GSE Archives - Wontumi Online

08 May

Ghana Stock Exchange Reaches Record GH¢80Billion Market Capitalization

wontumionlineBusinessGSE

In April 2024, the market capitalization of the Ghana Stock Exchange (GSE) surged to an unprecedented GH¢80.20 billion, marking a significant milestone. This remarkable increase was driven by substantial gains in the share prices of various companies, underscoring the positive market sentiment and bolstered investor confidence. As outlined in the GSE’s April 2024 Summary of Market Activities, the GSE Composite Index experienced a notable surge of 6.68 percent during the month, contributing to a year-to-date gain of 17.7 percent. Additionally, the Financial Stock Index saw a gain of 2.14 percent. Among the standout performers in April 2024 were GCB with…

05 Jul

We Are Reducing Concentration Risk; Commercial Paper Market To Be Launched In 2023 – GSE MD

wontumionlineBusinessAbena Amoah, Commercial Paper Market, GSE

The Ghana Stock Exchange (GSE) has indicated it is working hard to reduce concentration risk on the capital market, a move that will reduce losses as a result of an economic shock. According to its Managing Director, Abena Amoah, this is being done with the introduction of additional products on the market such as a commercial paper market, which is awaiting approval from the Securities and Exchange Commission. Addressing market participants at a GSE Facts Behind Figures Programme, Ms. Amoah said her outfit is committed to growing a sustainable capital market. “The other product I want to talk about as…

25 Apr

GSE, PAPSS Partnership Will Propel Market Expansion – Analysts

wontumionlineBusinessGhana Stock Exchange, GSE, Pan African Payments and Settlement System, PAPSS

The Ghana Stock Exchange (GSE) – through its membership with the African Securities Exchanges Association (ASEA) – has signed a memorandum of understanding (MoU) with the Pan African Payments and Settlement System (PAPSS) to collaborate on ways to enhance the payment process for cross-border securities transactions in Africa. The MoU signing, which took place during ASEA’s 73rd Executive Committee Meeting on April 14, 2023 – alongside the 11th Building Africa Financial Markets (BAFM) seminar hosted by the Zimbabwe Stock Exchange (ZSE) – is anticipated to yield numerous advantages, including capital markets integration across the continent. PAPSS is a financial market…

15 Mar

MIIF, GSE, Mincom On Course To Deepen Local Ownership Of Minerals

wontumionlineBusinessEdward Nana Yaw Koranteng, GSE, MIIF, Mincom

The Minerals Income and Investment Fund (MIIF) has reaffirmed its commitment to increasing local participation and ownership in the minerals sector, in collaboration with the Ghana Stock Exchange (GSE) and the Minerals Commission (Mincom). MIIF’s quarterly outlook in March 2023 highlights that mining companies will be required to list a percentage of their shares on the local bourse as a pre-requisite to obtaining a mining license and consideration for MIIF investment. The new regulation requires holders of a mineral right to list at least 20 percent of their equity on the Ghana Stock Exchange (GSE) within five years of the…

14 Mar

GSE, Bog To Establish Formalisation Committee For Foreign Exchange Market

wontumionlineBusinessBoG, GSE

A 5-member delegation, led by the Managing Director of the Ghana Stock Exchange(GSE), Ms. Abena Amoah, paid a courtesy call on Governor Ernest Addison and Management of Bank of Ghana. In her remarks, the Managing Director(MD) of the GSE, Ms. Abena Amoah expressed delight about the warm reception accorded her by the Governor and his team and congratulated the Governor for his leadership, which has positively impacted the financial sector. Ms. Amoah indicated that in equities trading, the Ghana Composite Index recorded a decrease of about 13% as at the end of last year, compared with the previous year. She…

07 Mar

Bond Market Declines 52.50% In Market Turnover In February 2023

wontumionlineBusinessBond market, February 2023, GSE, GSE Composite Index

The bond market declined by about 52.50% year-on-year in market turnover in the month of February 2023. According to the Ghana Stock Exchange’s Summary of February 2023 Market Activities, the month closed with a total volume trade of 9.17 billion. This however represented a decline of 9.48% compared to the total volume traded in January 2023. Meanwhile, the stock market performed better in February 2023, compared to January 2023. According to the GSE, the GSE Composite Index did well in February 2023 to recover some of the losses recorded earlier in the year. Both the Composite and Financial Stock indices…

02 Feb

GSE Grants ESLA, Daakye, 3 Others Extension To Submit 2022 Unaudited Financial Statements

wontumionlineBusinessBOPP, Clydestone, Daakye, ESLA, GSE, Intravenous Infusions Plc

The Ghana Stock Exchange (GSE) has extended the submission of the 2022 unaudited financial statements of five listed companies. They are Benso Oil Plantation Plc, E.S.L.A Plc, Daakye Trust Plc, Clydestone Ghana and Intravenous Infusions Plc. Benso Oil Plantation Plc which is one of the best performing stocks on the GSE has up till February 15, 2023 to submit its 2022 unaudited financial statement, while ESLA Plc and Daakye Trust Plc have February 17, 2023 to do so. Intravenous Infusions Plc is expected to submit its 2022 unaudited financial statement on February 8, 2023 and Clydestone (Ghana) Limited has been…

20 Jan

GSE Grants Listed Banks Extension For Filing 2022 Audited Financial Statements

wontumionlineBusinessGhana Association of Banks, GSE, Listed banks

The Ghana Stock Exchange has approved a request by the Ghana Association of Banks on behalf of the listed Banks for the filing of 2022 audited Financial Statements to be extended by one month to April 30, 2023. This will enable the eight banks work effectively with their external auditors to achieve the audit objectives. The banks are Access Bank Ghana, ADB, CalBank, Ecobank Ghana, GCB Bank, Royal Bank Ghana, Standard Chartered Bank Ghana and Societe Generale. The Ghana Association of Bankers has indicated that their discussions on the Government of Ghana Debt Exchange programme currently ongoing, has affected the…