🚩Ghana and Côte d’Ivoire have agreed to form a joint committee to find a lasting solution to security challenges faced by cocoa farmers along with the southern parts of the shared border of the two countries. The agreement to form a joint committee was reached when Ghanaian officials hosted their Ivorian counterparts in a meeting at Half Assini in the Western South Region on 24th February 2021.The delegation from Ghana was led by the Chief Executive of the Ghana Cocoa Board (COCOBOD), Hon Joseph Boahen Aidoo and made up of officials from COCOBOD, the Western South Regional Minister, Hon. Kwabena Okyere Darko-Mensah, members of the Regional Security Council and border security agents. The Ivorian delegation was constituted by the Deputy Director-General of Le Conseil Du Café-Cacao (CCC), Dr Koffi N’goran, their National Land Forces General and other members of various security agencies and a Regional Minister for Agriculture. The joint committee will be tasked to work with all stakeholders on both sides of the border to fashion an enduring solution to the problem which has been in the area for decades.
🚩Minister-designate for Tourism, Arts and Culture, Dr. Mohammed Ibrahim Awal has announced a GH¢50 million facility to fund entrepreneurs in the tourism sector, as part of the post-covid-19 economic recovery programme. Taking his turn at the Parliament’s Appointment Committee, Dr. Awal said Ghana’s tourism sector has lost a significant amount of investments to the covid-19 pandemic, and when thus given the opportunity as a minister, he will institute measures to ensure the sector is back on track.
🚩The Bank of Ghana (BoG) has launched a regulatory and innovation sandbox pilot.
According to the Bank in a release, the launch took place on Thursday, February 25, 2021. The release indicated that the launch was in collaboration with EMTECH Service LLC. “This is in line with its commitment to evolve an enabling and inclusive regulatory environment that promotes FinTechs and supports innovation,” it added. “Within the financial sector, a regulatory and innovation sandbox is a supportive and controlled policy environment that enables firms to test innovative products, services and business models under the supervision of a regulator. Effectively, the regulatory and innovation sandbox will provide a forum for financial sector innovators to interact with the sector regulator to test digital financial service innovations while evolving enabling regulatory environment,” it noted.
🚩OPEC+ oil producers will discuss a modest easing of oil supply curbs from April given a recovery in prices. This is coming, although some suggest holding the oil production steady for now given the risk of new setbacks in the battle against the covid-19 pandemic. Three OPEC+ sources said an output increase of 500,000 barrels per day from April looked possible without building up inventories, although updated supply and demand balances that ministers will consider at their March 4, 2021 meeting will determine their decision.
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Join another Invest in Gh webinar this Saturday, February 27th 2020 at 17:00GMT to learn about “Decentralized Finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries. 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$GH¢ Buy 5.7495 Sell 5.7553
GB£GH¢ Buy 8.1379 Sell 8.1466
CHFGH¢ Buy 6.3567 Sell 6.3630
AUD$GH¢ Buy 4.5784 Sell 4.5841
CAD$GH¢ Buy 4.6013 Sell 4.6057
JP¥GH¢ Buy 0.0542 Sell 0.0542
NZDGH¢ Buy 4.2773 Sell 4.2827
ZARGH¢ Buy 0.3884 Sell 0.3888
EU€GH¢ Buy 7.0300 Sell 7.0369
CHN¥GH¢ Buy 0.8908 Sell 0.8916
GH¢CFA Buy 93.2168 Sell 93.3083
GH¢NG₦ Buy 71.3250 Sell 71.4676
CRYPTOCURRENCY MARKET
Bitcoin $45,613.43 🔻-8.93%
Ethereum $1,464.24 🔻-8.44%
Ripple $0.4296 🔻-8.16%
Cardano $1.02 🔻-1.89%
Polkadot $24.24 🔻-10.81%
Binance Coin $216.20 🔻-12.86%
Litecoin $168.35 🔻-6.01%
Chainlink $27.88 🔻-13.11%
Stellar $0.3724 🔻-8.39%
Bitcoin Cash $478.15 🔻-8.90%
Dogecoin $0.04968 🔻-11.11%
Bitcoin SV $180.86 🔻-6.47%
Monero $201.68 🔻-0.30%
EOS $3.58 🔻-7.09%
💵Bloomberg USDGHS Cross Rate – 5.7747 (YTD – 🔽-1.57%)
🔼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 12.6968% Interest Rate 13.1130%
182 – Day Discount Rate 13.0407% Interest Rate 13.9503%
364 – Day Discount Rate 14.4269% Interest Rate 16.8592%
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 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🚂⛽ 31,402.01 -559.85
-1.75%
*S&P 500 🏦 3,829.33 -96.10
-2.45%
*Nasdaq Index📲💻 13,119.43 -478.54
-3.52%
- NYSE Composite Index 15,206.50 -332.92
-2.14%
*London FTSE 100 6,651.96 -7.01
-0.11%
*Germany DAX 13,879.33 -96.67
-0.69%
*Japan NIKKEI 225 30,168.27 +496.57
+1.67%
*Tokyo TOPIX Index 1,926.23 +23.16
+1.22%
*Hong Kong HANG SENG 30,074.17 +355.93
+1.20%
*Shanghai Shenzhen 300 5,469.56 +31.99
+0.59%
*S&P/ASX 200 Index 6,834.03 +56.21
+0.83%
*Bloomsberg EU 500 273.51 -0.72
-0.26%
*France CAC All-Tradable 4,490.97 -8.48
-0.19%
*MOEX Russia Index 3,409.76 +24.28
+0.72%
*FTSE/JSE South Africa Top40 62,063.35 +1,315.94
+2.17%
*Nairobi SE 20 Share 1,896.68 +19.01
+1.01%
*Nigeria SE Main-Board 40,095.49 -125.81
-0.31%
*BBG EMEA World Index 147.61 +0.60
+0.41%
*GSE Composite Index 2,177.43 0.00
0.00%
*GSE Financial Index 1,873.31 0.00
0.00%
🔼GSE 2021 GAINERS ➖ PRICE ➖ YTD%
MTNGH ➡Gh¢0.80 🔼+25.00%
CAL ➡Gh¢0.80 🔼+15.94%
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 2,177.43 🔼+12.15%
*GSE Financial Index 1,873.31 🔼+5.08%
💧MUTUAL FUNDS IN GHANA♣️
📈EQUITY FUNDS ➰YTD%
Databank EPAcK 🔼+1.81%
SAS Fortune 🔼+4.82%
Republic Equity Trust 🔼+2.80%
⚖BALANCED FUNDS ⏸ YTD%
Databank Bfund 🔼+3.28%
EDC Balanced 🔼+5.92%
CM Fund 🔼+2.37%
CDH Balanced Fund 🔼+2.21%
Republic Future Plan Trust 🔼+2.60%
Elite Mutual Fund 🔼+1.07%
Databank EdiFund T2 🔼+2.82%
Dalex Vision Fund 🔼+3.48%
Plus Balanced Fund 🔼+2.52%
Fidelity Balanced Trust 🔼+4.33%
⚙FIXED INCOME FUNDS 🛡YTD%
EDC Fixed Income 🔼+2.27%
Fidelity Fixed Income Trust 🔼+2.45%
NIMED Fixed Income Tier 1 🔼+1.79%
NIMED Fixed Income Tier 2 🔼+2.18%
Fixed Income Alpha Plus 🔼+2.44%
Plus Income Fund 🔼+2.42%
Republic Unit Trust 🔼+2.20%
STANLIB Income 🔼+2.20%
TTL Income Haven 🔼+1.60%
Databank Mfund 🔼+2.19%
MONEY MARKET FUNDS ⏱YTD%
Databank EdiFund T1 🔼+2.19%
STANLIB Cash 🔼+1.86%
EDC Money Market Fund 🔼+2.01%
✴ COMMODITIES MARKET
*Brent Crude $/barrel⛽ $66.62 -0.42 -0.63%
*Natural Gas 🏭 $/million BTUS $2.76 -0.03 -1.11%
*Gold 👑 $/troy ounce $1,770.60 -27.30 -1.52%
*Silver 💍 $/troy ounce $27.51 -0.42 -1.50%
*Corn 🌽 $/bushel $549.00 -8.00 -1.44%
*Cocoa 🍫 $/metric ton $2,608.00 +55.00 +2.15%
*Coffee ☕ $/pound $140.05 +2.80 +2.04%
*Sugar🎂 $/pound $16.84 -0.33 -1.92%
*Lumber $/1000 board feet $885.00 -21.40 -2.36%
Rubber USd/kg $188.20 +8.40 +4.67%
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