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Business News |
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| | 30/06/2009 | | AFRICA MARKET FOCUS | | Ghana: The Databank Stock Index edged up by 2 bps (2.01 points) to close at 8,363.53 points. ...more | | | | |
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Knowledge Bank |
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| | 22/06/2009 | | Africa: Real Return on Debt Papers Improve | | Real returns on government securities improved across most African countries, amidst currency risk exposures that still make some fixed income markets unattractive to foreign investors. The downturn in inflation across most African countries after the price level shocks in 2008 has facilitated inflation rate declines in line with central bank targets, and an improvement in real interest rates....more | | | | 20/06/2009 | | Ghana: Inflation Dips To 20.06% On Slower Food Price Increases | | Average consumer price for Ghana declined by 50 basis points to 20.06% in May, 2009- the first decline since October, 2008. The decline was mainly on the back of slower growth in food prices during the period....more | | | | 14/05/2009 | | Ghana: Prime Rate Unchanged On Mixed Inflation Signal & Lower Growth Outlook | | Commercial banks had started to mark up their base rates prior to the announcement of the prime rate by the central bank. Indications are that interbank credit is tightening, which could exert upward pressures on bank lending rates. Clearly, there is uncertainty about how transaction interest rates will decline in line with the outlook for inflation....more | | | | 29/04/2009 | | Africa: Inflation to further dip on global recession and food price declines in Q2’09 | Inflation for Africa, based on 12 selected countries, declined marginally from 13.4% to 13.1% on account of lower import prices and improvement in domestic staple prices. Inflation across Africa began to improve since Q4’08, and we expect the downturn to continue into Q2’09. Weak fiscal policy and stressed trade accounts continue to push Ghana and Kenya’s inflation upwards in the midst of the downturn across most countries. ...more | | | | 21/04/2009 | | Ghana: Radical Policies Needed, As ‘Business As Usual’ Will Not Sustain Growth In 2009 | The macroeconomic stability that characterized the Ghanaian economy between 2004 and 2006 was weakened in 2008 with the economy exhibiting signs of fiscal stress, higher inflation and interest rates, as well as, widening trade deficit by the end of 2008. ...more | | | | |
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Specials |
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Databank has won the first ever MOST RESPECTED COMPANY IN GHANA Award for 2007. Ken Ofori- Atta, Executive Chairman of Databank Financial Services was also adjudged the 2nd MOST RESPECTED CEO in Ghana read
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Market Data |
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| Epack Investment Fund | | | Item | - | | Last Price (¢) | 0.7650 | | Gain/Loss (¢) | 0.0084 | | Dec. 1996 to Date (%) | 7,868.75 | | 2009 Gain (%) | -8.8000 | | Thursday, July 02nd, 2009 |
| | | | Money Market Fund | | | Bid Price | Offer Price | Annual Yield% | | 0.2186 | 0.2208 | 25.95% | | Thursday, July 02nd, 2009 |
| | | | BFund | | | Bid Price | Offer Price | YTD% | | 0.1089 | 0.1100 | -7.79 | | Thursday, July 02nd, 2009 |
| | | | Major Trading Currencies | | | Currency | Cedi (¢) | YTD Depreciation | | EUR | 2.0407 | -16.19% | | POUND | 2.3849 | -25.43% | | USD | 1.4576 | -16.75% | | Friday, July 03rd, 2009 |
| | | | Key Economic Indicators | | | Indicators | Current Rate | Previous Rate | | Inflation | 20.06 | 20.56 | | Prime Rate | 18.50 | 18.50 | | M2+ Growth (Y/Y) | 36.30 | 38.80 | | Real GDP Growth | 5.70 | 7.30 | | Months of Import Cover | 1.50 | 1.80 | | 91 - Day Bill | 25.84 | 25.82 | | Tuesday, June 23rd, 2009 |
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