CUD Wontumi

382 Posts
Ghana Stock Exchange Tops Africa, Rally Set To Continue In 2025
13 Jan

Ghana Stock Exchange Tops Africa, Rally Set To Continue In 2025

CUD WontumiBusiness
The Ghana Stock Exchange (GSE) emerged as Africa’s best-performing market in 2024, recording a 56.17 percent gain during the period as a slow debt market pointed investors in the direction of equities. The exchange’s composite index rose from 3,130.23 to 4,888.53, marking its strongest performance in 10 years – since 2013’s 78.8 percent return. The GSE’s rally is projected to continue in 2025, supported by favourable market conditions, robust corporate earnings and improving investor sentiment toward the equity market. Analysts anticipate that the Composite Index (GSE-CI), which tracks the performance of the main market, will surpass the 5,000-point mark in…
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BoG Rates Drop Slightly, Cedi Sells At GH¢15.85 At Forex Bureaus
13 Jan

BoG Rates Drop Slightly, Cedi Sells At GH¢15.85 At Forex Bureaus

CUD WontumiBusiness,
Ghana's local currency, the cedi, has experienced marginal gains against major trading currencies, especially the dollar, at some forex bureaus. The Central Bank, in its daily update, noted that the cedi is trading at a buying price of GH¢14.74 and selling at GH¢14.75. The British Pound is being bought at GH¢17.98 and sold at GH¢17.99. The Euro trades at a buying price of GH¢15.08 and a selling price of GH¢15.09. Checks by GhanaWeb Business on January 13, 2025, at 8:00 AM show that the cedi is trading at GH¢15.85 to the dollar, while the pound is trading at GH¢19.70 at some major…
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