Category: News

🚩Ghana is expected to receive a loan of US$120 million from the World Bank to help tackle the ravaging coronavirus pandemic. The facility is part of ongoing support from the World Bank Group for more than 100 countries in the fight against the disease. Appearing before Parliament ’s Appointments Committee on Wednesday, the Minister for Health-designate, Kwaku Agyeman-Manu , disclosed that government will soon receive the support. The additional financing will support the government to scale up its efforts to mitigate the resurgence of the COVID-19 pandemic and to shore up the economy. Mr. Agyeman-Manu also revealed that by March, the country will take delivery of 355,000 AstraZeneca vaccines, with plans to procure vaccines for an estimated 20m people.

🚩Women-owned SMEs in Africa are to benefit from a US$1.3 to US$2 billion loan from the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) African Guarantee Fund. This, the Bank will do, by working with financial institutions to enhance the ability to lend to women with financial institutions in Cameroon, Democratic Republic of Congo, Kenya, Rwanda, Tanzania and Uganda already signing on to the programme. According to a reports, the move signals the launch of AFAWA’s Guarantee for Growth (G4G) programme which aims to make available up to US$3 billion in financing for women entrepreneurs through de-risking and technical assistance measures.

🚩The price of fuel on the local market remained largely stable within the first pricing window, the Institute of Energy Security has said. In a statement, IES said the price of petroleum products within the first pricing-window of February 2021 saw few Oil Marketing Companies (OMCs) increasing their figures marginally close to the end of the window. The current national average price of fuel per litre at the pump is pegged at GH¢5.03. For this pricing-window, Zen Petroleum, Benab Oil, Petrosol, and Frimps Oil sold the least-priced fuel on the local market, according to IES’ market scan. It said for the window under assessment, the international benchmark, Brent crude, averaged about US$58.59 per barrel, representing a 5.09% increase from the previous window’s average price of US$55.75 per barrel mark.

🚩The European Union (EU) has provided logistical support valued at about €1.9 m to augment the Government’s efforts at creating jobs and providing social protection. At a ceremony in Accra, on Thursday, the EU presented 15 vehicles, 98 motorbikes, Information Technology equipment, and office furniture to resource institutions under the Ghana Employment Social Protection (GESP) programme. This to improve service delivery at national, regional and community levels, as part of the GESP’s support to social protection, employment and business development in the country. The GESP programme is a partnership agreement between the EU and the Government of Ghana, through the ministries of Finance; Employment and Labour Relations; and Gender and Social Protection.

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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

➖➖➖➖➖➖➖➖➖

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…

➖➖➖➖➖➖➖➖➖

✴INTERBANK FOREX RATES 💴💰
US$GH¢ Buy 5.7570 Sell 5.7628
GB£GH¢ Buy 7.9562 Sell 7.9647
CHFGH¢ Buy 6.4485 Sell 6.4549
AUD$GH¢ Buy 4.4547 Sell 4.4603
CAD$GH¢ Buy 4.5234 Sell 4.5277
JP¥GH¢ Buy 0.0548 Sell 0.0549
NZDGH¢ Buy 4.1436 Sell 4.1488
ZARGH¢ Buy 0.3939 Sell 0.3943
EU€GH¢ Buy 6.9651 Sell 6.9719
CHN¥GH¢ Buy 0.8914 Sell 0.8922
GH¢CFA Buy 94.0858 Sell 94.1777
GH¢NG₦ Buy 65.9734 Sell 67.8831

CRYPTOCURRENCY MARKET
Bitcoin $46,651.57 🔻-1.32%
Ethereum $1,718.46 🔻-0.69%
Ripple $0.5413 🔻-5.03%
Cardano $0.7814 🔻-4.75%
Polkadot $25.47 🔻-2.47%
Binance Coin $125.55 🔻-2.15%
Litecoin $195.78 🔻-6.46%
Chainlink $31.03 🔻-1.34%
Stellar $0.4691 🔻-7.64%
Bitcoin Cash $652.67 🔻-2.93%
Dogecoin $0.05292 🔻-8.31%
Bitcoin SV $265.31 🔻-2.13%
Monero $232.71 🔻-3.37%
EOS $5.15 🔻-4.88%

💵Bloomberg USDGHS Cross Rate – 5.8075 (YTD – 🔽-1.01%)

🔼GSE DAILY GAINERS➖%CHANGE➖PRICE
MTNGH ➡Gh¢0.79 🔼+5.33%
CAL ➡Gh¢0.81 🔼+1.25%

🔻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 6,589.79 +61.07 +0.94%
  *Germany DAX 14,049.89 +8.98 +0.06%
  *Japan NIKKEI 225 29,520.07 -42.86 -0.14%
  *Tokyo TOPIX Index 1,933.88 +3.06 +0.16%
  *Hong Kong HANG SENG 30,173.57 +134.85 +0.45%
  *Shanghai Shenzhen 300 5,807.72 +121.47 +2.14%
  *S&P/ASX 200 Index 6,824.00 +17.26 +0.25%
  *Bloomsberg EU 500 274.82 +1.62 +0.59%
  *France CAC All-Tradable 4,443.42 +21.51 +0.49%
  *MOEX Russia Index 3,427.08 +12.76 +0.37%
  *FTSE/JSE South Africa Top40 60,673.94 +253.49 +0.42%
  *Nairobi SE 20 Share 1,889.77 +7.09 +0.38%
  *Nigeria SE Main-Board 40,439.85 -574.45 -1.40%
  *BBG EMEA World Index 147.18 +0.66 +0.45%
  *GSE Composite Index 2,166.29 +47.56 +2.24%
  *GSE Financial Index 1,874.40 1.09 0.06%

🔼GSE 2021 GAINERS ➖ PRICE ➖ YTD%
MTNGH ➡Gh¢0.79 🔼+23.44%
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 2,166.29 🔼+11.57%
*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 🔼+1.77%
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⛽ $62.43 +1.29 +2.11%
*Natural Gas 🏭 $/million BTUS $2.91 +0.04 +1.53%
*Gold 👑 $/troy ounce $1,823.20 -3.60 -0.20%
*Silver 💍 $/troy ounce $27.33 +0.28 +1.04%
*Corn 🌽 $/bushel $536.50 -3.25 -0.60%
*Cocoa 🍫 $/metric ton $2,433.00 -4.00 -0.16%
*Coffee ☕ $/pound $123.05 0.00 0.00%
*Sugar🎂 $/pound $164.90 -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

🚩Ghana has secured $6.5 billion in revenue since it started earning from the commercial production of crude oil in April 2011. This was captured Petroleum Holding Fund and Ghana’s Petroleum Accounts at the New York Federal Reserve. The amount, according to the report was accrued from Ghana’s earnings from its share of crude exports and taxes, rental charges and other payments made by the oil exploration firms operating on the country’s oil fields.

🚩Standard Bank, parent company of Stanbic Bank Ghana is forecasting a growth rate of 3.5% for Ghana this year. This is a little below that of the International Monetary Fund, Moody’s and Fitch Solutions, which have all projected more than 4.0% Gross Domestic Product in 2021 The report also said the size of the Ghanaian economy will remain unchanged at $63 billion, approximately GH¢421 billion. According to Standard Bank, COVID-19 pandemic will undoubtedly affect economic growth meaningfully.

🚩Commissioner of Customs Division of the Ghana Revenue Authority, Col. Kwadwo Damoah has revealed that the Customs Division of the Ghana Revenue Authority was in the year 2020 able to exceed its revenue target which is the first time of achieving such a feat since 2017. Speaking on Eye on Port, Col. Kwadwo Damoah, indicated that the Finance Minister of Ghana, originally allotted GH¢13.3 billion of the overall revenue collection target of GH¢47.25 billion revenue expectation of the Ghana Revenue Authority for the Customs Division, but later revised the figures to GH¢10.9 billion due to the unprecedented crisis of the COVID-19 pandemic. He said Customs was however able to collect GH¢12.3 billion revenue in 2020, which exceeded the expected GH¢10.9 billion revised target. He said GRA as a whole also collected GH¢45 billion of the revised GH¢42.3 billion target in spite of the hardships caused by the COVID-19 .

🚩The Director-General of the Ghana Ports and Harbours Authority, Michael Luguje, has disclosed that the Management of GPHA has set the end of the 1st quarter of 2021 as the target to begin the implementation of 20% of containerized cargo bound for the Port of Tema to be handled by GPHA. “Our hope is that we initiate the discussions by a letter, expecting MPS to be forthcoming with us getting the agreement. Then by the close of March, we should be able to have the agreement,” he said. Speaking at a staff durbar which strictly complied with
COVID-19 protocols, the GPHA boss said patience and prudence had to be exercised over the rights to handle 20% of the cargo volumes because of the unique dynamics of the concession agreement.

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Join another Invest in Gh webinar on February 6, 2021 @ 17:00GMT. Mr. Ohene Aku Kwapong (Founder of Songhai Group) will speak on the topic “How to Build Wealth: Assets & Strategies”. Visit www.investingh.info to register for free.

➖➖➖➖➖➖➖➖➖

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

➖➖➖➖➖➖➖➖➖

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…

➖➖➖➖➖➖➖➖➖

✴INTERBANK FOREX RATES 💴💰
US$GH¢ Buy 5.7576 Sell 5.7634
GB£GH¢ Buy 7.8678 Sell 7.8768
CHFGH¢ Buy 6.4028 Sell 6.4096
AUD$GH¢ Buy 4.3887 Sell 4.3937
CAD$GH¢ Buy 4.5049 Sell 4.5095
JP¥GH¢ Buy 0.0548 Sell 0.0549
NZDGH¢ Buy 4.1479 Sell 4.1534
ZARGH¢ Buy 0.3851 Sell 0.3854
EU€GH¢ Buy 6.9240 Sell 6.9314
CHN¥GH¢ Buy 0.8914 Sell 0.8922
GH¢CFA Buy 94.6356 Sell 94.7367
GH¢NG₦ Buy 66.0880 Sell 66.3554

CRYPTOCURRENCY MARKET
Bitcoin $37,555.60 🔼2.53%
Ethereum $1,649.20 🔼6.10%
Ripple $0.3856 🔼0.93%
Polkadot $20.81 🔼20.10%
Bitcoin Cash $433.65 🔼1.17%
Chainlink $24.57 🔼2.51%
Bitcoin SV $181.88 🔼1.12%
Litecoin $150.48 🔼1.89%
Cardano $0.4349 🔼1.32%
Dogecoin $0.03981 🔼21.03%
Stellar $0.3333 🔼2.18%
Binance Coin $52.52 🔼3.38%
Monero $151.30 🔼2.03%
EOS $3.00 🔼1.85%

💵Bloomberg USDGHS Cross Rate – 5.8216 (YTD – 🔽-0.77%)

🔼GSE DAILY GAINERS➖%CHANGE➖PRICE
MTNGH ➡Gh¢0.70 🔼+2.94%

🔻GSE DAILY LOSERS➖%CHANGE➖PRICE
No losers for today

〽Inflation rate in Ghana ➡ 10.40% (🔺️+6.12%)

🏦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 13.5812% Interest Rate 14.0585%
182 – Day Discount Rate 13.1650% Interest Rate 14.0926%
364 – Day Discount Rate 14.5004% Interest Rate 16.9596%
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¢5.10 (🔺️+1.77%)

🏧 MARKET INDEXES
*Dow Jones Index🚂⛽ 30,723.60 +36.12 +0.12%
*S&P 500 🏦 3,830.17 +3.86 +0.10%
*Nasdaq Index📲💻 13,610.54 -2.23 -0.02%

• NYSE Composite Index 14,839.06 +70.48 +0.48%
  *London FTSE 100 6,507.82 -8.83 -0.14%
  *Germany DAX 13,933.63 +98.47 +0.71%
  *Japan NIKKEI 225 28,646.50 +284.33 +1.00%
  *Tokyo TOPIX Index 1,871.09 +24.07 +1.30%
  *Hong Kong HANG SENG 29,307.46 +58.76 +0.20%
  *Shanghai Shenzhen 300 5,485.20 -15.89 -0.29%
  *S&P/ASX 200 Index 6,824.61 +62.00 +0.92%
  *Bloomsberg EU 500 270.49 +0.97 +0.36%
  *France CAC All-Tradable 4,342.93 +1.47 +0.03%
  *MOEX Russia Index 3,343.46 -16.79 -0.50%
  *FTSE/JSE South Africa Top40 57,828.55 +243.42 +0.42%
  *Nairobi SE 20 Share 1,872.56 -1.81 -0.10%
  *Nigeria SE Main-Board 42,000.01 -43.78 -0.10%
  *BBG EMEA World Index 143.55 +0.05 +0.03%
  *GSE Composite Index 2,051.80 +23.48 +1.16%
  *GSE Financial Index 1,863.63 0.00 0.00%

🔼GSE 2021 GAINERS ➖ PRICE ➖ YTD%
SOGEGH ➡Gh¢0.72 🔼+12.50%
CAL➡Gh¢ 0.77 🔼+11.59%
SCB ➡Gh¢18.15 🔼+11.28%
RBGH ➡Gh¢0.45 🔼+9.76%
MTNGH ➡Gh¢0.70 🔼+9.38%

🔻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 2,051.80 🔼+5.68%
*GSE Financial Index 1,863.63 🔼+4.54%

💧MUTUAL FUNDS IN GHANA♣️
📈EQUITY FUNDS ➰YTD%
Databank EPAcK 🔼+1.05%
SAS Fortune 🔼+3.21%

⚖BALANCED FUNDS ⏸ YTD%
Databank Bfund 🔼+1.06%
EDC Balanced 🔼+2.92%
CM Fund 🔼+1.10%
CDH Balanced Fund 🔼+1.14%
Databank EdiFund T2 🔼+1.80%
Dalex Vision Fund 🔼+2.76%
Plus Balanced Fund 🔼+1.44%
Fidelity Balanced Trust 🔼+2.42%
UMB Balanced Fund 🔼+0.84%

⚙FIXED INCOME FUNDS 🛡YTD%
EDC Fixed Income 🔼+1.40%
Fidelity Fixed Income Trust 🔼+1.39%
NIMED Fixed Income Tier 1 🔼+0.84%
NIMED Fixed Income Tier 2 🔼+1.26%
Plus Income Fund 🔼+1.49%
STANLIB Income 🔼+1.25%
Databank Mfund 🔼+1.24%

MONEY MARKET FUNDS ⏱YTD%
Databank EdiFund T1 🔼+1.25%
STANLIB Cash 🔼+1.07%
EDC Money Market Fund 🔼+1.17%

✴ COMMODITIES MARKET
*Brent Crude $/barrel⛽ $58.55 +1.09 +1.90%
*Natural Gas 🏭 $/million BTUS $2.78 -0.07 -2.39%
*Gold 👑 $/troy ounce $1,834.70 +1.30 +0.07%
*Silver 💍 $/troy ounce $26.93 +0.53 +2.00%
*Corn 🌽 $/bushel $551.75 +8.75 +1.61%
*Cocoa 🍫 $/metric ton $2,454.00 -45.00 -1.80%
*Coffee ☕ $/pound $123.95 +0.55 +0.45%
*Sugar🎂 $/pound $16.04 -0.25 -1.53%
*Lumber $/1000 board feet $884.00 +26.60 +3.10%
Rubber USd/kg $160.80 -0.80 -0.50%

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

🚩The Bank of Ghana says the impact of COVID-19 on the banking industry’s performance was moderate as banks remained liquid, profitable and well-capitalized. According to the Bank of Ghana’s Monetary Policy Report, the banking sector performance remained strong throughout 2020, with robust growth in total assets, deposits and investments. With regard to earnings, profit before tax increased by 27.2% to GH¢6.1 billion. Though a little below that of 2019, the earnings was appreciable, based on the impact of the coronavirus pandemic. Net interest income, largely from loans and investments, contributed significantly to the profit, growing by 20.9% to GH¢11.2 billion. Net fees and commissions grew by 5.0% to GH¢2.3 billion, lower than the growth of 16.5% recorded in the prior year, reflecting the dip in growth of credits and other trade finance-related businesses. Operating income rose by 17.9% whilst operating expenses increased by 8.2%, albeit lower than the respective growth rates of 21.1% and 12.1% in 2019.

🚩The total value of mobile money transactions for last year hit a remarkable GH¢569 billion, data from the Bank of Ghana has revealed. This outstanding performance was largely due to the covid-19 pandemic which triggered upward transactions of mobile mobile in 2020. December 2020 which was the Christmas period registered the biggest transaction of GH¢67 billion. This was followed by the month of September 2020 that recorded a total value transaction of GH¢58.8 billion. In terms of mobile money interoperability, that is, the movement of cash from an account of one mobile service provider to another, total value of transactions was GH¢5.6 billion. Whilst registered mobile money accounts stood at 38.5 million people, active mobile money accounts hit 17.1 million at the end of December 2020.

🚩The positive performance of the Ghana Stock Exchange in the last quarter of 2020 has continued into the first month of 2021, with the local bourse returning to investors a gain of 4.3 % in January 2021. This is the first gain recorded in January since 2018. The years 2018 and 2019 saw the local bourse returning negative 0.5% and 12.25 % respectively. The trend continued for the first 3 quarters of 2020 with investors getting a return of negative 17.8% on listed equities from January to September. However, the last quarter of 2020 saw a reversal of fortunes as the consistent quarterly losses in the year was halted with the 4th quarter seeing the Composite Index surge by 4.58%.

🚩The tenure of the Governor of the Bank of Ghana, Dr. Ernest Addison has been renewed by President Nana Akufo-Addo for another four years. His current tenure which begun on 1 April 2017 will end at the end of March 2021. According to Citi Business News sources at the Central Bank, President Akufo-Addo has given his approval for Dr. Addison to continue serving in the same position for another four years effective April 1, 2021, pending the approval of the yet-to-be constituted Council of State. The President back in 2017, forwarded Mr. Addison’s name to the Council of State for consideration and approval as the Governor of the central bank.

🚩The Government of Ghana has chosen to extend Africa and Middle East Resource Investment (AMERI) deal which will now run until the end of April 2021. This is according to the Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye. Mr Boakye in an interview with the B&FT newspaper said the extension of the deal is to allow it pay a remaining balance of US$92 million owed to AMERI. “The amount includes a US$36million debt and US$56million in no cost extension, and it is understood that government wants to use the next three months to settle this amount in addition to conducting a technical audit to ascertain soundness of the plant.”

➖➖➖➖➖➖➖➖➖

Join another Invest in Gh webinar on February 6, 2021 @ 17:00GMT. Mr. Ohene Aku Kwapong (Founder of Songhai Group) will speak on the topic “How to Build Wealth: Assets & Strategies”. Visit www.investingh.info to register for free.

➖➖➖➖➖➖➖➖➖

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

➖➖➖➖➖➖➖➖➖

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…

➖➖➖➖➖➖➖➖➖

✴INTERBANK FOREX RATES 💴💰
US$GH¢ Buy 5.7577 Sell 5.7635
GB£GH¢ Buy 7.8483 Sell 7.8568
CHFGH¢ Buy 6.4068 Sell 6.4132
AUD$GH¢ Buy 4.3676 Sell 4.3731
CAD$GH¢ Buy 4.4820 Sell 4.4860
JP¥GH¢ Buy 0.0548 Sell 0.0548
NZDGH¢ Buy 4.1180 Sell 4.1232
ZARGH¢ Buy 0.3835 Sell 0.3837
EU€GH¢ Buy 6.9264 Sell 6.9333
CHN¥GH¢ Buy 0.8922 Sell 0.8928
GH¢CFA Buy 94.6096 Sell 94.7039
GH¢NG₦ Buy 66.8333 Sell 67.1805

CRYPTOCURRENCY MARKET
Bitcoin $36,611.48 🔼6.26%
Ethereum $1,544.13 🔼14.38%
Ripple $0.3763 🔻-3.64%
Polkadot $17.69 🔼4.68%
Bitcoin Cash $425.65 🔼4.27%
Chainlink $23.30 🔼3.19%
Bitcoin SV $180.58 🔼1.40%
Litecoin $142.70 🔼8.83%
Cardano $0.4240 🔼17.33%
Dogecoin $0.03057 🔻-16.67%
Stellar $0.3327 🔼7.41%
Binance Coin $50.24 🔼2.51%
Monero $149.71 🔼4.29%
EOS $2.98 🔼0.40%

💵Bloomberg USDGHS Cross Rate – 5.8251 (YTD – 🔽-0.71%)

🔼GSE DAILY GAINERS➖%CHANGE➖PRICE
CAL ➡Gh¢0.77 🔼+2.67%

🔻GSE DAILY LOSERS➖%CHANGE➖PRICE
No losers for today

〽Inflation rate in Ghana ➡ 10.40% (🔺️+6.12%)

🏦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 13.5812% Interest Rate 14.0585%
182 – Day Discount Rate 13.1650% Interest Rate 14.0926%
364 – Day Discount Rate 14.5004% Interest Rate 16.9596%
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¢5.10 (🔺️+1.77%)

🏧 MARKET INDEXES
*Dow Jones Index🚂⛽ 30,687.48 +475.57 +1.57%
*S&P 500 🏦 3,826.31 +52.45 +1.39%
*Nasdaq Index📲💻 13,612.78 +209.38 +1.56%

• NYSE Composite Index 14,768.57 +172.39 +1.18%
  *London FTSE 100 6,516.65 +50.23 +0.78%
  *Germany DAX 13,835.16 +213.14 +1.56%
  *Japan NIKKEI 225 28,362.17 +271.12 +0.97%
  *Tokyo TOPIX Index 1,847.02 +17.18 +0.94%
  *Hong Kong HANG SENG 29,248.70 +355.84 +1.23%
  *Shanghai Shenzhen 300 5,501.09 +83.44 +1.54%
  *S&P/ASX 200 Index 6,762.60 +99.64 +1.50%
  *Bloomsberg EU 500 269.52 +3.51 +1.32%
  *France CAC All-Tradable 4,341.46 +78.11 +1.83%
  *MOEX Russia Index 3,360.25 +69.11 +2.10%
  *FTSE/JSE South Africa Top40 57,585.13 -85.27 -0.15%
  *Nairobi SE 20 Share 1,874.37 -0.59 -0.03%
  *Nigeria SE Main-Board 42,043.79 -314.11 -0.74%
  *BBG EMEA World Index 143.50 +1.05 +0.74%
  *GSE Composite Index 2,028.32 +1.20 +0.06%
  *GSE Financial Index 1,863.63 2.18 0.12%

🔼GSE 2021 GAINERS ➖ PRICE ➖ YTD%
SOGEGH ➡Gh¢0.72 🔼+12.50%
CAL ➡Gh¢0.77 🔼+11.59%
SCB ➡Gh¢18.15 🔼+11.28%
RBGH ➡Gh¢0.45 🔼+9.76%
GCB ➡Gh¢4.40 🔼+8.64%

🔻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 2,028.32 🔼+4.47%
*GSE Financial Index 1,863.63 🔼+4.54%

💧MUTUAL FUNDS IN GHANA♣️
📈EQUITY FUNDS ➰YTD%
Databank EPAcK 🔼+1.05%
SAS Fortune 🔼+3.21%

⚖BALANCED FUNDS ⏸ YTD%
Databank Bfund 🔼+1.06%
EDC Balanced 🔼+2.91%
CM Fund 🔼+1.10%
CDH Balanced Fund 🔼+1.14%
Databank EdiFund T2 🔼+1.80%
Dalex Vision Fund 🔼+2.76%
Plus Balanced Fund 🔼+1.44%
Fidelity Balanced Trust 🔼+2.42%
UMB Balanced Fund 🔼+0.84%

⚙FIXED INCOME FUNDS 🛡YTD%
EDC Fixed Income 🔼+1.27%
Fidelity Fixed Income Trust 🔼+1.39%
NIMED Fixed Income Tier 1 🔼+0.84%
NIMED Fixed Income Tier 2 🔼+1.26%
Plus Income Fund 🔼+1.49%
STANLIB Income 🔼+1.25%
Databank Mfund 🔼+1.24%

MONEY MARKET FUNDS ⏱YTD%
Databank EdiFund T1 🔼+1.25%
STANLIB Cash 🔼+1.07%
EDC Money Market Fund 🔼+1.05%

✴ COMMODITIES MARKET
*Brent Crude $/barrel⛽ $57.81 +1.46 +2.59%
*Natural Gas 🏭 $/million BTUS $2.83 -0.02 -0.88%
*Gold 👑 $/troy ounce $1,838.10 -25.80 -1.38%
*Silver 💍 $/troy ounce $26.75 -2.67 -9.09%
*Corn 🌽 $/bushel $542.75 -6.50 -1.18%
*Cocoa 🍫 $/metric ton $2,499.00 +14.00 +0.56%
*Coffee ☕ $/pound $125.35 +2.40 +1.95%
*Sugar🎂 $/pound $16.29 +0.14 +0.87%
*Lumber $/1000 board feet $859.80 -11.00 -1.26%
Rubber USd/kg $160.20 -1.00 -0.62%

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

🚩The International Monetary Fund is forecasting an end-year Inflation rate of 8.70% for Ghana. That signals a likely ease in the cost of loans in the coming months. This is consistent with Fitch Solutions 8.5% forecast and it comes at a time when the Monetary Policy Committee of the Bank of Ghana is holding its 98th meeting to review developments in the economy. There are high expectations for a slight drop in lending rates for the next three months to help boost business and consumer spending. Inflation which is an increase in the overall prices of goods and services in an economy is an important determinant in the cost of borrowing; and therefore the Bank of Ghana views it as crucial in pricing its base lending rate. The expected lower inflation will boost the economy, hence encouraging savings, investments, and also deepen the nation’s international competitiveness. It will also facilitate the cost of doing business for companies and as a result increase their profit margins.

🚩Government total expenditure for last year rose by 31.5% to hit a record GH¢92.2 billion due to impact of Covid-19, but comes with a greater cost to the economy. According to Fitch Solutions, research arm of international ratings agency, Fitch, the huge increase in government spending as a result of the impact of covid-19 on the economy, expanded the financing gap by far.
It is expected that the fiscal deficit ended the year by a little over 13% of Gross Domestic Product. But that was as a result of covid-19 spending in which government provided stimulus package in the form of subsidies and direct supports for local households. Government revenue for last year was less than GH¢46 billion. But the rising budget deficit if not checked could crowd out private sector borrowing, distort interest rates, among others.

🚩Ghana has been ranked as one of the countries on the African continent that is heavily indebted to Asian superpower, China. China over the past few years has established itself as one of the world’s economic superpowers and as such the Asian country has become one of the biggest lenders to the world’s poorest continent, Africa. Whiles Chinese support to Africa has helped some countries on the continent pursue various forms of development, it has also riddled several nations on the continent in debt. According to Africa Facts Zone, Ghana ranks 9th as the African country holding the largest Chinese debt. It estimates that Ghana owes China about US$3.4 billion. The first ten highest Chinese debt holders from highest to least has Angola placing first with US$25 billion. This is followed by Ethiopia ($13.5 billion), Kenya (US$8 billion), Congo (US$7.3 billion), Sudan ($6.4 billion) and Zambia (US$6 billion). The remaining are Cameroon (US$5.5 billion), Nigeria ($4.8 billion), Ghana (US$3.5 billion) and DR Congo (US$3.4 billion).

🚩The Ghana Airports Company Limited (GACL) has announced the launch of commercial flights to Ho during the Easter holidays. Madam Amma Faake Gadzekpo, Head of Business Development Services of the GACL said the facility had long been ready, and that the Company had been looking for the “right opportunity and timing to make it happen.” She made the announcement at a stakeholder meeting in Ho organised by the Ghana Tourism Authority (GTA) to engage stakeholders including; players in the hospitality industry on developing sustainable packages to grow the travel and tour industry in the Region.

🚩The Lands Commission says it will move more of its services online.
According to the commission, the success of its piloted online platform for some selected services has necessitated this move. The Commission from November 9, 2020, moved away from its manual system unto an online platform for some selected services, to render a more efficient service to the general public. After more than two months since its rollout, the commission believes the good feedback from the general public makes it conducive to move other services fully online. Speaking to Citi Business News , Director of the Land Valuation Division of the commission, Surveyor Benjamin Arthur said some challenges they faced in the beginning of the rollout have been solved.

➖➖➖➖➖➖➖➖➖

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

➖➖➖➖➖➖➖➖➖

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…

➖➖➖➖➖➖➖➖➖

✴INTERBANK FOREX RATES 💴💰
US$GH¢ Buy 5.7575 Sell 5.7633
GB£GH¢ Buy 7.9005 Sell 7.9089
CHFGH¢ Buy 6.4806 Sell 6.4870
AUD$GH¢ Buy 4.4172 Sell 4.4227
CAD$GH¢ Buy 4.4961 Sell 4.5001
JP¥GH¢ Buy 0.0552 Sell 0.0552
NZDGH¢ Buy 4.1272 Sell 4.1324
ZARGH¢ Buy 0.3809 Sell 0.3813
EU€GH¢ Buy 6.9817 Sell 6.9879
CHN¥GH¢ Buy 0.8925 Sell 0.8934
GH¢CFA Buy 93.8704 Sell 93.9538
GH¢NG₦ Buy 68.3269 Sell 68.6636

CRYPTOCURRENCY MARKET
Bitcoin $33,731.75 🔼8.83%
Ethereum $1,351.17 🔼5.40%
Ripple $0.2666 🔼4.33%
Polkadot $17.06 🔼8.78%
Bitcoin Cash $412.65 🔼4.11%
Chainlink $23.38 🔼9.52%
Bitcoin SV $173.30 🔼6.24%
Litecoin $135.79 🔼8.24%
Cardano $0.3476 🔼4.33%
Stellar $0.2974 🔼22.60%
Binance Coin $42.83 🔼4.11%
Dogecoin $0.02587 🔼22.60%
Monero $136.27 🔼5.58%
EOS $2.74 🔼7.53%

💵Bloomberg USDGHS Cross Rate – 5.8229 (YTD – 🔽-0.75%)

🔼GSE DAILY GAINERS➖%CHANGE➖PRICE
CAL ➡Gh¢0.75 🔼+4.17%

🔻GSE DAILY LOSERS➖%CHANGE➖PRICE
No losers for today

〽Inflation rate in Ghana ➡ 10.40% (🔺️+6.12%)

🏦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 13.6038% Interest Rate 14.0827%
182 – Day Discount Rate 13.2000% Interest Rate 14.1328%
364 – Day Discount Rate 14.5040% Interest Rate 16.9645%
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%

🐂GHANA GOV’T EUROBOND RATES 🏦
7 Year Bond Coupon Rate 7.8750%
12 Year Bond Coupon Rate 8.1250%
31 Year Bond Coupon Rate 8.9500%

🛢Average Petrol & Diesel Price Per Litre – Gh¢5.10 (🔺️+1.77%)

GSE 2020 GAINERS ➖ PRICE ➖ YTD%
CPC ➡Gh¢0.03 🔼+50.00%
CMLT ➡Gh¢0.11 🔼+22.22%
ALW ➡Gh¢0.11 🔼+10.00%

🔻GSE 2020 LOSERS ➖ PRICE ➖ YTD%
FML ➡Gh¢1.08 🔻-73.79%
UNIL ➡Gh¢8.29 🔻-49.45%
GGBL ➡Gh¢0.90 🔻-46.75%
BOPP ➡Gh¢2.00 🔻-30.07%
RBGH ➡Gh¢0.41 🔻-26.79%

🏧 MARKET INDEXES
*Dow Jones Index🚂⛽ 30,603.36 +300.19 +0.99%
*S&P 500 🏦 3,787.38 +36.61 +0.98%
*Nasdaq Index📲💻 13,337.16 +66.56 +0.50%

• NYSE Composite Index 14,669.52 +181.79 +1.25%
  *London FTSE 100 6,526.15 -41.22 -0.63%
  *Germany DAX 13,665.93 +45.47 +0.33%
  *Japan NIKKEI 225 28,197.42 -437.79v-1.53%
  *Tokyo TOPIX Index 1,838.85 -21.22 -1.14%
  *Hong Kong HANG SENG 28,550.77 -746.76 -2.55%
  *Shanghai Shenzhen 300 5,377.14 -150.86 -2.73%
  *S&P/ASX 200 Index 6,649.69 -130.87 -1.93%
  *Bloomsberg EU 500 267.72 +0.48 +0.18%
  *France CAC All-Tradable 4,292.54 +35.83 +0.84%
  *MOEX Russia Index 3,342.01 -1.61 -0.05%
  *FTSE/JSE South Africa Top40 58,084.46 +440.02 +0.76%
  *Nairobi SE 20 Share 1,888.74 -1.00 -0.05%
  *Nigeria SE Main-Board 42,169.41 +238.68 +0.57%
  *BBG EMEA World Index 143.92 +0.54 +0.38%
  *GSE Composite Index 2,027.12 +1.79 +0.09%
  *GSE Financial Index 1,861.45 3.26 0.18%

🔼GSE 2021 GAINERS ➖ PRICE ➖ YTD%
SOGEGH ➡Gh¢0.72 🔼+12.50%
SCB ➡Gh¢18.15 🔼+11.28%
RBGH ➡Gh¢0.45 🔼+9.76%
CAL ➡Gh¢0.75 🔼+8.70%
GCB ➡Gh¢4.40 🔼+8.64%

🔻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 2,027.12 🔼+4.41%
*GSE Financial Index 1,861.45 🔼+4.41%

💧MUTUAL FUNDS IN GHANA♣️
📈EQUITY FUNDS ➰YTD%
Databank EPAcK 🔼+0.29%
SAS Fortune 🔼+1.84%

⚖BALANCED FUNDS ⏸ YTD%
Databank Bfund 🔼+1.06%
EDC Balanced 🔼+1.52%
CM Fund 🔼+0.75%
CDH Balanced Fund 🔼+0.94%
Databank EdiFund T2 🔼+0.93%
Dalex Vision Fund 🔼+2.56%
Fidelity Balanced Trust 🔼+1.04%

⚙FIXED INCOME FUNDS 🛡YTD%
EDC Fixed Income 🔼+0.97%
Fidelity Fixed Income Trust 🔼+0.90%
NIMED Fixed Income Tier 1 🔼+0.74%
NIMED Fixed Income Tier 2 🔼+0.96%
STANLIB Income 🔼+0.95%
Databank Mfund 🔼+0.86%

MONEY MARKET FUNDS ⏱YTD%
Databank EdiFund T1 🔼+0.89%
STANLIB Cash 🔼+0.81%
EDC Money Market Fund 🔼+0.77%

✴ COMMODITIES MARKET
*Brent Crude $/barrel⛽ $55.44 -0.37 -0.66%
*Natural Gas 🏭 $/million BTUS $2.66 -0.04 -1.41%
*Gold 👑 $/troy ounce $1,841.20 -7.70 -0.42%
*Silver 💍 $/troy ounce $25.92 +0.53 +2.10%
*Corn 🌽 $/bushel $534.50 +0.50 +0.09%
*Cocoa 🍫 $/metric ton $2,510.00 +6.00 +0.24%
*Coffee ☕ $/pound $124.00 -1.50 -1.20%
*Sugar🎂 $/pound $15.59 -0.21 -1.33%
*Lumber $/1000 board feet $896.00 +31.00 +3.58%
Rubber USd/kg $156.70 -0.50 -0.32%

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

🚩MTN Ghana, has received approval from the Securities and Exchange Commission (SEC) to buy back over one million shares of applicants, who failed to provide sufficient personal information to complete their Know Your Customer (KYC) requirements under the Company’s Initial Public Offer (IPO). It will be recalled that shareholders of MTN Ghana at an Extraordinary General Meeting (EGM) held on Thursday, December 3, 2020, gave the Company the approval to buy back shares of applicants with incomplete personal information at the IPO price of GH¢0.75. A statement issued in Accra by Mr Robert Kuzoe, Acting Corporate Services Executive of MTN, said with the approval, all such applicants would receive a refund of their initial purchasing money and dividends accrued since the IPO.

🚩The Bank of Ghana ‘s. Monetary Policy Committee has commenced its first meeting of the year scheduled from Tuesday, January 26, to Friday, January 29, 2021. The meeting will entail the initiation of proposals for the formulation of the monetary policies of the central bank, provision of statistical data, advice and a review of economic developments for the country. At the MPC’s last meeting in November 2020, the central bank kept its monetary policy rate unchanged at 14.5 percent for a fifth consecutive period for 2020. The decision, according to the central bank was attributed to growth indicators improving and reserve buffers remaining strong.

🚩The Ghana Revenue Authority says it is working in collaboration with the National Identification Authority (NIA) towards merging the unique ID number of the ‘Ghana Card’ to be replaced with the Tax Identification Number (TIN). According to the Commissioner of the Authority, Rev. Ammishaddai Owusu-Amoah, the measure which will take effect from April 1, 2021, is intended to allow taxpayers to use their ‘Ghana Card’ ID for tax-related purposes. Addressing journalists at a media soiree held in Accra on January 22, the GRA Commissioner explained, “this replacement of identification will enable the organisations to share important data and also help identify and rope ineligible taxpayers, especially in the informal sector.

🚩Star Assurance Group has appointed Kofi Duffuor as its new Chief Executive.
This was after it restructured the business and consolidated its holdings. These comprise its three leading insurance companies, Star Assurance Company Limited, StarLife Assurance Company Limited, and Star Microinsurance Company Limited. Star Assurance Group Limited (SAGL), a wholly Ghanaian owned private company, has positioned itself to transform Ghana’s competitive insurance sector. It was formed in September 2020 has what it takes to develop innovative products to mitigate the risk faced by individuals, businesses, among others in the Ghana.

➖➖➖➖➖➖➖➖➖

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

➖➖➖➖➖➖➖➖➖

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…

➖➖➖➖➖➖➖➖➖

✴INTERBANK FOREX RATES 💴💰
US$GH¢ Buy 5.7587 Sell 5.7645
GB£GH¢ Buy 7.9090 Sell 7.9175
CHFGH¢ Buy 6.4924 Sell 6.4988
AUD$GH¢ Buy 4.4646 Sell 4.4702
CAD$GH¢ Buy 4.5329 Sell 4.5373
JP¥GH¢ Buy 0.0556 Sell 0.0556
NZDGH¢ Buy 4.1728 Sell 4.1781
ZARGH¢ Buy 0.3820 Sell 0.3824
EU€GH¢ Buy 7.0115 Sell 7.0185
CHN¥GH¢ Buy 0.8906 Sell 0.8915
GH¢CFA Buy 93.4611 Sell 93.5544
GH¢NG₦ Buy 65.9539 Sell 66.4746

CRYPTOCURRENCY MARKET
Bitcoin $31,608.24 🔻-1.36%
Ethereum $1,291.20 🔻-3.51%
Ripple $0.2637 🔻-1.49%
Polkadot $16.16 🔻-6.22%
Bitcoin Cash $408.96 🔻-4.62%
Chainlink $22.06 🔻-4.86%
Bitcoin SV $171.50 🔻-1.51%
Litecoin $130.03 🔻-4.47%
Cardano $0.3301 🔻-3.93%
Binance Coin $41.33 🔻-0.30%
Stellar $0.2528 🔻-2.72%
Monero $132.18 🔻-3.79%
EOS $2.58 🔻-1.60%

💵Bloomberg USDGHS Cross Rate – 5.8307 (YTD – 🔽-0.62%)

🔼GSE DAILY GAINERS➖%CHANGE➖PRICE
SCB ➡Gh¢18.15 🔼+10.00%
CAL ➡Gh¢0.70 🔼+1.45%

🔻GSE DAILY LOSERS➖%CHANGE➖PRICE
No losers for today

〽Inflation rate in Ghana ➡ 10.40% (🔺️+6.12%)

🏦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 13.6038% Interest Rate 14.0827%
182 – Day Discount Rate 13.2000% Interest Rate 14.1328%
364 – Day Discount Rate 14.5040% Interest Rate 16.9645%
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%

🐂GHANA GOV’T EUROBOND RATES 🏦
7 Year Bond Coupon Rate 7.8750%
12 Year Bond Coupon Rate 8.1250%
31 Year Bond Coupon Rate 8.9500%

🛢Average Petrol & Diesel Price Per Litre – Gh¢5.10 (🔺️+1.77%)

GSE 2020 GAINERS ➖ PRICE ➖ YTD%
CPC ➡Gh¢0.03 🔼+50.00%
CMLT ➡Gh¢0.11 🔼+22.22%
ALW ➡Gh¢0.11 🔼+10.00%

🔻GSE 2020 LOSERS ➖ PRICE ➖ YTD%
FML ➡Gh¢1.08 🔻-73.79%
UNIL ➡Gh¢8.29 🔻-49.45%
GGBL ➡Gh¢0.90 🔻-46.75%
BOPP ➡Gh¢2.00 🔻-30.07%
RBGH ➡Gh¢0.41 🔻-26.79%

🏧 MARKET INDEXES
*Dow Jones Index🚂⛽ 30,937.04 -22.96 -0.07%
*S&P 500 🏦 3,849.62 -5.74 -0.15%
*Nasdaq Index📲💻 13,626.07 -9.93 -0.07%

• NYSE Composite Index 14,867.38 -67.91 -0.45%
  *London FTSE 100 6,654.01 +15.16 +0.23%
  *Germany DAX 13,870.99 +227.04 +1.66%
  *Japan NIKKEI 225 28,546.18 -276.11 -0.96%
  *Tokyo TOPIX Index 1,848.00 -14.00 -0.75%
  *Hong Kong HANG SENG 29,391.26 -767.75 -2.55%
  *Shanghai Shenzhen 300 5,512.97 -112.95 -2.01%
  *S&P/ASX 200 Index 6,820.20 -4.51 -0.07%
  *Bloomsberg EU 500 270.35 +1.69 +0.63%
  *France CAC All-Tradable 4,301.53 +39.85 +0.94%
  *MOEX Russia Index 3,390.76 -6.72 -0.20%
  *FTSE/JSE South Africa Top40 58,720.55 -687.50;-1.16%
  *Nairobi SE 20 Share 1,888.71 +6.51 +0.35%
  *Nigeria SE Main-Board 41,584.94 +495.98 +1.21%
  *BBG EMEA World Index 145.24 +0.80 +0.55%
  *GSE Composite Index 2,024.13 +21.84 +1.09%
  *GSE Financial Index 1,856.01 39.67 2.18%

🔼GSE 2021 GAINERS ➖ PRICE ➖ YTD%
SOGEGH ➡Gh¢0.72 🔼+12.50%
SCB ➡Gh¢18.15 🔼+11.28%
RBGH ➡Gh¢0.45 🔼+9.76%
GCB ➡Gh¢4.40 🔼+8.64%
MTNGH ➡Gh¢0.68 🔼+6.25%

🔻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 2,024.13 🔼+4.25%
*GSE Financial Index 1,856.01 🔼+4.11%

💧MUTUAL FUNDS IN GHANA♣️
📈EQUITY FUNDS ➰YTD%
Databank EPAcK 🔼+0.29%
SAS Fortune 🔼+1.84%

⚖BALANCED FUNDS ⏸ YTD%
Databank Bfund 🔼+1.06%
EDC Balanced 🔼+1.52%
CM Fund 🔼+0.75%
CDH Balanced Fund 🔼+0.94%
Databank EdiFund T2 🔼+0.93%
Dalex Vision Fund 🔼+2.56%
Fidelity Balanced Trust 🔼+1.04%

⚙FIXED INCOME FUNDS 🛡YTD%
EDC Fixed Income 🔼+0.97%
Fidelity Fixed Income Trust 🔼+0.90%
NIMED Fixed Income Tier 1 🔼+0.74%
NIMED Fixed Income Tier 2 🔼+0.96%
STANLIB Income 🔼+0.95%
Databank Mfund 🔼+0.86%

MONEY MARKET FUNDS ⏱YTD%
Databank EdiFund T1 🔼+0.89%
STANLIB Cash 🔼+0.81%
EDC Money Market Fund 🔼+0.77%

✴ COMMODITIES MARKET
*Brent Crude $/barrel⛽ $56.08 +0.20v+0.36%
*Natural Gas 🏭 $/million BTUS $2.66 +0.05 +2.08%
*Gold 👑 $/troy ounce $1,854.80 -4.20 -0.23%
*Silver 💍 $/troy ounce $25.54 +0.05 +0.21%
*Corn 🌽 $/bushel $532.25 +20.75 +4.06%
*Cocoa 🍫 $/metric ton $2,545.00 +37.00 +1.48%
*Coffee ☕ $/pound $124.50 +1.25 +1.01%
*Sugar🎂 $/pound $15.74 0.00 0.00%
*Lumber $/1000 board feet $855.10 +32.00 +3.89%
Rubber USd/kg $157.70 -1.70 -1.07%

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

🚩The Ghana Revenue Authority (GRA) has set a provisional tax revenue target of GH¢60 billion for 2021, representing a 32.3 percent increase over the 2020 actual collection of GH¢45.338 billion. Rev. Ammishaddai Owusu-Amoah, the Commissioner-General, who announced this at a media soiree, said although the task appeared daunting, the GRA would implement innovative measures to meet the target. Among the measures to achieve the 2021 revenue target are the Introduction of New Excise Tax Stamps with enhanced security features, which are difficult to duplicate from the 1st of January, 2021.

🚩The Government of Ghana has set a new deadline of May 2022 for the unification of the Sankofa and the Afina oilfields, the former already being operated since 2017 by ENI and the latter discovered in 2019 by Springfield, but still awaiting a Plan of Development. However, government’s insistence on the unification and the terms it is proposing, despite the protestations of the Sankofa field, appears to drawing the foreign upstream oil and gas industry, which sees it as an attempt to shortchange one of theirs to the unfair benefit of an indigenous operator.

🚩The Environmental Protection Agency (EPA) is to collaborate with Zeal Environmental Technologies to help efficiently operationalize EPA’s established Laboratory in Takoradi to serve the petroleum industry. The Executive Director of EPA, Dr. Henry Kwabena Kokofu, said this to Citi News during a working visit to Zeal Environmental Technologies, an indigenous oil and industrial waste management giant in the Western Region. Dr. Kokofu said Zeal has both the skill, knowledge and requisite machinery to deal with environmental protection issues particularly the waste management as per oil waste, water waste and other solid waste, hence the collaborations.

🚩UBA Ghana’s Long-Term Issuer Default Rating has been upgraded to ‘B’ from ‘B-‘ and Viability Rating to ‘b’ from ‘b-‘. The Outlook on the Long-Term Issuer Default Rating is also stable. According to ratings agency, Fitch, the upgrade reflects the strengthening of the bank’s capitalisation and leverage, as reflected in the increase in its tangible common equity/tangible assets ratio to 26% at the end of September 2020, from 18% at the end of 2019. That is notwithstanding heightened operating environment risks from the global pandemic.

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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$GH¢ Buy 5.7587 Sell 5.7645
GB£GH¢ Buy 7.8681 Sell 7.8766
CHFGH¢ Buy 6.4801 Sell 6.4865
AUD$GH¢ Buy 4.4400 Sell 4.4455
CAD$GH¢ Buy 4.5232 Sell 4.5273
JP¥GH¢ Buy 0.0555 Sell 0.0555
NZDGH¢ Buy 4.1418 Sell 4.1470
ZARGH¢ Buy 0.3779 Sell 0.3783
EU€GH¢ Buy 6.9809 Sell 6.9877
CHN¥GH¢ Buy 0.8890 Sell 0.8897
GH¢CFA Buy 93.8731 Sell 93.9645
GH¢NG₦ Buy 66.5909 Sell 68.3265

CRYPTOCURRENCY MARKET
Bitcoin $32,074.61 🔼4.05%
Ethereum $1,335.60 🔼6.18%
Ripple $0.2685 🔼3.34%
Polkadot $17.24 🔼7.59%
Bitcoin Cash $430.56 🔼4.69%
Chainlink $23.18 🔼8.07%
Bitcoin SV $174.65 🔼1.12%
Litecoin $136.53 🔼6.08%
Cardano $0.3442 🔼4.03%
Stellar $0.2604 🔼5.04%
Binance Coin $41.17 🔼3.04%
Monero $138.12 🔼1.20%
EOS $2.63 🔼3.95%

💵Bloomberg USDGHS Cross Rate – 5.8302 (YTD – 🔽-0.63%)

🔼GSE DAILY GAINERS➖%CHANGE➖PRICE
No gainers for today

🔻GSE DAILY LOSERS➖%CHANGE➖PRICE
No losers for today

〽Inflation rate in Ghana ➡ 10.40% (🔺️+6.12%)

🏦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 13.6038% Interest Rate 14.0827%
182 – Day Discount Rate 13.2000% Interest Rate 14.1328%
364 – Day Discount Rate 14.5040% Interest Rate 16.9645%
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%

🐂GHANA GOV’T EUROBOND RATES 🏦
7 Year Bond Coupon Rate 7.8750%
12 Year Bond Coupon Rate 8.1250%
31 Year Bond Coupon Rate 8.9500%

🛢Average Petrol & Diesel Price Per Litre – Gh¢5.10 (🔺️+1.77%)

GSE 2020 GAINERS ➖ PRICE ➖ YTD%
CPC ➡Gh¢0.03 🔼+50.00%
CMLT ➡Gh¢0.11 🔼+22.22%
ALW ➡Gh¢0.11 🔼+10.00%

🔻GSE 2020 LOSERS ➖ PRICE ➖ YTD%
FML ➡Gh¢1.08 🔻-73.79%
UNIL ➡Gh¢8.29 🔻-49.45%
GGBL ➡Gh¢0.90 🔻-46.75%
BOPP ➡Gh¢2.00 🔻-30.07%
RBGH ➡Gh¢0.41 🔻-26.79%

🏧 MARKET INDEXES
*Dow Jones Index🚂⛽ 30,960.00 -36.98 -0.12%
*S&P 500 🏦 3,855.36 +13.89 +0.36%
*Nasdaq Index📲💻 13,635.99 +92.93 +0.69%

• NYSE Composite Index 14,935.29 -16.55 -0.11%
  *London FTSE 100 6,638.85 -56.22 -0.84%
  *Germany DAX 13,643.95 -230.02 -1.66%
  *Japan NIKKEI 225 28,822.29 +190.84 +0.67%
  *Tokyo TOPIX Index 1,862.00 +5.36 +0.29%
  *Hong Kong HANG SENG 30,159.01 +711.16 +2.41%
  *Shanghai Shenzhen 300 5,625.92 +56.14 +1.01%
  *S&P/ASX 200 Index 6,824.71 +24.35 +0.36%
  *Bloomsberg EU 500 268.66 -2.53 -0.93%
  *France CAC All-Tradable 4,261.68 -74.96 -1.73%
  *FTSE/JSE South Africa Top40 59,408.05 +521.79 +0.89%
  *MOEX Russia Index 3,397.48 +14.56 +0.43%
  *Nairobi SE 20 Share 1,882.20 -5.03 -0.27%
  *Nigeria SE Main-Board 41,088.96 +86.97 +0.21%
  *BBG EMEA World Index 144.44 -1.38 -0.95%
  *GSE Composite Index 2,002.29 0.00 0.00%
  *GSE Financial Index 1,816.34 0.00 0.00%

🔼GSE 2021 GAINERS ➖ PRICE ➖ YTD%
SOGEGH ➡Gh¢0.72 🔼+12.50%
RBGH ➡Gh¢0.45 🔼+9.76%
GCB ➡Gh¢4.40 🔼+8.64%
MTNGH ➡Gh¢0.68 🔼+6.25%
SCB ➡Gh¢16.50 🔼+1.16%

🔻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 2,002.29 🔼+3.13%
*GSE Financial Index 1,816.34 🔼+1.88%

💧MUTUAL FUNDS IN GHANA♣️
📈EQUITY FUNDS ➰YTD%
Databank EPAcK 🔼+0.29%
SAS Fortune 🔼+1.84%

⚖BALANCED FUNDS ⏸ YTD%
Databank Bfund 🔼+1.06%
EDC Balanced 🔼+1.52%
CM Fund 🔼+0.75%
CDH Balanced Fund 🔼+0.94%
Databank EdiFund T2 🔼+0.93%
Dalex Vision Fund 🔼+2.56%
Fidelity Balanced Trust 🔼+1.04%

⚙FIXED INCOME FUNDS 🛡YTD%
EDC Fixed Income 🔼+0.97%
Fidelity Fixed Income Trust 🔼+0.90%
NIMED Fixed Income Tier 1 🔼+0.74%
NIMED Fixed Income Tier 2 🔼+0.96%
STANLIB Income 🔼+0.95%
Databank Mfund 🔼+0.86%

MONEY MARKET FUNDS ⏱YTD%
Databank EdiFund T1 🔼+0.89%
STANLIB Cash 🔼+0.81%
EDC Money Market Fund 🔼+0.77%

✴ COMMODITIES MARKET
*Brent Crude $/barrel⛽ $55.91 +0.50 +0.90%
*Natural Gas 🏭 $/million BTUS $2.60 +0.16 +6.38%
*Gold 👑 $/troy ounce $1,858.90 -1.00 -0.05%
*Silver 💍 $/troy ounce $25.39 -0.17 -0.65%
*Corn 🌽 $/bushel $511.50 +11.00 +2.20%
*Cocoa 🍫 $/metric ton $2,508.00 -21.00 -0.83%
*Coffee ☕ $/pound $123.25 -0.80 -0.64%
*Sugar🎂 $/pound $15.74 -0.13 -0.82%
*Lumber $/1000 board feet $826.40 +30.40 +3.82%
Rubber USd/kg $158.10 -1.40 -0.88%

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

🚩New Patriotic Party (NPP) presidential candidate, Nana Addo Dankwa Akufo-Addo has won the tightly contested 2020 election. He polled 6,730, 413 which is 51.59% of the total valid cast nationwide on December 7. His closest contender, John Mahama of the National Democratic Congress (NDC) polled 6, 214, 889 which gives him 47.36% of the total votes cast. The Electoral Commissioner, Jean Mensa who is the Returning Officer of the 2020 presidential election announced the results Wednesday. She added that there results for the Techiman South is outstanding as it is being contested. However, she noted that even if all those votes are added to the ones obtained by former President Mahama, it will not add up to the 50 plus 1 per cent he needs to win the election. This is the second defeat Mr Mahama has suffered contesting his former colleague in Parliament.

🚩The year-on-year rate of inflation slowed for the fourth consecutive month to 9.8 percent in November compared with 10.1 percent the previous month.
Professor Samuel Annim, the Government Statistician, who announced the rate, said the drop was the fourth consecutive monthly fall post-COVID-19. Month-on-month inflation was 0.3 percent, he said. The food inflation rate stood at 11.7 percent and non-food inflation was 8.3 percent. Inflation in locally produced items stood at 11.5 percent and imported items at 5.6 percent. Prof. Annim said stark variation continued to exist across regions, and source and type of items.

🚩Ghana and few Sub-Saharan African (SSA) nations with credit ratings of B with stable outlook that will be seeking to raise funds via the international capital market in 2021 will virtually have little problem as the market conditions have improved since the easing of the coronavirus pandemic. According to assessment by ratings agency Fitch and JP Morgan Emerging Market Bond Index (EMBI), Cote d’Ivoire’s (B+/Positive) issuance of a 12-year euro 1 billion Eurobond on 25 November, 2020 confirms that some SSA issuers are able to resume market issuance to meet part of their financing needs over the next year. Cote d’Ivoire’s bond was priced at a record-low yield of 5.0% and was still five times oversubscribed. The report pointed out that sovereign nations including Ghana will follow Cote d’Ivoire in issuing Eurobonds in 2021, as market conditions have eased sharply.

🚩The Bank of Ghana (BoG) has established a new merchant payment system that will introduce a tiered account structure to ensure that small and medium enterprises (SMEs) are able to access merchant accounts tailored to their needs. According to the central bank, the tiered account structure will ensure that different customer types are able to sign on to electronic money accounts suitable to their needs, thereby promoting inclusive access to digital payments. This, the BoG said, is to ensure that SMEs that do not meet the stipulated merchant requirements under the Payment Systems and Services Act 2019 (Act 987) get the opportunity to access merchant accounts that will enable them to accept payments by debit or credit cards.

🚩Two hundred and twenty seven residents (227) secured employment with Gold Fields Ghana Limited (GFGL), Damang Mines from January this year till date. The beneficiaries were drawn from the Mine’s host communities which include; Aboso, Amoanda, Bompieso, Atta ne Atta, Huni-Valley, Koduakrom, Mile Ten, Nyamebekyere, Kyekyewere, Twenda, Subri, Damang, Kwabenaho and Enimilkrom. Mr Abdel-Razak Yakubu, Regional Manager-Sustainable Development Projects, made this known at the Mines Community Consultative Committee meeting at Damang. He observed that employment in their host communities was one of the pressing challenges facing the company.

➖➖➖➖➖➖➖➖➖

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

➖➖➖➖➖➖➖➖➖

✴INTERBANK FOREX RATES 💴💰
US$GH¢ Buy 5.7113 Sell 5.7171
GB£GH¢ Buy 7.6652 Sell 7.6734
CHFGH¢ Buy 6.4230 Sell 6.4288
AUD$GH¢ Buy 4.2611 Sell 4.2664
CAD$GH¢ Buy 4.4692 Sell 4.4733
JP¥GH¢ Buy 0.0548 Sell 0.0548
NZDGH¢ Buy 4.0288 Sell 4.0339
ZARGH¢ Buy 0.3828 Sell 0.3832
EU€GH¢ Buy 6.9056 Sell 6.9124
CHN¥GH¢ Buy 0.8726 Sell 0.8735
GH¢CFA Buy 94.8957 Sell 94.9891
GH¢NG₦ Buy 68.9510 Sell 69.1260

CRYPTOCURRENCY MARKET
Bitcoin $18,577.48 🔼1.08%
Ethereum $576.87 🔼1.46%
Ripple $0.595669 🔼0.17%
Polkadot $4.91 🔼2.92%
Bitcoin Cash $284.79 🔼10.51%
Chainlink $12.74 🔼3.72%
Bitcoin SV $170.17 🔼2.14%
Litecoin $77.68 🔼0.24%
Cardano $0.172088 🔼1.62%
Binance Coin $28.35 🔼1.62%
EOS $2.82 🔼0.02%

💵Bloomberg USDGHS Cross Rate – 5.8614 (YTD – ⬆️+2.64%)

🔼GSE DAILY GAINERS➖%CHANGE➖PRICE
No gainers for today

🔻GSE DAILY LOSERS➖%CHANGE➖PRICE
No losers for today

〽Inflation rate in Ghana ➡ 9.80% (🔽-2.78%)

🏦Ghana Reference Rate ➡ 14.76% (🔽-0.21%)

✳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 13.5937% Interest Rate 14.0719%
182 – Day Discount Rate 13.1945% Interest Rate 14.1265%
364 – Day Discount Rate 14.5058% Interest Rate 16.9670%
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 19.5000%
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 7.8750%
12 Year Bond Coupon Rate 8.1250%
31 Year Bond Coupon Rate 8.9500%

🛢Average Petrol & Diesel Price Per Litre – Gh¢4.77 (🔻-4.30%)

GSE 2020 GAINERS ➖ PRICE ➖ YTD%
CPC ➡Gh¢0.03 🔼+50.00%
CMLT ➡Gh¢0.11 🔼+22.22%
ALW ➡Gh¢0.11 🔼+10.00%

🔻GSE 2020 LOSERS ➖ PRICE ➖ YTD%
FML ➡Gh¢1.08 🔻-73.79%
GGBL ➡Gh¢0.90 🔻-46.75%
UNIL ➡Gh¢9.21 🔻-43.84%
EGH ➡Gh¢5.50 🔻-32.01%
BOPP ➡Gh¢2.00 🔻-30.07%

🏧 MARKET INDEXES
*Dow Jones Index🚂⛽ 30,068.81 -105.07 -0.35%
*S&P 500 🏦 3,672.48 -29.77 -0.80%
*Nasdaq Index📲💻 12,338.95 -243.82 -1.94%

• NYSE Composite Index 14,372.79 -29.38 -0.20%
  *London FTSE 100 6,564.29 +5.47 +0.08%
  *Germany DAX 13,340.26 +61.77 +0.47%
  *Japan NIKKEI 225 26,817.94 +350.86 +1.33%
  *Hong Kong HANG SENG 26,502.84 +198.28 +0.75%
  *Shanghai Shenzhen 300 4,942.70 -67.18 -1.34%
  *S&P/ASX 200 Index 6,728.47 +40.74 +0.61%
  *Bloomsberg EU 500 262.99 +0.83 +0.32%
  *MOEX Russia Index 3,211.66 +32.05 +1.01%
  *FTSE/JSE South Africa Top40 54,349.61 +87.10 +0.16%
  *Nairobi SE 20 Share 1,774.88 -5.42 -0.30%
  *Nigeria SE Main-Board Index 35,021.26 -12.48 -0.04%
  *GSE Composite Index 1,848.29 0.00 0.00%
  *GSE Financial Index 1,650.79 0.00 0.00%

GSE INDEXES ⏸ 2020 YTD RETURNS%
*GSE Composite Index 1,848.29 🔻-18.11%
*GSE Financial Index 1,650.79 🔻-18.26%

💧MUTUAL FUNDS IN GHANA♣️
📈EQUITY FUNDS ➰YTD%
Anidaso Fund 🔻-4.67%
EPAcK 🔻-11.74%
NTHC Horizon Fund🔻+3.19%
Republic Equity 🔻-0.07%
SAS Fortune 🔻-3.33%

⚖BALANCED FUNDS ⏸YTD%
Bfund 🔼+2.89%
CCMF 🔼+14.73%
CM Fund 🔼+13.44%
Dalex Vision 🔼+11.10%
EDC Balanced 🔻-2.96%
EdiFund T2 🔼+8.87%
UMB Balanced Fund 🔼+12.32%
Fidelity Balanced Trust 🔼+9.46%
Plus Balanced Fund 🔼+13.02%

⚙FIXED INCOME FUNDS 🛡YTD%
EDC Fixed Income 🔼+14.94%
Fixed Income Alpha Plus Fund 🔼+20.49%
Fidelity Fixed Income Trust 🔼+17.10%
Plus Income Fund 🔼+15.38%
STANLIB Income 🔼+16.73%
Mfund 🔼+16.58%

MONEY MARKET FUNDS ⏱YTD%
EdiFund T1 🔼+14.19%
NGIS Mfund 🔼+13.90%
STANLIB Cash 🔼+15.67%
Republic Unit Trust 🔼+9.73%

✴ COMMODITIES MARKET
*Brent Crude $/barrel⛽ $48.95 +0.11 +0.23%
*Natural Gas 🏭 $/million BTUS $2.43 +0.03 +1.42%
*Gold 👑 $/troy ounce $1,842.30 -32.60 -1.74%
*Silver 💍 $/troy ounce $24.03 -0.71 -2.85%
*Corn 🌽 $/bushel $423.50 +3.75 +0.89%
*Cocoa 🍫 $/metric ton $2,549.00 -26.00 -1.01%
*Coffee ☕ $/pound $117.05 -2.20 -1.84%
*Sugar🎂 $/pound $14.97 +0.58 +4.03%
Rubber USd/kg $156.40 -1.30 -0.82%

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

🚩African leaders have approved that trading should start on 1 January next year as scheduled on the African Continental Free Trade Area (AfCFTA) agreement and requested African financial institutions to provide technical and financial support for its implementation. The leaders re-affirmed their resolve to deepen continental integration through the AfCFTA and commended the contribution of the African Ministers of Trade for the preparations toward the launch of trading on 1 January 2021.

🚩The Amalgamated Mutual Fund PLC (The AM Fund) has commenced cash payments under the partial bailout scheme to clients of the Fund Management Companies (FMCs) for which the Official Liquidator is yet to obtain Liquidation Orders from the courts. This follows the announcement by the Securities and Exchange Commission (SEC) on November 18, 2020, that the government has authorised a partial bailout involving payments of up to GH¢50,000 each, to customers of FMCs whose licenses have been revoked but whose liquidation processes in the courts have not been concluded. A statement issued by the company stated that affected clients are required to follow a simple 3-step process to access cash under the partial bailout scheme.

🚩The Ministry of Finance says government has saved the energy sector over US$5 billion by relocating the Karpowership power plants and securing agreements with CENIT Power Limited and Cenpower Generation Company Limited under its ongoing renegotiation of power purchase agreements (PPAs). The ministry said it has also paid in excess of US$1 billion to independent power producers (IPPs) this year alone. This is in addition to the GH¢2.7 billion paid by the Electricity Company of Ghana (ECG) to the IPPs.

🚩The oilfield service (OFS) market is projected to lose a cumulative US$340 billion in purchase value over the next eight years, a Rystad Energy analysis shows, as peak oil demand will arrive earlier and at a lower level than previously thought, leading to reduced E&P investments. The COVID-19 pandemic’s effect and the accelerating energy transition last month impelled Rystad Energy to revise its peak oil demand forecast. We now see it coming in 2028, two years earlier than previously expected, at 102 million barrels per day, down from earlier projections of 106 million barrels per day. OFS purchases are expected to drop to US$473 billion this year from US$625 billion in 2019 and remain flat in 2021 before starting a slow recovery.

🚩The initial challenges of the Integrated Customs Management System (ICUMS) has been reduced by about 70 percent eight months into the introduction of the system. Mr Emmanuel Ohene, an Assistant Commissioner of Customs in charge of the Accra Sector Command, said the initial delay that users of the system faced when processing bill of entries for example was a thing of the past. Mr Ohene, who is also the Chairman of the Implementation Team of the Integrated Customs Management System (ICUMS), said it took about two hours to process a pre-manifest declaration once an importer through his or her agent submits documents in ICUMS that were not subject to any queries.

➖➖➖➖➖➖➖➖➖

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

➖➖➖➖➖➖➖➖➖

✴INTERBANK FOREX RATES 💴💰
US$GH¢ Buy 5.7113 Sell 5.7171
GB£GH¢ Buy 7.6047 Sell 7.6134
CHFGH¢ Buy 6.4191 Sell 6.4259
AUD$GH¢ Buy 4.2289 Sell 4.2346
CAD$GH¢ Buy 4.4605 Sell 4.4648
JP¥GH¢ Buy 0.0548 Sell 0.0549
NZDGH¢ Buy 4.0191 Sell 4.0244
ZARGH¢ Buy 0.3804 Sell 0.3808
EU€GH¢ Buy 6.9146 Sell 6.9219
CHN¥GH¢ Buy 0.8746 Sell 0.8755
GH¢CFA Buy 94.4598 Sell 94.5537
GH¢NG₦ Buy 68.5573 Sell 68.8320

CRYPTOCURRENCY MARKET
Bitcoin $18,807.54 🔻-1.56%
Ethereum $572.30 🔻-2.67%
Ripple $0.583681 🔻-3.39%
Polkadot $4.80 🔻-5.19%
Bitcoin Cash $273.42 🔻-3.44%
Chainlink $12.48 🔻-4.17%
Bitcoin SV $173.52 🔻-2.90%
Litecoin $78.90 🔻-4.99%
Cardano $0.144064 🔻-6.07%
Binance Coin $28.33 🔻-5.19%
Stellar $0.156339 🔻-7.17%
EOS $2.82 🔻-2.93%

💵Bloomberg USDGHS Cross Rate – 5.8551 (YTD – ⬆️+2.53%)

🔼GSE DAILY GAINERS➖%CHANGE➖PRICE
TOTAL ➡Gh¢2.58 🔼+9.79%
EGH ➡Gh¢5.50 🔼+8.91%
MTNGH ➡Gh¢0.62 🔼+1.64%

🔻GSE DAILY LOSERS➖%CHANGE➖PRICE
No losers for today

〽Inflation rate in Ghana ➡ 10.10% (🔽-2.88%)

🏦Ghana Reference Rate ➡ 14.76% (🔽-0.21%)

✳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 13.5937% Interest Rate 14.0719%
182 – Day Discount Rate 13.1945% Interest Rate 14.1265%
364 – Day Discount Rate 14.5058% Interest Rate 16.9670%
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 19.5000%
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 7.8750%
12 Year Bond Coupon Rate 8.1250%
31 Year Bond Coupon Rate 8.9500%

🛢Average Petrol & Diesel Price Per Litre – Gh¢4.77 (🔻-4.30%)

GSE 2020 GAINERS ➖ PRICE ➖ YTD%
CPC ➡Gh¢0.03 🔼+50.00%
CMLT ➡Gh¢0.11 🔼+22.22%
ALW ➡Gh¢0.11 🔼+10.00%

🔻GSE 2020 LOSERS ➖ PRICE ➖ YTD%
FML ➡Gh¢1.08 🔻-73.79%
GGBL ➡Gh¢0.90 🔻-46.75%
UNIL ➡Gh¢9.21 🔻-43.84%
EGH ➡Gh¢5.50 🔻-32.01%
BOPP ➡Gh¢2.00 🔻-30.07%

🏧 MARKET INDEXES
*Dow Jones Index🚂⛽ 30,173.88 +104.09 +0.35%
*S&P 500 🏦 3,702.25 +10.29 +0.28%
*Nasdaq Index📲💻 12,582.77 +62.83 +0.50%

• NYSE Composite Index 14,402.17 +47.20 +0.33%
  *London FTSE 100 6,558.82 +3.43 +0.05%
  *Germany DAX 13,278.49 +7.49 +0.06%
  *Japan NIKKEI 225 26,467.08 -80.36 -0.30%
  *Hong Kong HANG SENG 26,304.56 -202.29 -0.76%
  *Shanghai Shenzhen 300 5,009.88 -12.35 -0.25%
  *S&P/ASX 200 Index 6,687.73 +12.71 +0.19%
  *Bloomsberg EU 500 262.16 +0.22 +0.08%
  *MOEX Russia Index 3,179.61 -15.47 -0.48%
  *FTSE/JSE South Africa Top40 54,262.51 -384.41 -0.70%
  *Nairobi SE 20 Share 1,780.30 -2.48 -0.14%
  *Nigeria SE Main-Board Index 35,033.74 -30.62 -0.09%
  *GSE Composite Index 1,848.29 28.07 1.54%
  *GSE Financial Index 1,650.79 25.19 1.55%

GSE INDEXES ⏸ 2020 YTD RETURNS%
*GSE Composite Index 1,848.29 🔻-18.11%
*GSE Financial Index 1,650.79 🔻-18.26%

💧MUTUAL FUNDS IN GHANA♣️
📈EQUITY FUNDS ➰YTD%
Anidaso Fund 🔻-4.67%
EPAcK 🔻-11.74%
NTHC Horizon Fund🔻+3.19%
Republic Equity 🔻-0.07%
SAS Fortune 🔻-3.33%

⚖BALANCED FUNDS ⏸YTD%
Bfund 🔼+2.89%
CCMF 🔼+14.73%
CM Fund 🔼+13.44%
Dalex Vision 🔼+11.10%
EDC Balanced 🔻-2.96%
EdiFund T2 🔼+8.87%
UMB Balanced Fund 🔼+12.32%
Fidelity Balanced Trust 🔼+9.46%
Plus Balanced Fund 🔼+13.02%

⚙FIXED INCOME FUNDS 🛡YTD%
EDC Fixed Income 🔼+14.94%
Fixed Income Alpha Plus Fund 🔼+20.49%
Fidelity Fixed Income Trust 🔼+17.10%
Plus Income Fund 🔼+15.38%
STANLIB Income 🔼+16.73%
Mfund 🔼+16.58%

MONEY MARKET FUNDS ⏱YTD%
EdiFund T1 🔼+14.19%
NGIS Mfund 🔼+13.90%
STANLIB Cash 🔼+15.67%
Republic Unit Trust 🔼+9.73%

✴ COMMODITIES MARKET
*Brent Crude $/barrel⛽ $48.78 -0.01 -0.02%
*Natural Gas 🏭 $/million BTUS $2.45 +0.04 +1.66%
*Gold 👑 $/troy ounce $1,875.20 +9.20 +0.49%
*Silver 💍 $/troy ounce $24.71 -0.08 -0.34%
*Corn 🌽 $/bushel $420.25 -3.75 -0.88%
*Cocoa 🍫 $/metric ton $2,575.00 -61.00 -2.31%
*Coffee ☕ $/pound $119.25 +0.15 +0.13%
*Sugar🎂 $/pound $14.39 -0.06 -0.42%
Rubber USd/kg $157.70 -3.30 -2.05%

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

🚩IES has projected the rise in the price of fuel on the domestic market in December. According to the Institute, the sharp increase is as a result of the 11.5% increase in prices of International Benchmark- Brent crude, the 6.94% increase in prices of Gasoline, the 7.26% increase in Gasoline prices and the stability of the local currency. Also, the Institute said another reason for the increase is attributable to the renewed hopes of a COVID-19 vaccine following other announcements by major vaccine producers within the period.

🚩The Aviation Ministry says it has completed negotiations with stakeholders in the sector towards reviving Ghana’s national Airline. It’s been a decade since the collapse of the country’s only airline, Ghana International Airline in 2010, after countless allegations of the mismanagement, incompetence and corruption. Since then, governments have proposed a revival of the airline with the aim of building it to withstand industry shocks. Speaking at the inauguration of the Aviation Security Service Providers Association at the Ghana Civil Aviation Training Academy, the sector Minister, Joseph Kofi Adda, said in line with government’s plan of making Ghana the aviation hub within the sub-region, government is committed to achieving this goal in the coming months.

🚩The Deputy Executive Director of the Environmental Protection Agency, Ebenezer Appah-Sampong, is hopeful that the government will soon adopt the use of e-mobility transport systems in the country. According to him, this will help protect the environment since there will be less vehicular emissions produced by the use of fuel. He was speaking to Citi Business News on the back of the launch of the first electric vehicle in Ghana; the Hyundai KONA subcompact medium SUV electric vehicle.

🚩About 350,000 existing customers of the Electricity Company of Ghana (ECG) will benefit from the Pokuase Bulk Supply Point (BSP) upon completion in May next year. The project, which is 87 per cent complete, would hold 580 MVA and redistribute to the area and ensure steady power. Residents of Kwabenya, Ofankor, Legon, Nsawam, and Anyah will heave a sigh of relief upon completion since there would be sufficient power supply to boost their business operations and domestic purposes. The US$50 million project is being funded by the United States Government through its Agency, the Millennium Challenge Corporation (MCC).

🚩Last week global commodity markets were shaken to their very foundations by the collaborative actions of Ghana and Cote d’Ivoire in pursuance of their price setting agenda for cocoa beans. The two countries backed up their earlier threat to withdraw from Hershey’s cocoa l sustainability scheme in response to that company’s efforts to evade paying a living income differential (LID) or premium, introduced last year of US$400 per tonne on all 2020/21 cocoa sales the proceeds of which are being used to raise the income of cocoa farmers in the form of a 28 percent increase on the amount each country’s government pays cocoa farmers per tonne of the commodity purchased at the farm gate. Both countries cancelled all their cocoa sustainability schemes with the United States headquartered Hershey.

🚩Tullow Oil is planning to boost production in Ghana in the coming years as part of its new strategy to improve the company’s fortunes. In a statement issued last week, the company said it will launch a multi-well drilling programme in the second quarter of 2021 under the first phase of its investment agenda. The programme is expected to boost production and lower operational costs.

➖➖➖➖➖➖➖➖➖

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

➖➖➖➖➖➖➖➖➖

✴INTERBANK FOREX RATES 💴💰
US$GH¢ Buy 5.7113 Sell 5.7171
GB£GH¢ Buy 7.7040 Sell 7.7123
CHFGH¢ Buy 6.4136 Sell 6.4200
AUD$GH¢ Buy 4.2418 Sell 4.2472
CAD$GH¢ Buy 4.4581 Sell 4.4621
JP¥GH¢ Buy 0.0549 Sell 0.0549
NZDGH¢ Buy 4.0230 Sell 4.0281
ZARGH¢ Buy 0.3754 Sell 0.3758
EU€GH¢ Buy 6.9374 Sell 6.9443
CHN¥GH¢ Buy 0.8742 Sell 0.8750
GH¢CFA Buy 94.4598 Sell 94.5537
GH¢NG₦ Buy 68.5573 Sell 68.8320

CRYPTOCURRENCY MARKET
Bitcoin $19,107.10 🔼3.45%
Ethereum $589.42 🔼1.46%
Ripple $0.608575 🔼31.51%
Polkadot $5.06 🔼0.99%
Bitcoin Cash $284.79 🔼10.51%
Chainlink $13.10 🔼5.50%
Bitcoin SV $284.79 🔼8.24%
Litecoin $83.25 🔼3.62%
Cardano $0.167602 🔼12.72%
Binance Coin $29.37 🔼8.39%
EOS $2.95 🔼10.29%

💵Bloomberg USDGHS Cross Rate – 5.8586 (YTD – ⬆️+2.59%)

🔼GSE DAILY GAINERS➖%CHANGE➖PRICE
No gainers for today

🔻GSE DAILY LOSERS➖%CHANGE➖PRICE
No losers for today

〽Inflation rate in Ghana ➡ 10.10% (🔽-2.88%)

🏦Ghana Reference Rate ➡ 14.77% (🔺️+0.67%)

✳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 13.5937% Interest Rate 14.0719%
182 – Day Discount Rate 13.1945% Interest Rate 14.1265%
364 – Day Discount Rate 14.5058% Interest Rate 16.9670%
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 19.5000%
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 7.8750%
12 Year Bond Coupon Rate 8.1250%
31 Year Bond Coupon Rate 8.9500%

🛢Average Petrol & Diesel Price Per Litre – Gh¢4.69 (🔽+1.67%)

GSE 2020 GAINERS ➖ PRICE ➖ YTD%
CPC ➡Gh¢0.03 🔼+50.00
CMLT ➡Gh¢0.11 🔼+22.22
ALW ➡Gh¢0.11 🔼+10.00

🔻GSE 2020 LOSERS ➖ PRICE ➖ YTD%
FML ➡Gh¢1.08 🔻-73.79
GGBL ➡Gh¢0.90 🔻-46.75
UNIL ➡Gh¢9.21 🔻-43.84
EGH ➡Gh¢5.05 -37.58
BOPP ➡Gh¢2.00 🔻-30.07

🏧 MARKET INDEXES
*Dow Jones Index🚂⛽ 30,069.79 -148.47 -0.49%
*S&P 500 🏦 3,691.96 -7.16 -0.19%
*Nasdaq Index📲💻 12,519.95 +55.71 +0.45%

• NYSE Composite Index 14,354.96 -62.37 -0.43%
  *London FTSE 100 6,490.27 +26.88 +0.42%
  *Germany DAX 13,271.00 -27.96 -0.21%
  *Japan NIKKEI 225 26,547.44 -203.80
  -0.76%
  *Hong Kong HANG SENG 26,506.85 -329.07 -1.23%
  *Shanghai Shenzhen 300 5,022.23 -43.69 -0.86%
  *S&P/ASX 200 Index 6,663.90 -11.12 -0.17%
  *Bloomsberg EU 500 261.94 -0.84 -0.32%
  *MOEX Russia Index 3,195.08 +10.36 +0.33%
  *FTSE/JSE South Africa Top40 54,646.92 +146.88 +0.27%
  *Nairobi SE 20 Share 1,782.78 -3.64 -0.20%
  *Nigeria SE Main-Board Index 35,064.36 -73.63 -0.21%
  *GSE Composite Index 1,820.22 0.00 0.00%
  *GSE Financial Index 1,625.60 0.00 0.00%

GSE INDEXES ⏸ 2020 YTD RETURNS%
*GSE Composite Index 1,820.22 🔻-19.36%
*GSE Financial Index 1,625.60 🔻-19.51%

💧MUTUAL FUNDS IN GHANA♣️
📈EQUITY FUNDS ➰YTD%
Anidaso Fund 🔻-4.67%
EPAcK 🔻-11.74%
NTHC Horizon Fund🔻+3.19%
Republic Equity 🔻-0.07%
SAS Fortune 🔻-3.33%

⚖BALANCED FUNDS ⏸YTD%
Bfund 🔼+2.89%
CCMF 🔼+14.73%
CM Fund 🔼+13.44%
Dalex Vision 🔼+11.10%
EDC Balanced 🔻-2.96%
EdiFund T2 🔼+8.87%
UMB Balanced Fund 🔼+12.32%
Fidelity Balanced Trust 🔼+9.46%
Plus Balanced Fund 🔼+13.02%

⚙FIXED INCOME FUNDS 🛡YTD%
EDC Fixed Income 🔼+14.94%
Fixed Income Alpha Plus Fund 🔼+20.49%
Fidelity Fixed Income Trust 🔼+17.10%
Plus Income Fund 🔼+15.38%
STANLIB Income 🔼+16.73%
Mfund 🔼+16.58%

MONEY MARKET FUNDS ⏱YTD%
EdiFund T1 🔼+14.19%
NGIS Mfund 🔼+13.90%
STANLIB Cash 🔼+15.67%
Republic Unit Trust 🔼+9.73%

✴ COMMODITIES MARKET
*Brent Crude $/barrel⛽ $48.79 -0.46
-0.93%
*Natural Gas 🏭 $/million BTUS $2.45 +0.04 +1.83%
*Gold 👑 $/troy ounce $1,866.40 +0.40 +0.02%
*Silver 💍 $/troy ounce $24.66 -0.13 -0.54%
*Corn 🌽 $/bushel $424.00 +3.50 +0.83%
*Cocoa 🍫 $/metric ton $2,636.00 -18.00 -0.68%
*Coffee ☕ $/pound $119.10 +1.55 +1.32%
*Sugar🎂 $/pound $14.45 +0.01 +0.07%
Rubber USd/kg $161.00 -0.80 -0.49%

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

🚩Ghana and Ivory Coast, the world’s leading producers of cocoa have threatened to cancel all cocoa sustainability schemes that U.S.-based Hershey runs in these countries. Both countries according to Reuters have accused the chocolate maker of trying to avoid paying the cocoa premium known as the Living Income Differential (LID) which is aimed at combating farmer poverty. Reuters reported that, in a letter addressed to Hershey, the Ivorian and Ghanaian cocoa regulators accused the company, of sourcing unusually large volumes of physical cocoa on the ICE futures exchange in order to avoid paying the Living Income Differential (LID).

🚩President Nana Addo Dankwa Akufo-Addo, on Tuesday, 1st December 2020, launched a pension scheme for the country’s 1.5 million cocoa farmers. According to President Akufo-Addo, “the Pension Scheme will enable cocoa farmers to make voluntary contributions towards their retirement, whilst COCOBOD makes a supplementary contribution on behalf of the farmers as well.” This, he explained, “guarantees a decent retirement income for cocoa farmers for life, and ensures that they can maintain decent livelihoods after retirement.” Launching the pension scheme at the Jubilee Park in Kumasi, as part of his 3-day tour of the Ashanti Region, President Akufo-Addo said millions of cocoa farmers across the country who are responsible for the production of a crop, that has, for over a century, been the mainstay of the economy of the country.

🚩The National Board for Small Scale Industries (NBSSI) has begun disbursement of stimulus packages to traders whose shops were destroyed by fire at the Odawna Market. This followed the completion of the registration of the victims of the Odawna fire outbreak on Wednesday, November 25, 2020. As at the close of work on Tuesday, December 1, 2020, 625 fire victims had received support from NBSSI with 1.83 million cedis disbursed. In all, the NBSSI will take care of 1,000 out of the 2,000 registered traders while MASLOC supports the rest.
The NBSSI’s registration exercise began on Saturday, November 21 and involved the collection of the details of the affected traders, including the capital they would need to restart their businesses.

🚩The Chairman of the Implementation Team of the Integrated Customs Management System (ICUMS), Emmanuel Ohene has disclosed that the government exceeded its revenue target in August and November 2020 from Ghana’s ports. This, he attributed to the introduction of the Integrated Customs Management System (ICUMS) at the ports. “Tema collection in November has exceeded its target. In August, ICUMS was responsible for Revenue target being exceeded,” he said. Speaking on Eye on Port, Emmanuel Ohene who doubles as the Assistant Commissioner of Customs in charge of the Accra Sector Command stated that “this is worth noting considering the negative impact of the coronavirus on the global shipping business.” According to him, an amount of GH¢1.2 billion was realized monthly since the introduction of ICUMS.

🚩Ghana in its quest to improve the living standards of its citizens, has intensified stakeholders’ engagements on the Protocols and Conventions of the Economic Community of West African States (ECOWAS). The aim is to help Ghanaians fully understand and position themselves well to take advantage of the opportunities presented by the protocols and conventions. Among the ECOWAS protocols and conventions are the promotion of economic cooperation, integration, and fostering of relationships among member states to contribute to the progress and development of the sub-region.

➖➖➖➖➖➖➖➖➖

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

➖➖➖➖➖➖➖➖➖

✴INTERBANK FOREX RATES 💴💰
US$GH¢ Buy 5.7115 Sell 5.7173
GB£GH¢ Buy 7.6101 Sell 7.6182
CHFGH¢ Buy 6.3816 Sell 6.3874
AUD$GH¢ Buy 4.2091 Sell 4.2144
CAD$GH¢ Buy 4.4173 Sell 4.4215
JP¥GH¢ Buy 0.0547 Sell 0.0547
NZDGH¢ Buy 4.0242 Sell 4.0262
ZARGH¢ Buy 0.3723 Sell 0.3726
EU€GH¢ Buy 6.9057 Sell 6.9125
CHN¥GH¢ Buy 0.8700 Sell 0.8708
GH¢CFA Buy 95.3495 Sell 95.4425
GH¢NG₦ Buy 68.4971 Sell 68.5146

CRYPTOCURRENCY MARKET
Bitcoin $19,205.29 🔼1.32%
Ethereum $$597.95 🔼1.05%
Ripple $0.630159 🔼1.36%
Polkadot $5.46 🔼6.20%
Bitcoin Cash $294.43 🔼1.94%
Chainlink $13.99 🔼3.38%
Bitcoin SV $208.52 🔼8.24%
Litecoin $73.61 🔼3.62%
Cardano $0.158584 🔼1.46%
Binance Coin $30.26 🔼0.19%
EOS $3.62 🔼10.29%

💵Bloomberg USDGHS Cross Rate – 5.8599 (YTD – ⬆️+2.61%)

🔼GSE DAILY GAINERS➖%CHANGE➖PRICE
EGH ➡Gh¢5.05 🔼+1.00

🔻GSE DAILY LOSERS➖%CHANGE➖PRICE
No losers for today

〽Inflation rate in Ghana ➡ 10.10% (🔽-2.88%)

🏦Ghana Reference Rate ➡ 14.76% (🔽-0.21%)

✳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 13.5965% Interest Rate 14.0749%
182 – Day Discount Rate 13.2038% Interest Rate 14.1371%
364 – Day Discount Rate 14.5058% Interest Rate 16.9670%
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 19.5000%
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 7.8750%
12 Year Bond Coupon Rate 8.1250%
31 Year Bond Coupon Rate 8.9500%

🛢Average Petrol & Diesel Price Per Litre – Gh¢4.77 (🔻-4.30%)

GSE 2020 GAINERS ➖ PRICE ➖ YTD%
CPC ➡Gh¢0.03 🔼+50.00
CMLT ➡Gh¢0.11 🔼+22.22
ALW ➡Gh¢0.11 🔼+10.00

🔻GSE 2020 LOSERS ➖ PRICE ➖ YTD%
FML ➡Gh¢1.08 🔻-73.79
GGBL ➡Gh¢0.90 🔻-46.75
UNIL ➡Gh¢9.21 🔻-43.84
EGH ➡Gh¢5.05 -37.58
BOPP ➡Gh¢2.00 🔻-30.07

🏧 MARKET INDEXES
*Dow Jones Index🚂⛽ 29,883.79 +59.87 +0.20%
*S&P 500 🏦 3,669.01 +6.56 +0.18%
*Nasdaq Index📲💻 12,349.37 -5.74 -0.05%

• NYSE Composite Index 14,188.24 +41.60 +0.29%
  *London FTSE 100 6,463.39 +78.66 +1.23%
  *Germany DAX 13,313.24 -69.06 -0.52%
  *Japan NIKKEI 225 26,800.98 +13.44 +0.05%
  *Hong Kong HANG SENG 26,532.58 -35.10 -0.13%
  *Shanghai Shenzhen 300 5,067.14 +0.04 +0.00%
  *S&P/ASX 200 Index 6,615.70 +25.50 +0.39%
  *Bloomsberg EU 500 261.10 -0.30 -0.11%
  *MOEX Russia Index 3,189.61 +41.82 +1.33%
  *FTSE/JSE South Africa Top40 53,482.74 +718.65 +1.36%
  *Nairobi SE 20 Share 1,760.98 +8.81 +0.50%
  *Nigeria SE Main-Board Index 35,056.82 -90.80 -0.26%
  *GSE Composite Index 1,820.22 1.54 0.08%
  *GSE Financial Index 1,625.60 2.79 0.17%

GSE INDEXES ⏸ 2020 YTD RETURNS%
*GSE Composite Index 1,820.22 🔻-19.36%
*GSE Financial Index 1,625.60 🔻-19.51%

💧MUTUAL FUNDS IN GHANA♣️
📈EQUITY FUNDS ➰YTD%
Anidaso Fund 🔻-4.81%
EPAcK 🔻-12.12%
Republic Equity 🔻-0.53%
SAS Fortune 🔻-3.47%

⚖BALANCED FUNDS ⏸YTD%
Bfund 🔼+2.63%
CCMF 🔼+14.55%
CM Fund 🔼+13.14%
Dalex Vision 🔼+10.86%
EDC Balanced 🔻-2.99%
EdiFund T2 🔼+8.57%
UMB Balanced Fund 🔼+11.79%
Fidelity Balanced Trust 🔼+9.17%
Plus Balanced Fund 🔼+12.59%

⚙FIXED INCOME FUNDS 🛡YTD%
EDC Fixed Income 🔼+14.63%
Fixed Income Alpha Plus Fund 🔼+19.46%
Fidelity Fixed Income Trust 🔼+16.72%
Plus Income Fund 🔼+15.38%
STANLIB Income 🔼+16.37%
Mfund 🔼+16.21%

MONEY MARKET FUNDS ⏱YTD%
EdiFund T1 🔼+14.15%
NGIS Mfund 🔼+13.52%
STANLIB Cash 🔼+15.36%
EDC Money Market Fund 🔼+11.97%
Republic Unit Trust 🔼+9.08%

✴ COMMODITIES MARKET
*Brent Crude $/barrel⛽ $48.25 +0.83 +1.75%
*Natural Gas 🏭 $/million BTUS $2.76 -0.02 -0.58%
*Gold 👑 $/troy ounce $1,833.20 +3.00 +0.16%
*Silver 💍 $/troy ounce $24.19 +0.11 +0.46%
*Corn 🌽 $/bushel $423.75 +3.00 +0.71%
*Cocoa 🍫 $/metric ton $2,638.00 -53.00 -1.97%
*Coffee ☕ $/pound $119.10 +0.65 +0.55%
*Sugar🎂 $/pound $14.60 +0.09 +0.62%
Rubber USd/kg $168.50 +3.10 +1.87%

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