Ghana Financial market…at a glance

Posted: July 7, 2008 in Money, Random

Archer, am not being paid for blogging (i wish i was….who do i need to talk to?)….. Right about now I just feel the blogojuice really flowing….. and i have excess access to free internet both at office & hotel. The Key word here is FREE!

So this post is specifically for Bankelele – and yes i know, its totally unlike me (and way out of my league).

Banks, let me know how we (kenya) compare.

Stock Market (last week)

Opening GSE index: 10,342.54

Closing GSE indes: 10,345.12

Change year to date: 56.75%

GCS – cedi index

Previous (26/06) 109.90

current (27/06) 110.07

Change year to date: 5.99%

Change base year to date: 10.07%

Treasury bills rates

91 Day bill             16.32

182 day bill            17.13

1 yr note                 16.50

2 yr fixed rate note 16.50

2008 Macroeconomic targets

GDP:                        7%

EOY inflation target 7%

Interest rates

Inflation rate (May08)    16.88%

BoG Prime rate (May08)  16%

Forex (Buy/Sell)

GBP   Ghs 2.04/2.10 

USD  Ghs 1.03/1.08

EUR  Ghs 1.61/1.69

CFA Franc Ghs 2.40/2.60

Source: Business & Financial Times

How is that? Should i do more of these? Or I just go to back to X-rated material? LOL

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Comments
  1. bankelele says:

    thank you, i’m honoured

  2. bankelele says:

    More fin stuff please, less X. theer was a time when Kenya was compared with Ivory Coast and Ghana.

    Which were best/worst performing shares? where are the anglo -ashantis and michael essien ltd?

  3. Xs says:

    BTW banks, Last week performance of the GSE was not the best by its own standards this year. A year to date change of 56.87% is highly regarded when compared to the performances previous years. See below approx figures
    2005 (-)15%
    2006 1%
    2007 5%

  4. 31337 says:

    zzzzzzzzzzzzz!! slurp!!

  5. me I agree with Bankelele. yes whatever he says.

    @XS kwani there is no beer in Accra? Ebu drink uu then post.

  6. Ssembonge says:

    Wow! 16% inflation at 16% treasury rates. Must be hell for businesses in Ghana or they are operating under the table (corruption, tax evasion, etc etc)

    Banks, you should post a Kenyan comparison.

  7. archer says:

    Aish! Do a collabo with Banks…go back to maneno za pare pare! If I had free internet na laptop poa ka Apple ya 31337 au dv6704 ya Kirima…..

  8. bankelele says:

    21% growth in Angola [http://hippo-on-the-lawn.blogspot.com/2008/06/rehash-but-also-update.html] : when are you going there?

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  13. […] Cautionary tales on life insurance from Tujuane- Peer pressure: tales of GDP growth of rates of 8% in Ghana and 21% in Angola – Link to a puff piece in memory of the former finance minister-US Airways to […]

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