🚩Government of Ghana has commenced the processes for the 2021 International Capital Market (ICM) Funding Programme. Government is expected to raise up to US$5 billion and the funds will be used to support growth-oriented expenditures in the 2021 Budget as well as conduct liability management of both Eurobonds and Domestic Bonds. According to a statement from the Finance Ministry, Bank of America, Citi Bank, Rand Merchant Bank, Standard Chartered Bank and Standard Bank have been penciled down as Lead Managers for the raising of the Eurobonds. The statement further said the programme instruments consist of Eurobonds, Diaspora Bonds, Sustainable Bonds and Syndicated/Bridge Loans.
🚩President Nana Akufo-Addo has said the country’s Gross domestic product (GDP) will grow by five per cent (5%) by the end of 2021. The president made this known on Tuesday when he delivered his first state of the nation address (SONA) of his second term in Parliament . He said although the COVID-19 pandemic had affected the economic outlook of the country but promised to lead the country to improve the economy. He said among other things that his government would lead a “rapid industrialisation” drive that will result in “a value added economy” which will be fuelled by one of his flagship programmes, the One District, One Factory (1D1F). He said 232 projects under the 1D1F are at various stages of completion which would contribute to boosting the industrialization sector.
🚩The National Association of Sachet and Packaged Water Producers (NASPAWAP) has reviewed the price of iced sachet water from 20 pesewas to 30 pesewas, effective March 15, 2021. A statement copied to the Ghana News Agency by Mr Magnus Nunoo, National President, NASPAWAP, said the increase was the result of a hike in the price of production materials. It said the last time NASPAWAP reviewed its prices was in 2019 and that the leadership had noted with concern anomalies in a press release allegedly circulated by another Association announcing a price review of sachet water with effect from March 8, 2021.
🚩Global food commodity prices rose for the ninth consecutive month in February, with quotations for sugar and vegetable oils increasing the most, the Food and Agriculture Organization of the United Nations (FAO), has reported. The report tracks monthly changes in the international prices of commonly-traded food commodities, which averaged 116.0 points in February, 2.4 per cent higher than the previous month and up 26.5 per cent from a year ago. The FAO Sugar Price Index rose by 6.4 per cent from January, as production declines in key producing countries together with strong import demand from Asia prompted ongoing concerns over tighter global supplies.
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Join another Invest in Gh webinar on March 13, 2021 @ 17:00GMT. Mr. Ohene Aku Kwapong (Founder of Songhai Group) will speak on the topic “How to Build Wealth: Strategies to Increase your Earning Potential”. Visit www.investingh.info to register for free.
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Secure your Tomorrow with MY OWN PENSION on your MTN Mobile Money and make contributions that you can rely upon tomorrow. Watch the MoP webinar on the Invest in Gh YouTube channel.
To Register for MoP, Simply dial *170#, select Option 5 (Financial Services) and select Option 4 (Pensions and Investments), select Option 1 (My Own Pension), select Option 1 (Enrol) and follow the prompts to Begin
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Do you want to know more about Investing in Stocks, Mutual Funds, Cryptocurrencies? Or do you want to learn about the Real Estate Market in Ghana? Perhaps you want to know how to achieve Financial Independence? Invest in Gh has webinars to educate you on all these topics and more…
Visit the YouTube Channel at https://youtube.com/InvestinGh to learn more…
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✴INTERBANK FOREX RATES 💴💰
US$GH¢ Buy 5.7238 Sell 5.7296
GB£GH¢ Buy 7.9504 Sell 7.9589
CHFGH¢ Buy 6.1598 Sell 6.1654
AUD$GH¢ Buy 4.4077 Sell 4.4124
CAD$GH¢ Buy 4.5250 Sell 4.5293
JP¥GH¢ Buy 0.0527 Sell 0.0528
NZDGH¢ Buy 4.0961 Sell 4.1012
ZARGH¢ Buy 0.3724 Sell 0.3728
EU€GH¢ Buy 6.8028 Sell 6.8089
CHN¥GH¢ Buy 0.8786 Sell 0.8795
GH¢CFA Buy 96.3382 Sell 96.4246
GH¢NG₦ Buy 71.4810 Sell 71.6241
CRYPTOCURRENCY MARKET
Bitcoin $53,585.06 🔻-0.30%
Ethereum $1,794.73 🔼2.80%
Ripple $0.4647 🔻-3.76%
Cardano $1.15 🔻-0.94%
Polkadot $37.28 🔼3.54%
Binance Coin $278.99 🔼14.27%
Litecoin $194.30 🔻-1.95%
Chainlink $30.40 🔻-3.09%
Stellar $0.4129 🔻-2.66%
Wrapped Bitcoin $50,761.43 🔻-3.48%
Bitcoin Cash $531.38 🔻-2.15%
Dogecoin $0.05671 🔻-4.70%
Bitcoin SV $186.76 🔻-0.88%
Monero $217.93 🔻-3.09%
EOS $3.99 🔻-0.93%
💵Bloomberg USDGHS Cross Rate – 5.7350 (YTD – 🔽-2.25%)
🔼GSE DAILY GAINERS➖%CHANGE➖PRICE
No gainers for today
🔻GSE DAILY LOSERS➖%CHANGE➖PRICE
No losers for today
〽Inflation rate in Ghana ➡ 9.90% (🔽-4.81%)
🏦Ghana Reference Rate ➡ 14.34% (🔽-2.91%)
✳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 12.6366% Interest Rate 13.0488%
182 – Day Discount Rate 12.9646% Interest Rate 13.8633%
364 – Day Discount Rate 14.3521% Interest Rate 16.7571%
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 18.3000%
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🚂⛽ 31,865.09 +62.65 +0.20%
*S&P 500 🏦 3,891.15 +69.80 +1.83%
*Nasdaq Index📲💻 13,071.66 +462.50 +3.67%
- NYSE Composite Index 15,436.53 +148.15 +0.97%
*London FTSE 100 6,730.34 +11.21 +0.17%
*Germany DAX 14,437.94 +57.03 +0.40%
*Japan NIKKEI 225 29,027.94 +284.69 +0.99%
*Tokyo TOPIX Index 1,917.68 +24.10 +1.27%
*Hong Kong HANG SENG 28,773.23 +232.40 +0.81%
*Shanghai Shenzhen 300 4,971.00 -109.02 -2.15%
*S&P/ASX 200 Index 6,771.16 +31.59 +0.47%
*Bloomsberg EU 500 278.91 +2.21 +0.80%
*France CAC All-Tradable 4,592.09 +18.08 +0.40%
*Dubai DFM General Index 2,538.60 -1.79 -0.07%
*MOEX Russia Index 3,478.72 +64.59 +1.89%
*FTSE/JSE South Africa Top40 63,098.33 +187.73 +0.30%
*Nairobi SE 20 Share 1,921.94 -10.99 -0.57%
*Nigeria SE Main-Board 38,686.85 -709.72 -1.80%
*BBG EMEA World Index 147.54 +1.50 +1.03%
*GSE Composite Index 2,207.95 0.00 0.00%
*GSE Financial Index 1,864.75 0.00 0.00%
🔼GSE 2021 GAINERS ➖ PRICE ➖ YTD%
MTNGH ➡Gh¢0.83 🔼+29.69%
CAL ➡Gh¢0.83 🔼+20.29%
SOGEGH ➡Gh¢0.74 🔼+15.63%
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 2,207.95 🔼+13.72%
*GSE Financial Index 1,864.75 🔼+4.60%
💧MUTUAL FUNDS IN GHANA♣️
📈EQUITY FUNDS ➰YTD%
Databank EPAcK 🔼+2.36%
SAS Fortune 🔼+5.42%
Republic Equity Trust 🔼+2.94%
⚖BALANCED FUNDS ⏸ YTD%
Databank Bfund 🔼+3.77%
EDC Balanced 🔼+6.72%
CM Fund 🔼+2.41%
CDH Balanced Fund 🔼+2.60%
CCMF 🔼+2.48%
Republic Future Plan Trust 🔼+2.82%
Databank EdiFund T2 🔼+3.40%
Elite Mutual Fund Plc 🔼+1.88%
Dalex Vision Fund 🔼+4.05%
Plus Balanced Fund 🔼+3.56%
Fidelity Balanced Trust 🔼+5.02%
⚙FIXED INCOME FUNDS 🛡YTD%
EDC Fixed Income 🔼+2.73%
Fidelity Fixed Income Trust 🔼+3.11%
NIMED Fixed Income Tier 1 🔼+2.43%
NIMED Fixed Income Tier 2 🔼+2.77%
Fixed Income Alpha Plus 🔼+3.17%
Plus Income Fund 🔼+2.98%
Financial Independence Fund 🔼+2.17%
STANLIB Income 🔼+2.81%
Databank Mfund 🔼+2.83%
MONEY MARKET FUNDS ⏱YTD%
Databank EdiFund T1 🔼+2.86%
STANLIB Cash 🔼+2.38%
EDC Money Market Fund 🔼+2.39%
Republic Unit Trust 🔼+2.54%
✴ COMMODITIES MARKET
*Brent Crude $/barrel⛽ $67.28 -0.96 -1.41%
*Natural Gas 🏭 $/million BTUS $2.65 -0.01 -0.56%
*Gold 👑 $/troy ounce $1,714.90 +36.90 +2.20%
*Silver 💍 $/troy ounce $26.07 +0.80 +3.15%
*Corn 🌽 $/bushel $545.75 -1.25 -0.23%
*Cocoa 🍫 $/metric ton $2,553.00 +20.00 +0.79%
*Coffee ☕ $/pound $130.40 +1.25 +0.97%
*Sugar🎂 $/pound $15.90 -0.30 -1.85%
*Lumber $/1000 board feet $910.40 +31.50 +3.58%
Rubber USd/kg $174.40 -1.30 -0.74%
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