
CHN¥GH¢ Buy 0.8029 Sell 0.8030
GH¢CFA Buy 102.8920 Sell 102.9857
GH¢NG₦ Buy 63.5122 Sell 63.6886

CRYPTOCURRENCY MARKET    
Bitcoin $9,034.07 🔻-0.96%
Ethereum $225.41 🔻-1.41%
Tether $1.00 🔼+0.37%
Ripple $0.176740 🔻-0.67%
Bitcoin Cash $221.13 🔻-1.69%
Binance Coin $15.55 🔻-1.77%
Litecoin $41.48 🔻-0.89%
EOS $2.42 🔼+1.52%
Cardano $0.096506 🔼+1.83%

💵Bloomberg USDGHS Cross Rate – 5.7790

🔼GSE DAILY GAINERS➖%CHANGE➖PRICE
No gainers for today

🔻GSE DAILY LOSERS➖%CHANGE➖PRICE
No losers for today

〽Inflation rate in Ghana  ➡  11.30% (+6.60%)

🏦Ghana Reference Rate ➡ 14.80% (-9.50%)

✳Policy Rate in Ghana ➡ 14.50% (+0.20%)

¶ TREASURY BILLS RATE💸
91 – Day Discount Rate 13.5011% Interest Rate 13.9727%
182 – Day Discount Rate 13.1608% Interest Rate 14.0878%
364 – Day Discount Rate 14.4523% Interest Rate 16.8938%
1 Year Fixed Note Interest Rate 16.5672%
2 Year Fixed Note Interest Rate 18.7500%
3 Year Bond Interest Rate 19.5000%
5 Year Bond Interest Rate 19.2500%
6 Year Bond Interest Rate 21.0000%
10 Year Bond Interest Rate 19.8000%
20 Year Fixed Rate Bond 20.2000%

🐂GHANA GOV’T EUROBOND RATES 🏦
7 Year Bond Coupon Rate 7.8750%
12 Year Bond Coupon Rate 8.1250%
31 Year Bond Coupon Rate 8.9500%

🛢Average Petrol & Diesel Price Per Litre – Gh¢4.65 (🔻-16.13%)

GSE 2020 GAINERS ➖ YTD% ➖ PRICE
SIC +25.00% ➡Gh¢0.10
CMLT +22.22% ➡Gh¢0.11
ALW +10.00% ➡Gh¢0.11
DASPHARMA +2.56% ➡Gh¢0.40

🔻GSE 2020 LOSERS ➖ YTD% ➖ PRICE
FML -57.52% ➡Gh¢1.75
IIL -40.00% ➡Gh¢0.03
GCB -33.33% ➡Gh¢3.40
GGBL -28.99% ➡Gh¢1.20
RBGH -28.57% ➡Gh¢0.40

🏧 MARKET INDEXES
*Dow Jones Index🚂⛽ 25,827.36 +92.39 +0.36%
*S&P 500 🏦 3,130.01 +14.15 +0.45%
*Nasdaq Index📲💻  10,207.63 +53.00 +0.52%

• NYSE Composite Index 11,991.52 +89.97 +0.76%
  *London FTSE 100 6,157.30 -83.06 -1.33%
  *Germany DAX 11,991.52 +89.97 +0.76%
  *Japan NIKKEI 225 22,306.48 +160.52 +0.72%
  *Hong Kong HANG SENG  25,373.12 +248.93 +0.99%
  *Shanghai Shenzhen 300 4,419.60 +83.76 +1.93%
  *S&P/ASX 200 Index 6,057.88 +25.16 +0.42%
  *Bloomsberg EU 500 242.21 -1.85 -0.76%
  *FTSE/JSE South Africa Top40 50,179.89 -129.88 -0.26%
  *Nairobi SE 20 Share 1,945.97 +0.33 +0.02%
  *Nigeria SE Main-Board Index 24,336.12 -38.28 -0.16%
  *GSE Composite Index 1887.65 0.00 0.00%
  *GSE Financial Index 1725.33 0.00 0.00%

GSE INDEXES ⏸ 2020 YTD RETURNS%
*GSE Composite Index 1,887.65 🔻-16.37%
*GSE Financial Index 1,725.33 🔻-14.57%

💧MUTUAL FUNDS IN GHANA♣️
📈EQUITY FUNDS ➰YTD%
Anidaso Fund 🔻-4.56%
EPAcK 🔻-16.78%
Republic Equity 🔻-2.36%
SAS Fortune 🔻-3.42%

⚖BALANCED FUNDS ⏸YTD%
Bfund 🔻-1.15%
CCMF 🔼+8.60%
CM Fund 🔼+6.68%
Dalex Vision 🔼+7.00%
EDC Balanced 🔻-5.52%
Fidelity Balanced Trust 🔼+2.60%
Plus Balanced Fund 🔼+6.57%
EdiFund T2 🔼+2.60%
Republic F Plan 🔼+0.09%
UMB Balanced 🔼+4.45%

⚙FIXED INCOME FUNDS 🛡YTD%
EDC Fixed Income 🔼+7.79%
Fixed Income Alpha Plus 🔼+11.14%
Fidelity Fixed Income Trust 🔼+8.81%
Plus Income Fund 🔼+8.71%
SEM Income 🔼+7.83%
STANLIB Income 🔼+9.06%

🏦MONEY MARKET FUNDS ⏱YTD%
EdiFund T1 🔼+7.52%
NGIS Mfund 🔼+7.91%
Gold Money 🔼+7.50%
Mfund 🔼+8.23%
Republic Unit 🔼+5.29%
SEM MoneyPlus 🔼+6.84%
STANLIB Cash 🔼+8.42%

✴ COMMODITIES MARKET
*Brent Crude $/barrel⛽ $42.80 -0.34 -0.79%
*Natural Gas 🏭 $/million BTUS $1.75 +0.02 +0.92%
*Gold 👑 $/troy ounce $1,787.30 -2.70 -0.15%
*Silver 💍 $/troy ounce $18.31 -0.01 -0.07%
*Corn 🌽 $/bushel $343.50 -7.00 -2.00%
*Cocoa 🍫 $/metric ton $2,179.00 +10.00 +0.46%
*Coffee ☕ ¢/pound   $103.20 -0.80 -0.77%
*Sugar🎂 ¢/pound $12.24 +0.07 +0.58%

Sources: Bank of Ghana, Bloomberg, GSE, Reuters, Citifm, Myjoyonline, Ghanaweb, Doobia, BBC, Graphic Business, B&FT, StarFmonline.

Compiled By:
Prince Henry Danquah
Bora Capital Advisors Ltd.
+233(0)50-002-3155

Fenchurch Professionals is inviting you to a scheduled Zoom meeting.

Topic: Your Home in Ghana: Build or Buy Part 2
Time: Jul 4, 2020 05:00 PM UTC

Join Zoom Meeting
https://us02web.zoom.us/j/8527277599

Meeting ID: 852 727 7599

Investing in real estate is all the rage at the moment yet there are so many more aspects worth considering. Is buying more cost effective than building? Are mortgages the best option for buying in Ghana? What about the high interest rates of loans? Tune in on Thursday 7pm GMT to get an answer to the above to help you start your real estate journey.

dentaashow

BUSINESS NEWS | GHANA AND BEYOND 🌍 01/07/2020

🚩In spite of the annihilative impact of the coronavirus pandemic on the country’s local currency, making it record, its highest depreciation against the US dollar since the beginning of the year, the Bank of Ghana (BoG) says it expects the cedi to gain stability as pressure on it has started easing. After hitting its ‘hattrick’ by appreciating against the US dollar for the first quarter of the year, the cedi started losing grip on the dollar after the pandemic triggered capital flight to safety from emerging and developing economies. As of the end of April, the cedi had depreciated by 1.21 percent against the US dollar; depreciated 1.55 percent at the end of May; and further depreciated by 2.38 percent as of June 29, 2020, its sharpest depreciation in the year (using BoG mid-rate figures).

🚩The Chief Executive Officer of VW Ghana , Mr. Jeffrey Oppong Peprah has revealed that the company has commenced commercial production under a registered local company VW Ghana and is currently producing five Volkswagen models in its Accra plant. These brands include Tiguan, Amarok Pickup, Passat, Polo and Teramont. He said this when he accompanied the Minister of Trade Alan kyeremateng to tour the VW Assembly plant in Accra on Monday. The CEO informed the Minister that the company is planning the grand launching of Volkswagen car models made in Ghana soon. Mr Kyerematen used the visit to present the Bonafide Vehicle Assembler Certificate to VW Ghana.

🚩The Ministry of Food and Agriculture (MoFA) and the Ministry of Local Government and Rural Development have launched a GH¢2.5 million pilot support to women’s farmer-based organizations (WFBOs) engaged in post-production agricultural operations in Ghana. The pilot support comes from the Global Affairs Canada’s Modernizing Agriculture in Ghana (MAG) programme aimed at strengthening the capacities of the WFBOs to make their products more competitive and attractive for the local and export markets. Accordingly, the GH¢2.5 million scheme is in line with Canada’s Feminist International Assistance Policy (FIAP). FIAP seeks to empower women to eradicate poverty and build a more peaceful, more inclusive and more prosperous world.

🚩Between October 2019 and May 2020, new import-restrictive measures unrelated to the COVID-19 pandemic covered an estimated US$417.5 billion worth of merchandise trade, the third-highest figure recorded since May 2012, the World Trade Organisation (WTO) has said. Tariff increases, import bans, stricter customs procedures, export duties and other such measures introduced during the review period affected 2.8 percent of G20 trade. Meanwhile, the stock of import-restrictive measures implemented since 2009 and still in force continues to grow — now affecting an estimated 10.3 percent of G20 imports (USD 1.6 trillion). However, the WTO report also finds evidence of steps towards more open trade policies across sectors, including goods, services and intellectual property.

🚩Green Gold Farms Ghana, an Accra-based agribusiness, has secured lands at Sekpe, in the Mion Districts in the Northern Region for soybean production. The a 50-year lease of 40,000 acres of land released by the chief and traditional leaders of Sekpe at an estimated value of US$20 million is to ensure the cultivation of soybeans for local consumption and export, which will create jobs and enhance the livelihoods of the farmers. The project is expected to commence with the production of 5,000 metric tons of non-GMO soybean crop, in an off-take agreement with ARASA Investment Ltd, a subsidiary of Turkey based organisation TIRYAKI AGRO, one of the largest processors of agro commodities in the world.

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✴INTERBANK FOREX RATES 💴💰
US$GH¢ Buy 5.6646 Sell 5.6702
GB£GH¢ Buy 6.9991 Sell 7.0084
CAD$GH¢ Buy 4.1577 Sell 4.1620
JP¥GH¢ Buy 0.0526 Sell 0.0526
ZARGH¢ Buy 0.3258 Sell 0.3262
EU€GH¢ Buy 6.3577 Sell 6.3649
CHN¥GH¢ Buy 0.8020 Sell 0.8023
GH¢CFA Buy 103.0585 Sell 103.1752
GH¢NG₦ Buy 63.6094 Sell 63.6976

CRYPTOCURRENCY MARKET    
Bitcoin $9,134.12 🔻-0.21%
Ethereum $226.28 🔻-0.61%
Tether $0.998746 🔻-0.32%
Ripple $0.176161 🔼+0.75%
Bitcoin Cash $223.49 🔻-0.16%
Binance Coin $15.42 🔻-0.30%
Litecoin $41.69 🔻-0.44%
EOS $2.36 🔼+0.02%
Cardano $0.083666 🔼+0.45%

💵Bloomberg USDGHS Cross Rate – 5.7845

🔼GSE DAILY GAINERS➖%CHANGE➖PRICE
MTNGH +5.36% ➡Gh¢0.59
GOIL +2.58% ➡Gh¢1.59

🔻GSE DAILY LOSERS➖%CHANGE➖PRICE
FML -10.00% ➡Gh¢1.80
CAL -3.95% ➡Gh¢0.73

〽Inflation rate in Ghana  ➡  11.30% (+6.60%)

🏦Ghana Reference Rate ➡ 14.80% (-9.50%)

✳Policy Rate in Ghana ➡ 14.50% (+0.20%)

¶ TREASURY BILLS RATE💸
91 – Day Discount Rate 13.4823% Interest Rate 13.9526%
182 – Day Discount Rate 13.0972% Interest Rate 14.0149%
364 – Day Discount Rate 14.4523% Interest Rate 16.8938%
1 Year Fixed Note Interest Rate 16.5672%
2 Year Fixed Note Interest Rate 18.7500%
3 Year Bond Interest Rate 19.5000%
5 Year Bond Interest Rate 19.2500%
6 Year Bond Interest Rate 21.0000%
10 Year Bond Interest Rate 19.8000%
20 Year Fixed Rate Bond 20.2000%

🐂GHANA GOV’T EUROBOND RATES 🏦
7 Year Bond Coupon Rate 7.8750%
12 Year Bond Coupon Rate 8.1250%
31 Year Bond Coupon Rate 8.9500%

🛢Average Petrol & Diesel Price Per Litre – Gh¢4.65 (🔻-16.13%)

GSE 2020 GAINERS ➖ YTD% ➖ PRICE
SIC +25.00% ➡Gh¢0.10
CMLT +22.22% ➡Gh¢0.11
ALW +10.00% ➡Gh¢0.11
DASPHARMA +2.56% ➡Gh¢0.40

🔻GSE 2020 LOSERS ➖ YTD% ➖ PRICE
FML -56.31% ➡Gh¢1.80
IIL -40.00% ➡Gh¢0.03
GCB -33.33% ➡Gh¢3.40
GGBL -28.99% ➡Gh¢1.20
RBGH -28.57% ➡Gh¢0.40

🏧 MARKET INDEXES
*Dow Jones Index🚂⛽ 25,812.88 +217.08 +0.85%
*S&P 500 🏦 3,100.29 +47.05 +1.54%
*Nasdaq Index📲💻  10,058.77 +184.61 +1.87%

• NYSE Composite Index 11,893.78 +116.70 +0.99%
  *London FTSE 100 6,169.74 -56.03 -0.90%
  *Germany DAX 12,310.93 +78.81 +0.64%
  *Japan NIKKEI 225 22,288.14 +293.10 +1.33%
  *Hong Kong HANG SENG  24,427.19 +125.91 +0.52%
  *Shanghai Shenzhen 300 4,163.96 +54.24 +1.32%
  *S&P/ASX 200 Index 5,897.88 +82.85 +1.42%
  *Bloomsberg EU 500 238.83 +0.29 +0.12%
  *FTSE/JSE South Africa Top40 50,174.95 +254.86 +0.51%
  *Nairobi SE 20 Share 1,942.12 -10.14 -0.52%
  *Nigeria SE Main-Board Index 24,479.16 -379.66 -1.53%
  *GSE Composite Index 1899.90 33.00 +1.77%
  *GSE Financial Index 1725.04 -3.34 -0.19%

GSE INDEXES ⏸ 2020 YTD RETURNS%
*GSE Composite Index 1,899.90 🔻-15.83%
*GSE Financial Index 1,725.04 🔻-14.59%

💧MUTUAL FUNDS IN GHANA♣
📈EQUITY FUNDS ➰YTD%
Anidaso Fund 🔻-4.56%
EPAcK 🔻-16.91%
Republic Equity 🔻-2.54%
SAS Fortune 🔻-3.42%

⚖BALANCED FUNDS ⏸YTD%
Bfund 🔻-1.47%
CCMF 🔼+7.92%
Dalex Vision 🔼+6.69%
CM Fund 🔼+6.37%
EDC Balanced 🔻-5.25%
EdiFund T2 🔼+2.35%
Fidelity Balanced Trust 🔼+3.30%
Plus Balanced Fund 🔼+6.17%
UMB Balanced 🔼+4.27%
Republic F Plan 🔻-0.21%

⚙FIXED INCOME FUNDS 🛡YTD%
EDC Fixed Income 🔼+7.45%
Fidelity Fixed Income Trust 🔼+8.02%
Plus Income Fund 🔼+8.47%
Fixed Income Alpha Plus 🔼+10.83%
SEM Income 🔼+7.33%
TTL IncomeHaven 🔻-0.22%
STANLIB Income 🔼+8.73%

🏦MONEY MARKET FUNDS ⏱YTD%
EdiFund T1 🔼+7.21%
Mfund 🔼+7.93%
Gold Money 🔼+7.50%
NGIS Mfund 🔼+7.91%
Republic Unit 🔼+4.95%
SEM MoneyPlus 🔼+6.46%
STANLIB Cash 🔼+8.05%

✴ COMMODITIES MARKET
*Brent Crude $/barrel⛽ $41.15 -0.56 -1.34%
*Natural Gas 🏭 $/million BTUS $1.71 +0.00 +0.12%
*Gold 👑 $/troy ounce $1,798.30 -2.20 -0.12%
*Silver 💍 $/troy ounce $18.57 -0.07 -0.36%
*Corn 🌽 $/bushel $341.50 +12.75 +3.88%
*Cocoa 🍫 $/metric ton $2,186.00 -52.00 -2.32%
*Coffee ☕ ¢/pound   $101.00 +0.90 +0.90%
*Sugar🎂 ¢/pound $11.96 +0.19 +1.61%

Sources: Bank of Ghana, Bloomberg, GSE, Reuters, Citifm, Myjoyonline, Ghanaweb, Doobia, BBC, Graphic Business, B&FT, StarFmonline.

Compiled By:
Prince Henry Danquah
Bora Capital Advisors Ltd.
+233(0)50-002-3155

The 3rd and 4th Evacuation Exercises of Ghanaian from the United Kingdom.

https://docs.google.com/document/d/e/2PACX-1vTng-u9CA94maFUvEiBiJ02BIuJqP5CErXJ_ssy5XO_mQEY6s6DHuevNmvpSs1OU42-diwgB4WkGuH9/pub