🚩The Social Security and National Insurance Trust (SSNIT) is set to accept Ghana Card from its new pension scheme applicants in the coming days. This, according to SSNIT forms part of its measures to streamline and improve its services. SSNIT has also said already existing customers can also have their Ghana Cards integrated into the system. In an interview with the Director-General of SSNIT, Dr John Ofori-Tenkorang, on Accra-based Citi News closely monitored by Ghanaweb, he said the move will help in advancing pensions scheme enrollment across the country.
🚩New data released by the Bank of Ghana suggests that Ghana’s economy may have begun a rebound from the contractions it suffered during the second and third quarters of 2020 as a result of the adverse impact of COVID-19 and the requisite socio-economic restrictions imposed by government to curb the spread of infection. The central bank’s Composite Index of Economic Activity grew strongly during the last quarter of 2020 and although the usual close correlation between the CIEA and Gross Domestic Product measurements conducted by the Ghana Statistical Service have loosened somewhat since the advent of the coronavirus pandemic, the sheer strength of the CIEA’s rise suggests that Ghana enjoyed a resumption of economic growth during the period.
🚩Ghana will be rolling out the unified license regime, a global standard of licensing for telecom operators with the aim to bring down the cost of internet for operators and consequently consumers. This is in line with the quest by the government to make data accessible to consumers at a cheaper rate. The new licensing regime will also allow telecom operators to acquire one set of licenses for both voice and data operations. Answering questions from the Appointment Committee of Parliament, Minister designate for Communication and Digitalization, Ursula Owusu Ekuful hinted that the option has become critical due to the increasing usage of data in the country. According to Ursula Owusu Ekuful, the current license regime doesn’t have the technology to grant a single license for a spectrum operation, therefore operators acquire a separate license for each spectrum that is either 2G, 3G or 4G. This situation she believes will contribute to the high cost of internet or data.
🚩Ghana Government has settled a little over 50% of debt owed the Independent Power Producers, Distributors and Bulk Consumers. This leaves the current indebtedness of the government to the IPPs at about $750 million. The Chamber of Independent Power Producers describes the move as a good faith shown by government but wants more. According to the Chamber, it remains the most competitive energy private sector player in the ECOWAS sub region. Chief Executive, Elikplim Komla Apetorgbor said “IPPs in Ghana remains the most competitive in the sub region. We are doing averagely 11 cents per kWh, and as a chamber and as an objective, we have challenged ourselves to competition to do better than this.”
🚩The Electricity Company of Ghana (ECG) Tema Regional office has recouped close to GH¢8 million from power theft in the year 2020. The recovery has been realised through a stepped-up routine operational surveillance by the power distributor to breach the surging loss of revenue due to power siphoning. The Tema Regional office of the Electricity Company of Ghana comprises seven districts namely South Tema, Afienya, Krobo, South Tema, Ada, Nungua and Prampram. Substantive customers in the districts, particularly Krobo, Afienya and Ada presently use postpaid metres, as a few others are also on Self Help Electrification Project, SHEP metres.
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Join another Invest in Gh webinar on 20th February at 17:00GMT. Guest Speaker Mr. Kojo Addo-Kufuor will tell his life journey and how he co-founded and served as Executive Director at Ghana Home Loans. 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 5.7568 Sell 5.7626
GB£GH¢ Buy 8.0049 Sell 8.0134
CHFGH¢ Buy 6.4639 Sell 6.4703
AUD$GH¢ Buy 4.4763 Sell 4.4811
CAD$GH¢ Buy 4.5521 Sell 4.5565
JP¥GH¢ Buy 0.0546 Sell 0.0547
NZDGH¢ Buy 4.1585 Sell 4.1638
ZARGH¢ Buy 0.3988 Sell 0.3991
EU€GH¢ Buy 6.9796 Sell 6.9864
CHN¥GH¢ Buy 0.8914 Sell 0.8921
GH¢CFA Buy 93.8906 Sell 93.9820
GH¢NG₦ Buy 67.7119 Sell 68.1459
CRYPTOCURRENCY MARKET
Bitcoin $49,202.54 🔼5.33%
Ethereum $1,817.32 🔼6.73%
Ripple $0.5710 🔼8.65%
Cardano $0.8859 🔼13.78%
Polkadot $29.41 🔼24.38%
Binance Coin $131.12 🔼9.14%
Litecoin $217.46 🔼13.15%
Chainlink $32.95 🔼16.29%
Stellar $0.5118 🔼16.43%
Bitcoin Cash $734.92 🔼18.01%
Dogecoin $0.05921 🔼13.37%
Bitcoin SV $254.95 🔼15.52%
Monero $229.91 🔼11.36%
EOS $4.91 🔼15.14%
💵Bloomberg USDGHS Cross Rate – 5.8024 (YTD – 🔽-1.10%)
🔼GSE DAILY GAINERS➖%CHANGE➖PRICE
MTNGH ➡Gh¢0.80 🔼+1.27%
🔻GSE DAILY LOSERS➖%CHANGE➖PRICE
No losers for today
〽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 12.8085% Interest Rate 13.2322%
182 – Day Discount Rate 13.0527% Interest Rate 13.9640%
364 – Day Discount Rate 14.4269% Interest Rate 16.8592%
1 Year Fixed Note Interest Rate 16.5672%
2 Year Fixed Note Interest Rate 18.5000%
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¢5.20 (🔺️+1.96%)
🏧 MARKET INDEXES
*Dow Jones Index🚂⛽ 31,458.40 +27.70 +0.09%
*S&P 500 🏦 3,934.83 +18.45 +0.47%
*Nasdaq Index📲💻 14,095.47 +69.70 +0.50%
- NYSE Composite Index 15,369.60 +72.51 +0.47%
*London FTSE 100 6,756.11 +166.32 +2.52%
*Germany DAX 14,109.48 +59.59 +0.42%
*Japan NIKKEI 225 30,564.19 +480.04 +1.60%
*Tokyo TOPIX Index 1,971.32 +17.38 +0.89%
*Hong Kong HANG SENG 30,637.46 +463.89 +1.54%
*Shanghai Shenzhen 300 5,807.72 +121.47 +2.14%
*S&P/ASX 200 Index 6,885.50 +16.58 +0.24%
*Bloomsberg EU 500 278.55 +3.73 +1.36%
*France CAC All-Tradable 4,503.28 +59.86 +1.35%
*MOEX Russia Index 3,481.90 +54.82 +1.60%
*FTSE/JSE South Africa Top40 61,674.76 +1,000.82 +1.65%
*Nairobi SE 20 Share 1,885.15 -4.62 -0.24%
*Nigeria SE Main-Board 40,573.31 +133.46 +0.33%
*BBG EMEA World Index 149.12 +1.94 +1.32%
*GSE Composite Index 2,178.03 +11.74 +0.54%
*GSE Financial Index 1,874.40 0.00 0.00%
🔼GSE 2021 GAINERS ➖ PRICE ➖ YTD%
MTNGH ➡Gh¢0.80 🔼+25.00%
CAL ➡Gh¢0.81 🔼+17.39%
SOGEGH ➡Gh¢0.73 🔼+14.06%
SCB ➡Gh¢18.15 🔼+11.28%
GCB ➡Gh¢4.50 🔼+11.11%
🔻GSE 2021 LOSERS ➖ PRICE ➖ YTD%
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 2,178.03 🔼+12.18%
*GSE Financial Index 1,874.40 🔼+5.14%
💧MUTUAL FUNDS IN GHANA♣️
📈EQUITY FUNDS ➰YTD%
Databank EPAcK 🔼+1.85%
SAS Fortune 🔼+4.14%
⚖BALANCED FUNDS ⏸ YTD%
Databank Bfund 🔼+2.70%
EDC Balanced 🔼+4.54%
CCMF 🔼+1.47%
CM Fund 🔼+1.26%
CDH Balanced Fund 🔼+1.90%
Elite Mutual Fund 🔼+0.69%
Databank EdiFund T2 🔼+2.34%
Dalex Vision Fund 🔼+3.35%
Plus Balanced Fund 🔼+2.52%
Fidelity Balanced Trust 🔼+3.46%
UMB Balanced Fund 🔼+1.05%
⚙FIXED INCOME FUNDS 🛡YTD%
EDC Fixed Income 🔼+1.77%
Fidelity Fixed Income Trust 🔼+2.13%
NIMED Fixed Income Tier 1 🔼+1.48%
NIMED Fixed Income Tier 2 🔼+1.87%
Fixed Income Alpha Plus 🔼+2.44%
Plus Income Fund 🔼+2.42%
STANLIB Income 🔼+1.89%
Databank Mfund 🔼+1.84%
MONEY MARKET FUNDS ⏱YTD%
Databank EdiFund T1 🔼+1.84%
STANLIB Cash 🔼+1.59%
EDC Money Market Fund 🔼+1.53%
✴ COMMODITIES MARKET
*Brent Crude $/barrel⛽ $63.59 +0.29 +0.46%
*Natural Gas 🏭 $/million BTUS $3.07 +0.16 +5.32%
*Gold 👑 $/troy ounce $1,824.20 +1.00 +0.05%
*Silver 💍 $/troy ounce $27.89 +0.56 +2.04%
*Corn 🌽 $/bushel $543.00 +6.50 +1.21%
*Cocoa 🍫 $/metric ton $2,433.00 -4.00 -0.16%
*Coffee ☕ $/pound $123.05 0.00 0.00%
*Sugar🎂 $/pound $166.00 -0.50 -0.30%
*Lumber $/1000 board feet $982.10 +3.10 +0.32%
Rubber USd/kg $15.64 -0.15 -0.95%
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