Details of Ghana’s New Ratings by Fitch

A statement issued by Fitch Ratings reveals Ghana’s new rating of B+ with an outlook signifying stability. Four Local Currency government bonds with maturities in 2014 and 2017 have long term rating as B+. The statement stressed that Ghana’s ability to maintain its rating at a ceiling of B+ attested for Good governance and demonstrated its capacity to repay … Continue reading Details of Ghana’s New Ratings by Fitch

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Trouble hits the Ghana Stock Exchange as major indexes record second successive loss

The stock market ended the last trading session of the week in red as major indices went down again. The GSE-Composite Index recorded back-to-back losses following negative changes in CAL and TOTAL. The index dropped 0.51 points to close the week at 1,039.94 points, bring the year-to-date return to 7.32%. The financial stock benchmark dropped … Continue reading Trouble hits the Ghana Stock Exchange as major indexes record second successive loss

Week in Focus: How stocks performed on the Ghana Stock Exchange (GSE)

New week, new gains, new losses, the GSE did not show any clear direction. On Monday the Ghana Stock Exchange gained some ground as gains in CAL Bank and Mechanical Lloyd Company (MLC) offset losses in two other equities. The GSE-Composite Index closed at 1,036.48 points, from 1,035.97 points and the GSE-Financial Stock Index closed … Continue reading Week in Focus: How stocks performed on the Ghana Stock Exchange (GSE)

Mechanical Lloyd Company dominates trading for the 2nd successive session on the Ghana Stock Exchange

New Week, New Year high on the Ghana Stock Exchange as performance benchmarks on the local bourse gained some ground. CAL Bank and Mechanical Lloyd Company (MLC) offset losses in two other equities. The GSE-Composite Index closed the session at 1,036.48 points, from 1,035.97 points in the previous session. The GSE-Financial Stock Index closed at 872.44 … Continue reading Mechanical Lloyd Company dominates trading for the 2nd successive session on the Ghana Stock Exchange

AngloGold Ashanti Depository shares and Fan Milk closed at year-highs as Gold Fund ETF increased on GSE.

CBL - The stock market returned 0.29% today, as gains in three equities pushed the GSE-Composite Index up 2.93 points, to close at 1,028.83 points. The year-to-date return went beyond the 6% mark at 6.17%. The financial stock index also gained some ground; up 0.43 points to close at 861.80 points.The trade value increased by … Continue reading AngloGold Ashanti Depository shares and Fan Milk closed at year-highs as Gold Fund ETF increased on GSE.