🚩The Producer Price Inflation (PPI) rate for January 2021 was 9.1 percent, the Ghana Statistical Service (GSS) has announced. This indicates that between January 2020 and January 2021 (year-on-year), the PPI increased by 9.1 percent. It represents a 2.1 percentage point increase in producer inflation relative to the rate recorded in December 2020 (7.0%). The month-on-month change in producer price index between December 2020 and January 2021 was 3.5 percent, indicating an increase.
🚩The Bank of Ghana (BoG) has once again cautioned the general public against the practice of engaging in money doubling, card loading, and credit card loading schemes. According to the bank, the practice often involves inviting the general public through the social, traditional mediums asking them to deposit funds through the various payment systems for attractive returns and opportunities. But reiterating the call in a statement it first issued in October 2020 and republished on Wednesday February 17 2021, the Bank of Ghana said it has not issued a license to any entity or individuals to engage in the act as required by the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930), as their activities amount to deposit-taking.
🚩The Ghana Community Network Service Limited (GCNet) has served notice of redundancy to some category of staff who are due to be laid off from April 2021. A copy of a redundancy letter explained that management had to embark on a demobilization exercise in the operations of the GeGov Service, Infrastructure and Support Departments due to a non-renewal of the Service Agreement with the Ghana Revenue Authority, GRA. “Per above, your employment contract shall be determined through redundancy. GCNet is hereby serving three months effective February 1, 2021. The effective date of your termination is April 30, 2021,” portions of the letter read.
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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$GH¢ Buy 5.7567 Sell 5.7625
GB£GH¢ Buy 7.9621 Sell 7.9707
CHFGH¢ Buy 6.4035 Sell 6.4099
AUD$GH¢ Buy 4.4484 Sell 4.4540
CAD$GH¢ Buy 4.5196 Sell 4.5239
JP¥GH¢ Buy 0.0544 Sell 0.0544
NZDGH¢ Buy 4.1236 Sell 4.1288
ZARGH¢ Buy 0.3914 Sell 0.3916
EU€GH¢ Buy 6.9230 Sell 6.9292
CHN¥GH¢ Buy 0.8905 Sell 0.8912
GH¢CFA Buy 94.6656 Sell 94.7504
GH¢NG₦ Buy 65.9334 Sell 66.3813
CRYPTOCURRENCY MARKET
Bitcoin $52,225.37 🔼3.32%
Ethereum $1,833.21 🔼0.69%
Ripple $0.5368 🔼5.03%
Cardano $0.8860 🔼4.75%
Polkadot $31.75 🔼2.47%
Binance Coin $165.57 🔼2.15%
Litecoin $232.15 🔼6.46%
Chainlink $32.02 🔼1.34%
Stellar $0.4969 🔼7.64%
Bitcoin Cash $715.44 🔼12.93%
Dogecoin $0.04968 🔼8.31%
Bitcoin SV $261.94 🔼2.13%
Monero $244.51 🔼3.37%
EOS $4.74 🔼4.88%
💵Bloomberg USDGHS Cross Rate – 5.7996 (YTD – 🔽-1.15%)
🔼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 ➡ 14.77% (🔺️+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🚂⛽ 31,613.02 +90.27 +0.29%
*S&P 500 🏦 3,931.33 -1.26 -0.03%
*Nasdaq Index📲💻 13,965.50 -82.00 -0.58%
- NYSE Composite Index 15,402.59 -20.43 -0.13%
*London FTSE 100 6,710.90 -37.96 -0.56%
*Germany DAX 13,909.27 -155.33 -1.10%
*Japan NIKKEI 225 30,292.19 -175.56 -0.58%
*Tokyo TOPIX Index 1,961.49 -3.59 -0.18%
*Hong Kong HANG SENG 31,084.94 +338.28 +1.10%
*Shanghai Shenzhen 300 5,807.72 +121.47 +2.14%
*S&P/ASX 200 Index 6,885.22 -32.05 -0.46%
*Bloomsberg EU 500 276.23 -1.87 -0.67%
*France CAC All-Tradable 4,485.09 -17.37 -0.39%
*MOEX Russia Index 3,436.80 -58.46 -1.67%
*FTSE/JSE South Africa Top40 61,738.47 -36.98 -0.06%
*Nairobi SE 20 Share 1,874.67 -4.52 -0.24%
*Nigeria SE Main-Board 40,465.32 -29.03 -0.07%
*BBG EMEA World Index 147.17 -1.67 -1.12%
*GSE Composite Index 2,174.44 0.00 0.00%
*GSE Financial Index 1,867.87 0.00 0.00%
🔼GSE 2021 GAINERS ➖ PRICE ➖ YTD%
MTNGH ➡Gh¢0.80 🔼+25.00%
SOGEGH ➡Gh¢0.73 🔼+14.06%
SCB ➡Gh¢18.15 🔼+11.28%
GCB ➡Gh¢4.50 🔼+11.11%
RBGH ➡Gh¢0.45 🔼+9.76%
🔻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 2,174.44 🔼+11.99%
*GSE Financial Index 1,867.87 🔼+4.77%
💧MUTUAL FUNDS IN GHANA♣️
📈EQUITY FUNDS ➰YTD%
Databank EPAcK 🔼+1.85%
SAS Fortune 🔼+4.14%
⚖BALANCED FUNDS ⏸ YTD%
Databank Bfund 🔼+2.67%
EDC Balanced 🔼+5.65%
CCMF 🔼+1.47%
CM Fund 🔼+1.26%
CDH Balanced Fund 🔼+2.01%
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 🔼+1.86%
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 🔼+1.61%
✴ COMMODITIES MARKET
*Brent Crude $/barrel⛽ $64.80 +1.45 +2.29%
*Natural Gas 🏭 $/million BTUS $3.22 +0.09 +2.88%
*Gold 👑 $/troy ounce $1,772.80 -26.20 -1.46%
*Silver 💍 $/troy ounce $27.32 -0.01 -0.04%
*Corn 🌽 $/bushel $550.75 +1.00 +0.18%
*Cocoa 🍫 $/metric ton $2,374.00 -54.00 -2.22%
*Coffee ☕ $/pound $127.40 +1.20 +0.95%
*Sugar🎂 $/pound $16.11 +0.19 +1.19%
*Lumber $/1000 board feet $986.90 -5.50 -0.55%
Rubber USd/kg $169.00 +1.40 +0.84%
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