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