IFC Obtains Consent for Local-Currency Bond Program Supporting Ghana’s Capital Markets

IFC, a member of the World Bank Group, has obtained consent from the Securities and Exchange Commission-Ghana and the Ghana Stock Exchange to regularly issue cedi-denominated bonds in Ghana. The consent enables IFC to issue Cedi bonds when market opportunities align with funding needs, supporting local capital markets and increasing access to local-currency finance for … Continue reading IFC Obtains Consent for Local-Currency Bond Program Supporting Ghana’s Capital Markets

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Highlights from Ayrton Drug’s Annual Report- Chairman’s Letter

The Chairman said 2012 was a tough year for the company. Top-line (Sales) grew by 14.68% but the bottom-line ( Profit after tax) fell by 13.61%. This he attributed to the depreciating cedi and astronomical increases in interest rates, among other factors.Earnings per share fell from 0.0133p in 2011 to 0.0115 in 2012 whiles dividend … Continue reading Highlights from Ayrton Drug’s Annual Report- Chairman’s Letter

Highlights from Aluworks (ALW)’s Annual Report – Chairman’s Statement

 The company reduced its net LOSS before tax from GHC 3.35 million in 2011 to GHC 2.33 million in 2012. Due to the loss, no dividend will be paid.The recent rights issue to raise additional capital was not too successful. The company could not raise the exact amount it needed to carry out the planned … Continue reading Highlights from Aluworks (ALW)’s Annual Report – Chairman’s Statement

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Mutual Monday: Comparative Yields on Mfund and 91-day T-bill

Welcome to Another Mutual Monday - When I focus on mutual funds and their investors.Below is a Databank-created Comparative Yields on Mfund and 91-day Treasury Bills from 2004 to 2012 along side comparison with the average saving rate.

Find out who is Ghana Stock Market’s biggest individual investor.

Citifm ONLINE (08/Aug./2013)- Businessman and one of two of the Ghana Stock Exchange’s largest individual investors Samuel Oduro Mintah was over this weekend conferred on with a lifetime achievement awards at the 3rd Ghana investment Awards held in Accra.Mr Mintah’s investment portfolio in the Stock market is estimated to be about three Million Ghana Cedis.He told … Continue reading Find out who is Ghana Stock Market’s biggest individual investor.