🚩The Government of Ghana and the parent companies of AirtelTigo, Bharti Airtel Ghana Holdings B.V., MIC Africa B.V have concluded negotiations and signed an agreement to transfer the shares of the company to the Ghana Government following the announcement of the company’s departure from the Ghanaian market last year. This agreement transfers all customers, assets and agreed liabilities of AirtelTigo to the Government of Ghana. The Minister for Communications and Digitalisation, Mrs. Ursula Owusu-Ekuful (MP) signed on behalf of the Government of Ghana, while Ms. Jatina Catharina Uneken-van de Vreede, Mr. Martin P Frechette, Mr. Timothy Pennington, Mr. Eric Nana Nipah and Mr. Vish Ashiagbor signed on behalf of the seller entities.
🚩Mechanical Lloyd Plc has delisted from the Ghana Stock Exchange (GSE) following the completion of the tender offer and settlement of all shareholders who tendered in their shares. The Company in a release last week said it will delist from stock market after trading on Friday, 16 April 2021. The delisting has been approved by the GSE. “The offer was for 16,900,487 ordinary shares at GHS0.10 per share. At the close of the Offer, a total of 165 shareholders tendered in 2,800,065 shares. Settlement (shares and cash) of the tendered shares has occurred,” the company stated. The de-listing is in line with Mechanical Lloyd’s strategy to review its business model and structures to re-position the Company going forward. The company has indicated that the de-listing will not impact job security, day-to-day operations and relationships with stakeholders.
🚩The Government of Ghana has signed an agreement with cocoa and chocolate companies to accelerate collaboration to protect and restore forests in cocoa-growing areas. With the agreement, the World Cocoa Foundation (WCF) and the Forestry Commission of Ghana (GFC) are building a partnership to further align the Ghana Cocoa Forest REDD+ Programme (GCFRP) and the Cocoa and Forests Initiative to achieve no-deforestation commitments. The Memorandum of Understanding, signed by GFC and WCF, commits the parties to work together in six regions where the government of Ghana has made action to protect and restore forests a priority.
🚩Ghana received a total of 279 Foreign Direct Investment (FDI) projects valued at US$2.7 billion in 2020 despite the COVID-19 pandemic. The projects will go into areas such as manufacturing, services, building and construction, agriculture, mining, petroleum and export trading and expected to generate 27,110 jobs nationwide. According to the Ghana Investment Promotion Centre (GIPC) that facilitated the investment drive, a total value of US$2.65 billion of those projects were foreign investments while US$145 million were domestic. Information Minister Kojo Oppong Nkrumah announced this during the Minister’s media briefing in Accra on Sunday.
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✴✴INTERBANK FOREX RATES 💴💰
US$GH¢ Buy 5.7290 Sell 5.7348
GB£GH¢ Buy 7.9175 Sell 7.9266
CHFGH¢ Buy 6.2318 Sell 6.2380
AUD$GH¢ Buy 4.4299 Sell 4.4357
CAD$GH¢ Buy 4.5832 Sell 4.5879
JP¥GH¢ Buy 0.0526 Sell 0.0527
NZDGH¢ Buy 4.0862 Sell 4.0917
ZARGH¢ Buy 0.3999 Sell 0.4002
EU€GH¢ Buy 6.8627 Sell 6.8700
CHN¥GH¢ Buy 0.8786 Sell 0.8794
GH¢CFA Buy 95.4814 Sell 95.5829
GH¢NG₦ Buy 71.4999 Sell 71.5138
CRYPTOCURRENCY MARKET
Bitcoin $56,977.69 🔻0.55%
Ethereum $2,256.45 🔼5.26%
Binance Coin $523.48 🔻3.13%
Ripple $1.51 🔻3.92%
Cardano $1.30 🔻4.83%
Polkadot $40.78 🔻3.77%
Uniswap $37.79 🔼5.08%
Litecoin $276.61 🔻2.31%
Chainlink $40.48 🔻8.58%
Stellar $0.6808 🔻5.38%
Bitcoin Cash $812.50 🔻0.04%
THETA $12.37 🔻3.33%
Dogecoin $0.3342 🔼315.33%
TRON $0.1443 🔻7.84%
Filecoin $161.94 🔼3.99%
💵Bloomberg USDGHS Cross Rate – 5.7808 (YTD – 🔽-1.47%)
🔼GSE DAILY GAINERS➖%CHANGE➖PRICE
FML ➡Gh¢1.12 🔼+0.90%
EGL ➡Gh¢1.46 🔼+0.69%
🔻GSE DAILY LOSERS➖%CHANGE➖PRICE
UNIL ➡Gh¢5.46 🔻-9.90%
〽Inflation rate in Ghana ➡ 10.30% (➖0.00%)
🏦Ghana Reference Rate ➡ 14.34% (🔽-2.91%)
✳Policy Rate in Ghana ➡ 14.50% (➖0.00%)
¶ 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 12.3983% Interest Rate 12.7949%
182 – Day Discount Rate 12.6769% Interest Rate 13.5348%
364 – Day Discount Rate 14.1230% Interest Rate 16.4456%
1 Year Fixed Note Interest Rate 16.5672%
2 Year Fixed Note Interest Rate 17.6000%
3 Year Bond Interest Rate 17.7000%
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%
🐂GHANA GOV’T EUROBOND RATES 🏦
7 Year Bond Coupon Rate 7.7500%
12 Year Bond Coupon Rate 8.6250%
20 Year Bond Coupon Rate 8.8750%
🛢Average Petrol & Diesel Price Per Litre – Gh¢5.45 (🔺️+4.74%)
🏧 MARKET INDEXES
*Dow Jones Index🚂⛽ 34,200.67 +164.68 +0.48%
*S&P 500 🏦 4,185.47 +15.05 +0.36%
*Nasdaq Index📲💻 14,052.34 +13.58 +0.10%
- NYSE Composite Index 16,186.29 +69.44 +0.43%
*London FTSE 7,019.53 +36.03 +0.52%
*Germany DAX 15,459.75 +204.42 +1.34%
*Japan NIKKEI 225 29,683.37 +40.68 +0.14%
*Tokyo TOPIX Index 1,960.87 +1.74 +0.09%
*Hong Kong HANG SENG 28,969.71 +176.57 +0.61%
*Shanghai Shenzhen 300 7,063.45 +4.83 +0.07%
*S&P/ASX 200 Index 4,966.18 +17.21 +0.35%
*Bloomsberg EU 500 292.93 +2.36 +0.81%
*France CAC All-Tradable 4,857.18 +38.50 +0.80%
*Dubai DFM General Index 2,636.40 +3.39 +0.13%
*MOEX Russia Index 3,598.44 +29.93 +0.84%
*FTSE/JSE South Africa Top40 62,898.13 +818.11 +1.32%
*Nairobi SE 20 Share 1,882.96 +9.50 +0.51%
*Nigeria SE Main-Board 38,808.01 +236.12 +0.61%
*BBG EMEA World Index 155.55 +1.12 +0.73%
*GSE Composite Index 2,301.78 -3.31 -0.14%
*GSE Financial Index 1,840.99 0.30 0.02%
🔼GSE 2021 GAINERS ➖ PRICE ➖ YTD%
MTNGH ➡Gh¢0.93 🔼+45.31%
SOGEGH ➡Gh¢0.75 🔼+17.19%
TOTAL ➡Gh¢3.20 🔼+13.07%
SCB ➡Gh¢18.16 🔼+11.34%
GCB ➡Gh¢4.50 🔼+11.11%
🔻GSE 2021 LOSERS ➖ PRICE ➖ YTD%
UNIL ➡Gh¢5.46 🔻-34.14%
ETI ➡Gh¢0.07 🔻-12.50%
ALW ➡Gh¢0.10 🔻-9.09%
EGH ➡Gh¢7.00 🔻-2.78%
ACCESS ➡Gh¢4.30 🔻-2.05%
GSE INDEXES ⏸ 2021 YTD RETURNS%
*GSE Composite Index 2,301.79 🔼+18.55%
*GSE Financial Index 1,840.99 🔼+3.27%
💧MUTUAL FUNDS IN GHANA♣️
📈EQUITY FUNDS ➰YTD%
Databank EPAcK 🔼+4.29%
Republic Equity Trust 🔼+3.55%
⚖BALANCED FUNDS ⏸ YTD%
Databank Bfund 🔼+5.55%
EDC Balanced 🔼+7.86%
CDH Balanced Fund 🔼+4.10%
CM Fund 🔼+4.24%
Republic Future Plan Trust 🔼+3.43%
Databank EdiFund T 2 🔼+5.51%
Dalex Vision Fund 🔼+5.45%
Fidelity Balanced Trust 🔼+7.17%
⚙FIXED INCOME FUNDS 🛡YTD%
EDC Fixed Income 🔼+4.50%
Fidelity Fixed Income Trust 🔼+5.15%
NIMED Fixed Income Tier 1 🔼+4.11%
NIMED Fixed Income Tier 2 🔼+4.66%
Databank Mfund 🔼+4.79%
MONEY MARKET FUNDS ⏱YTD%
Databank EdiFund T1 🔼+5.21%
EDC Money Market Fund 🔼+3.84%
Republic Unit Trust 🔼+4.19%
✴ COMMODITIES MARKET
*Brent Crude $/barrel⛽ $66.77 -0.17 -0.25%
*Natural Gas 🏭 $/million BTUS $2.68 +0.02 +0.83%
*Gold 👑 $/troy ounce $1,780.20 +13.40 +0.76%
*Silver 💍 $/troy ounce $26.11 +0.14 +0.54%
*Corn 🌽 $/bushel $573.75 -3.00 -0.52%
*Cocoa 🍫 $/metric ton $2,464.00 +1.00 +0.04%
*Coffee ☕ $/pound $131.20 -3.50 -2.60%
*Sugar🎂 $/pound $16.57 +0.26 +1.59%
*Lumber $/1000 board feet $1,294.70 +34.00 +2.70%
Rubber USd/kg $163.00 -0.10 -0.06%
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