🚩The UK has signed a trade partnership agreement with Ghana that secures tariff-free trade and provides a platform for greater economic and cultural co-operation. The agreement was signed by Secretary of State for International Trade, Liz Truss and Ghana’s Acting High Commissioner to the UK, Peprah Ampratwum, at the Department for International Trade in central London. Secretary Truss was joined on a video call by Trade and Industry Minister Designate, Alan Kyerematen, to mark the signing. The deal supports a trading relationship worth £1.2bn and reinstates the terms of the economic partnership agreement between the two sides when the UK was part of the EU. It means Ghanaian products including bananas, tinned tuna and cocoa will benefit from tariff-free access to the United Kingdom. UK exports are also in line to benefit from tariff liberalisation from 2023, including machinery, electronics and chemical products.
🚩After going through turbulent times in the last couple of years, the Ghana Stock Exchange has defied analysts’ expectation by becoming the best stock market in Africa in the first two months of this year. Investors will be beaming with smiles as the Accra Bourse had returned 14.41% gain in dollar-term at the end of February 2021. The impressive run of the cedi is also a contributing factor as more investors show interest in the stock market because of getting more return than investing in the dollar. In cedi term, the market (GSE Composite Index) has recorded 13.59 percentage points gain. So far, nine companies have appreciated in value as compared to three losers. MTN Ghana is the biggest gainer with 29.69% appreciation in stock value. It is followed closely by Cal Bank (15.94%), Soceite Generale (14.06%) and Standard Chartered Bank (11.28%).
🚩Tree Aid, an International Development Organization working in Northern Ghana has commissioned and handed over three shea butter processing centres to women groups at three different communities in the Kassena-Nankana area of the Upper East Region. The NGO under its ‘Grow Hope Project’ supported the women groups who had started the construction of the processing centres to complete them and install the necessary equipment to aid in the processing of quality shea butter. The beneficiary communities are Nyangua and Biu in the Kassena-Nankana Municipal and Chiana-Abolo in the Kassena-Nankana West District. The project, which started in 2018 is being facilitated by Organization for Indigenous Initiatives and Sustainability (ORGIIS), a local NGO which focuses on the environment. It is financially support from the Jersey Overseas Aid, another NGO.
🚩Oil prices slipped on Tuesday as expectations that top producers would agree to raise oil supply in a meeting this week weighed on sentiment, already hit by concerns over slowing Chinese demand. Brent crude dropped 14 cents or 0.2% to $62.46 a barrel, after losing 1.1% the previous day. U.S. West Texas Intermediate (WTI) crude fell 2 cents to $59.62 a barrel, having lost 1.4% on Monday. They both touched the lowest in more than 6 days, extending losses that started late last week. Expectations that the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, would boost oil output from April are pushing prices lower.
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✴INTERBANK FOREX RATES 💴💰
US$GH¢ Buy 5.7251 Sell 5.7309
GB£GH¢ Buy 7.9745 Sell 7.9831
CHFGH¢ Buy 6.2492 Sell 6.2549
AUD$GH¢ Buy 4.4705 Sell 4.4761
CAD$GH¢ Buy 4.5279 Sell 4.5322
JP¥GH¢ Buy 0.0536 Sell 0.0537
NZDGH¢ Buy 4.1611 Sell 4.1656
ZARGH¢ Buy 0.3816 Sell 0.3819
EU€GH¢ Buy 6.8942 Sell 6.9016
CHN¥GH¢ Buy 0.8847 Sell 0.8853
GH¢CFA Buy 95.0442 Sell 95.1462
GH¢NG₦ Buy 71.5416 Sell 71.5416
CRYPTOCURRENCY MARKET
Bitcoin $49,074.64 🔻-6.59%
Ethereum $1,547.08 🔻-0.89%
Cardano $1.23 🔻-1.86%
Binance Coin $244.48 🔻-1.63%
Ripple $0.4443 🔼0.64%
Polkadot $37.35 🔼4.17%
Litecoin $190.47 🔼10.28%
Chainlink $29.84 🔼2.89%
Dogecoin $0.05071 🔼2.15%
Bitcoin Cash $533.52 🔼6.45%
Stellar $0.4233 🔼0.56%
Bitcoin SV $222.56 🔻-1.97%
Monero $187.59 🔼2.50%
EOS $3.93 🔼6.75%
💵Bloomberg USDGHS Cross Rate – 5.7313 (YTD – 🔽-2.25%)
🔼GSE DAILY GAINERS➖%CHANGE➖PRICE
No gainers for today
🔻GSE DAILY LOSERS➖%CHANGE➖PRICE
ETI ➡Gh¢0.07 🔻-12.50%
〽Inflation rate in Ghana ➡ 9.90% (🔽-4.81%)
🏦Ghana Reference Rate ➡ 14.77% (🔺️+0.07%)
✳Policy Rate in Ghana ➡ 14.50% (🔽-9.38%)
¶ TREASURY RATES💸
14 – Day Discount Rate 14.4196% Interest Rate 14.5000%
56 – Day Discount Rate 14.1836% Interest Rate 14.5000%
91 – Day Discount Rate 12.8430% Interest Rate 13.2690%
182 – Day Discount Rate 12.9895% Interest Rate 13.8917%
364 – Day Discount Rate 14.3800% Interest Rate 16.7951%
1 Year Fixed Note Interest Rate 16.5672%
2 Year Fixed Note Interest Rate 17.6000%
3 Year Bond Interest Rate 19.2500%
5 Year Bond Interest Rate 19.8500%
6 Year Bond Interest Rate 19.2500%
7 Year Bond Interest Rate 20.5000%
10 Year Bond Interest Rate 19.8000%
20 Year Fixed Rate Bond 20.2000%
🛢Average Petrol & Diesel Price Per Litre – Gh¢5.32 (🔺️+2.31%)
🏧 MARKET INDEXES
*Dow Jones Index🚂⛽ 31,391.52 -143.99 -0.46%
*S&P 500 🏦 3,870.29 -31.53 -0.81%
*Nasdaq Index📲💻 13,358.79 -230.04 -1.69%
- NYSE Composite Index 15,277.02 -50.75 -0.33%
*London FTSE 100 6,613.75 +25.22 +0.38%
*Germany DAX 14,039.80 +26.98 +0.19%
*Japan NIKKEI 225 29,408.17 -255.33 -0.86%
*Tokyo TOPIX Index 1,894.85 -7.63 -0.40%
*Hong Kong HANG SENG 29,095.86 -356.71 -1.21%
*Shanghai Shenzhen 300 5,349.63 -69.15 -1.28%
*S&P/ASX 200 Index 6,762.27 -27.28 -0.40%
*Bloomsberg EU 500 274.27 +0.35 +0.13%
*France CAC All-Tradable 4,509.61 +10.73 +0.24%
*Dubai DFM General Index 2,569.32 +17.57 +0.69%
*MOEX Russia Index 3,410.10 +23.94
+0.71%
*FTSE/JSE South Africa Top40 63,104.70 +997.66 +1.61%
*Nairobi SE 20 Share 1,922.58 +9.79 +0.51%
*Nigeria SE Main-Board 39,697.62 -234.01 -0.59%
*BBG EMEA World Index 146.80 +0.46 +0.31%
*GSE Composite Index 2,205.47 -7.19 -0.32%
*GSE Financial Index 1,860.26 13.05 -0.70%
🔼GSE 2021 GAINERS ➖ PRICE ➖ YTD%
MTNGH ➡Gh¢0.83 🔼+29.69%
CAL ➡Gh¢0.80 🔼+15.94%
SOGEGH ➡Gh¢0.73 🔼+14.06%
SCB ➡Gh¢18.15 🔼+11.28%
GCB ➡Gh¢4.50 🔼+11.11%
🔻GSE 2021 LOSERS ➖ PRICE ➖ YTD%
ETI ➡Gh¢0.07 🔻-12.50%
UNIL ➡Gh¢7.47 🔻-9.89%
ALW ➡Gh¢0.10 🔻-9.09%
ACCESS ➡Gh¢4.30 🔻-2.05%
GSE INDEXES ⏸ 2021 YTD RETURNS%
*GSE Composite Index 2,205.47 🔼+13.59%
*GSE Financial Index 1,860.26 🔼+4.35%
💧MUTUAL FUNDS IN GHANA♣️
📈EQUITY FUNDS ➰YTD%
Databank EPAcK 🔼+2.57%
SAS Fortune 🔼+4.82%
Republic Equity Trust 🔼+2.94%
⚖BALANCED FUNDS ⏸ YTD%
Databank Bfund 🔼+3.70%
EDC Balanced 🔼+6.51%
CM Fund 🔼+2.41%
CDH Balanced Fund 🔼+2.28%
CCMF 🔼+2.37%
Republic Future Plan Trust 🔼+2.75%
Databank EdiFund T2 🔼+3.26%
Dalex Vision Fund 🔼+3.74%
Plus Balanced Fund 🔼+3.56%
Fidelity Balanced Trust 🔼+4.67%
⚙FIXED INCOME FUNDS 🛡YTD%
EDC Fixed Income 🔼+2.57%
Fidelity Fixed Income Trust 🔼+2.94%
NIMED Fixed Income Tier 1 🔼+2.11%
NIMED Fixed Income Tier 2 🔼+2.49%
Fixed Income Alpha Plus 🔼+2.44%
Plus Income Fund 🔼+2.42%
STANLIB Income 🔼+2.51%
Databank Mfund 🔼+2.70%
MONEY MARKET FUNDS ⏱YTD%
Databank EdiFund T1 🔼+2.74%
STANLIB Cash 🔼+2.12%
EDC Money Market Fund 🔼+2.25%
Republic Unit Trust 🔼+2.40%
✴ COMMODITIES MARKET
*Brent Crude $/barrel⛽ $62.46 -1.23 -1.93%
*Natural Gas 🏭 $/million BTUS $2.84 +0.06 +2.23%
*Gold 👑 $/troy ounce $1,733.60 +10.60 +0.62%
*Silver 💍 $/troy ounce $26.88 +0.20 +0.75%
*Corn 🌽 $/bushel $545.00 +6.75 +1.25%
*Cocoa 🍫 $/metric ton $2,645.00 +6.00 +0.23%
*Coffee ☕ $/pound $133.85 -1.95 -1.44%
*Sugar🎂 $/pound $16.43 +0.22 +1.36%
*Lumber $/1000 board feet $836.10 +20.40 +2.50%
Rubber USd/kg $173.60 -2.80 -1.59%
Sources: Bank of Ghana, Bloomberg, GSE, Reuters, Citifm, Myjoyonline, Ghanaweb, Doobia, BBC, Graphic Business, B&FT, StarFmonline, Ghana News Agency.
Compiled By:
Prince Henry Danquah
Bora Capital Advisors Ltd.
+233(0)50-002-3155
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