BUSINESS NEWS | GHANA AND BEYOND 🌍 15/04/2021

 

🚩The national year-on-year inflation rate was 10.3% in March 2021, which is the same as the 10.3% recorded in February 2021, the Ghana Statistical Service has announced. Month-on-month inflation between February and March 2021 was 0.9% (slightly higher than last month). 'Housing, Water, Electricity, Gas’ (29.0% up from 23.4% last month) and ‘Food and Non-Alcoholic Beverages (10.8% down from 12.3% last month) recorded the highest rates of inflation.

🚩The government of Ghana has secured 3.4 million doses of the Sputnik V COVID-19 vaccine as part of its efforts to protect the lives of the citizens against the pandemic. A press release from the health ministry said, the supply of the vaccine is part of an arrangement between the government and the Private Office of His Royal Highness Sheikh Ahmed Dalmook Al Maktoum, a member of the Royal Family of the United Arab Emirates. It added, the agreement was signed on March 9, 2021, to help the people of Ghana bring to a halt, the distress caused by the COVID – 19 pandemic. The Sputnik V COVID-19 vaccine has been approved in more than 50 countries and is the world’s first registered Human Adenovirus Vector-based vaccine.

🚩The Ministry of Energy will set up a technical team to work with oil and gas company Aker Energy to revive its offshore Pecan field development, after a final investment decision was postponed in the wake of the COVID-19 crisis. According to the Parliamentary Select Committee on Mines and Energy’s report on the 2021 budget estimates of the Ministry of Energy, the technical team will work with Aker Energy on a new plan of development for the field, given that many of the assumptions underpinning the existing plan of development have been altered by the impact of the pandemic.

🚩Ghana government’s cost of interest on short term domestic borrowings have recorded a marginal drop. Though government could not meet it's expected like borrowing target, it will record some savings in interest payments. Currently, interest cost on the 91-day and 182-day T-Bills has fallen slightly. This development is welcoming news for the government because of the savings to be used to finance some important projects. According to Bank of Ghana, government accepted all the bids worth GH¢1.17 billion but investors were more interested in the short-term end of the market, buying as much as GH¢850 million of the 3 months T-bill.

➖➖➖➖➖➖➖➖➖

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 5.7285 Sell 5.7343

GB£GH¢ Buy 7.9042 Sell 7.9127

CHFGH¢ Buy 6.2096 Sell 6.2158

AUD$GH¢ Buy 4.4280 Sell 4.4335

CAD$GH¢ Buy 4.5747 Sell 4.5791

JP¥GH¢ Buy 0.0526 Sell 0.0526

NZDGH¢ Buy 4.0944 Sell 4.0996

ZARGH¢ Buy 0.3982 Sell 0.3985

EU€GH¢ Buy 6.8601 Sell 6.8669

CHN¥GH¢ Buy 0.8777 Sell 0.8783

GH¢CFA Buy 95.5245 Sell 95.6192

GH¢NG₦ Buy 71.2339 Sell 71.4555

    

CRYPTOCURRENCY MARKET      

Bitcoin $63,310.87 🔻0.55%

Ethereum $2,467.54 🔼5.26%

Binance Coin $550.87 🔻3.13%

Ripple $1.75 🔻3.92%

Cardano $1.45 🔻0.83%

Polkadot $43.16 🔻1.77%

Uniswap $38.07 🔼5.08%

Litecoin $276.61 🔻1.31%

Chainlink $40.56 🔻8.58%

Stellar $0.6808 🔻5.38%

Bitcoin Cash $812.50 🔻0.04%

THETA $12.08 🔻5.33%

Dogecoin $0.1413 🔼5.33%

TRON $0.1413 🔻7.84%

Filecoin $172.33 🔼3.99%

💵Bloomberg USDGHS Cross Rate - *5.7746* (YTD - 🔽-1.57%)

🔼GSE DAILY GAINERS➖%CHANGE➖PRICE 

TOTAL ➡Gh¢3.20 🔼+1.59%

FML ➡Gh¢1.10 🔼+0.92%

🔻GSE DAILY LOSERS➖%CHANGE➖PRICE

No losers for today

〽Inflation rate in Ghana  ➡  10.30% (➖0.00%)

🏦Ghana Reference Rate ➡ 14.34% (🔽-2.91%)

✳Policy Rate in Ghana ➡ 14.50% (➖0.00%)

¶ 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 12.4123% Interest Rate 12.8098%

182 - Day Discount Rate 12.7399% Interest Rate 13.6066%

364 - Day Discount Rate 14.1230% Interest Rate 16.4456%

1 Year Fixed Note Interest Rate 16.5672%

2 Year Fixed Note Interest Rate 17.6000%

3 Year Bond Interest Rate 17.7000%

5 Year Bond Interest Rate 18.3000%

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 7.7500%

12 Year Bond Coupon Rate 8.6250%

20 Year Bond Coupon Rate 8.8750%

🛢Average Petrol & Diesel Price Per Litre - Gh¢5.45 (🔺️+4.74%)

🏧 MARKET INDEXES 

*Dow Jones Index🚂⛽ 33,730.89 +53.62 +0.16%

*S&P 500 🏦 4,124.66 -16.93 -0.41%

*Nasdaq Index📲💻  13,857.84 -138.26 -0.99%

* NYSE Composite Index 16,000.15 +37.81 +0.24%

*London FTSE 6,939.58 +49.09 +0.71%

*Germany DAX 15,209.15 -25.21 -0.17%

*Japan NIKKEI 225 29,620.99 -130.62 -0.44%

*Tokyo TOPIX Index 1,952.18 -6.37 -0.33%

*Hong Kong HANG SENG  28,900.83 +403.58 +1.42%

*Shanghai Shenzhen 300 6,939.58 +49.09 +0.71%

*S&P/ASX 200 Index 4,980.63 +40.99 +0.83%

*Bloomsberg EU 500 289.28 +0.68 +0.24%

*France CAC All-Tradable 4,801.90 +15.29 +0.32%

*Dubai DFM General Index 2,569.93 +3.97 +0.15%

*MOEX Russia Index 3,576.89 +50.59 +1.43%

*FTSE/JSE South Africa Top40 62,084.39 +701.40 +1.14%

*Nairobi SE 20 Share 1,867.15 +5.71 +0.31%

*Nigeria SE Main-Board 38,636.15 +34.32 +0.09%

*BBG EMEA World Index 153.82 +0.89 +0.58%

*GSE Composite Index 2,301.63 +0.28 +0.01%

*GSE Financial Index 1,835.25 0.00 0.00%

🔼GSE 2021 GAINERS ➖ PRICE ➖ YTD%

MTNGH ➡Gh¢0.93 🔼+45.31%

SOGEGH ➡Gh¢0.75 🔼+17.19%

TOTAL ➡Gh¢3.20 🔼+13.07%

SCB ➡Gh¢18.16 🔼+11.34%

GCB ➡Gh¢4.50 🔼+11.11%

🔻GSE 2021 LOSERS ➖ PRICE ➖ YTD%

UNIL ➡Gh¢6.06 🔻-26.90%

ETI ➡Gh¢0.07 🔻-12.50%

ALW ➡Gh¢0.10 🔻-9.09%

CAL ➡Gh¢0.64 🔻-7.25%

EGH ➡Gh¢7.00 🔻-2.78%

GSE INDEXES ⏸ 2021 YTD RETURNS% 

*GSE Composite Index 2,301.63 🔼+18.54%

*GSE Financial Index 1,835.25 🔼+2.94%

💧MUTUAL FUNDS IN GHANA♣

📈EQUITY FUNDS ➰YTD%

Databank EPAcK 🔼+4.05%

Republic Equity Trust 🔼+3.40%

⚖BALANCED FUNDS ⏸ YTD%

Databank Bfund 🔼+5.42%

EDC Balanced 🔼+7.46%

CDH Balanced Fund 🔼+3.81%

CM Fund 🔼+4.24%

Republic Future Plan Trust 🔼+3.25%

Databank EdiFund T 2 🔼+5.29%

Dalex Vision Fund 🔼+5.21%

Fidelity Balanced Trust 🔼+6.84%

⚙FIXED INCOME FUNDS 🛡YTD%

EDC Fixed Income 🔼+4.37%

Fidelity Fixed Income Trust 🔼+4.82%

NIMED Fixed Income Tier 1 🔼+3.59%

NIMED Fixed Income Tier 2 🔼+4.01%

Databank Mfund 🔼+4.65%

MONEY MARKET FUNDS ⏱YTD%

Databank EdiFund T1 🔼+5.05%

EDC Money Market Fund 🔼+3.84%

Republic Unit Trust 🔼+4.08%

✴ COMMODITIES MARKET 

*Brent Crude $/barrel⛽ $66.28 +2.61 +4.10%

*Natural Gas 🏭 $/million BTUS $2.62 0.00 -0.04%

*Gold 👑 $/troy ounce $1,736.30 -11.30 -0.65%

*Silver 💍 $/troy ounce $25.52 +0.10 +0.39%

*Corn 🌽 $/bushel $579.50 +13.00 +2.29%

*Cocoa 🍫 $/metric ton $2,459.00 +18.00 +0.74%

*Coffee ☕ $/pound  $134.05 +2.10 +1.59%

*Sugar🎂 $/pound $15.88 +0.38 +2.45%

*Lumber $/1000 board feet $1,212.70 +32.00 +2.71%

Rubber  USd/kg $161.20 +2.00 +1.26%

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

❗PLEASE SHARE