🚩The year-on-year inflation rate rises to 10.3 percent in February 2021 compared to 9.9 percent, the previous month, the Ghana Statistical Service said on Wednesday. The rate is 0.4 percentage point higher than the rate for January. The month-on-month inflation between January and February was 0.8 percent. Professor Samuel Annim, the Government Statistician, said the slight increase in the inflation rate was due to a rise in non-food inflation. Non-food inflation rose to 8.8 percent from the January rate of 7.7 percent. The Food and Non-Alcoholic Beverages inflation fell to 12.3 percent from 12.8 percent.
🚩All National Identification numbers will become Tax Identification Numbers [TINs] from April 1, 2021. This was disclosed by President Nana Addo Dankwa Akufo-Addo in his State of the Nation Address in Parliament today, Tuesday, March 9, 2021. “Mr. Speaker for the first time, we have enrolled 15.5 million people onto the National Identity System [Ghana Card] and we will complete the process this year. From April 1, 2021, all National identification numbers will become Tax Identification Numbers [TINs]. In so doing, the number of persons registered by GRA for tax purposes will increase from the current three million to 15.5 million,” said the President. The President said from the 2nd quarter of 2021, all National ID numbers will also become SSNIT numbers.
🚩The Managing Director of Bayport Savings and Loans, Nii Amankra Tetteh, has stepped down from his position as Managing Director of the financial institution. A statement by the company said Mr Nii Amankra Tetteh opted out to “pursue other opportunities elsewhere”.
Mr was appointed by the Board of Directors of Bayport Savings and Loans Ltd (Bayport) and approved by the
Bank of Ghana on December 11, 2017, to replace Mr Kofi Adu-Mensah. He joined Bayport from Barclays Bank of Ghana Ltd, where he was Director, Retail & Business Banking.
🚩The Registrar-General’s Department has announced that it will hold a virtual first creditors meeting with creditors of the 53 defunct fund management companies. The meeting, slated for 11 March 2021, will be followed by a virtual class meeting which will be held on March 12, 2021 from 9:00 am to 11:00 am for investors of fund management companies only, a statement issued by the Registrar-General’s Department indicated. In accordance with Section 122 (2) (b) of the Securities Industry Act 2016, (Act 929) (SIA), the Securities and Exchange Commission (SEC) revoked the licenses of 53 Fund Management Companies (FMCs) in 2019.
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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.
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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$GH¢ Buy 5.7236 Sell 5.7294
GB£GH¢ Buy 7.9484 Sell 7.9569
CHFGH¢ Buy 6.1416 Sell 6.1477
AUD$GH¢ Buy 4.4114 Sell 4.4169
CAD$GH¢ Buy 4.5231 Sell 4.5274
JP¥GH¢ Buy 0.0527 Sell 0.0527
NZDGH¢ Buy 4.1022 Sell 4.1074
ZARGH¢ Buy 0.3774 Sell 0.3778
EU€GH¢ Buy 6.8069 Sell 6.8136
CHN¥GH¢ Buy 0.8798 Sell 0.8807
GH¢CFA Buy 96.2717 Sell 96.3665
GH¢NG₦ Buy 71.3665 Sell 71.5079
CRYPTOCURRENCY MARKET
Bitcoin $55,365.90 🔻-3.21%
Ethereum $1,783.69 🔻-0.55%
Ripple $0.4565 🔻-2.02%
Cardano $1.13 🔻-2.35%
Polkadot $36.68 🔻-1.98%
Binance Coin $278.79 🔻-1.31%
Litecoin $197.68 🔻-1.54%
Chainlink $30.73 🔻-13.11%
Stellar $0.4129 🔻-2.66%
Wrapped Bitcoin $50,761.43 🔻-3.48%
Bitcoin Cash $542.80 🔻-3.25%
Dogecoin $0.05521 🔻-1.02%
Bitcoin SV $187.85 🔻-0.86%
Monero $218.06 🔻-0.48%
EOS $3.99 🔻-0.81%
💵Bloomberg USDGHS Cross Rate – 5.7335 (YTD – 🔽-2.27%)
🔼GSE DAILY GAINERS➖%CHANGE➖PRICE
No gainers for today
🔻GSE DAILY LOSERS➖%CHANGE➖PRICE
CAL ➡Gh¢0.75 🔻-9.64%
〽Inflation rate in Ghana ➡ 10.30% (🔽+4.04%)
🏦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🚂⛽ 32,297.02 +464.28 +1.46%
*S&P 500 🏦 3,898.81 +23.37 +0.60%
*Nasdaq Index📲💻 13,068.83 -4.99 -0.04%
- NYSE Composite Index 15,521.84 +146.21 +0.95%
*London FTSE 100 6,725.60 -4.74 -0.07%
*Germany DAX 14,540.25 +102.31 +0.71%
*Japan NIKKEI 225 29,036.56 +8.62 +0.03%
*Tokyo TOPIX Index 1,919.74 +2.06 +0.11%
*Hong Kong HANG SENG 28,907.52 +134.29 +0.47%
*Shanghai Shenzhen 300 5,003.61 +32.61 +0.66%
*S&P/ASX 200 Index 6,714.11 -57.06 -0.84%
*Bloomsberg EU 500 280.18 +1.27 +0.46%
*France CAC All-Tradable 4,634.90 +42.81 +0.93%
*Dubai DFM General Index 2,547.34 +8.74 +0.34%
*MOEX Russia Index 3,463.06 -15.66 -0.45%
*FTSE/JSE South Africa Top40 62,886.16 -212.17 -0.34%
*Nairobi SE 20 Share 1,915.14 -6.80 -0.35%
*Nigeria SE Main-Board 38,931.25 +244.40 +0.63%
*BBG EMEA World Index 148.25 +0.71 +0.48%
*GSE Composite Index 2,203.16 -4.79 -0.22%
*GSE Financial Index 1,856.06 8.69 0.47%
🔼GSE 2021 GAINERS ➖ PRICE ➖ YTD%
MTNGH ➡Gh¢0.83 🔼+29.69%
SOGEGH ➡Gh¢0.74 🔼+15.63%
SCB ➡Gh¢18.15 🔼+11.28%
GCB ➡Gh¢4.50 🔼+11.11%
RBGH ➡Gh¢0.45 🔼+9.76%
🔻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 2,203.16 🔼+13.47%
*GSE Financial Index 1,856.06 🔼+4.11%
💧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 🔼+2.89%
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⛽ $68.18 +0.66 +0.98%
*Natural Gas 🏭 $/million BTUS $2.69 +0.03 +1.13%
*Gold 👑 $/troy ounce $1,721.80 +4.90 +0.29%
*Silver 💍 $/troy ounce $26.13 -0.05 -0.20%
*Corn 🌽 $/bushel $534.00 -11.75 -2.15%
*Cocoa 🍫 $/metric ton $2,573.00 +20.00 +0.78%
*Coffee ☕ $/pound $130.85 +0.45 +0.35%
*Sugar🎂 $/pound $15.96 +0.06 +0.38%
*Lumber $/1000 board feet $903.70 -5.40 -0.59%
Rubber USd/kg $177.40 +3.00 +1.72%
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