BUSINESS NEWS | GHANA AND BEYOND 🌍
02/05/2025
🚩The Government of Ghana will borrow GH¢6.32 billion from the treasury market on May 2nd 2025. This will be done through the issuance of the 91-day, 182-day, and 364-day bills. The money will be used to settle GH¢6.09 billion in maturing bills. Analysts expect modest yield compression in the coming weeks as momentum builds around the bond market reopening, supported by ongoing preparations. This will consequently reduce the government domestic interest payments.
🚩The World Bank Board of Directors has approved an additional financing for the second phase of the West Africa Food System Resilience Program (FSRP), aimed to help Ghana strengthen its capacities to address food insecurity and build resilient food systems. The $125.94 million financing –funded by a combination of International Development Association (IDA) credit, and a grant from the Food Systems 2030 Multi Door Trust Fund—will help to replenish resources diverted to support farmers affected by floods and drought and to enhance sustainable intensification of tomato production.
🚩Gold price fell nearly 2% to a two-week low on Thursday May 1, 2025, as signs of easing trade tensions boosted risk appetite and reduced bullion's safe-haven appeal, while a stronger U.S. dollar also weighed on prices. Spot gold was down almost 2% to $3,222.66 an ounce, after hitting its lowest since April 15. U.S. gold futures were down 2.7% to $3,230. The dollar index rose 0.3%, making dollar-denominated gold more expensive for buyers holding other currencies.
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INTERBANK FOREX RATES 💴💰
US$GH¢ Buy 14.1429 Sell 14.1571
GB£GH¢ Buy 18.8667 Sell 18.8870
CHFGH¢ Buy 17.2031 Sell 17.2185
AUD$GH¢ Buy 9.0409 Sell 9.0525
CAD$GH¢ Buy 10.2392 Sell 10.2491
JP¥GH¢ Buy 0.0992 Sell 0.0993
NZDGH¢ Buy 8.3843 Sell 8.3953
ZARGH¢ Buy 0.7599 Sell 0.7604
EU€GH¢ Buy 16.0567 Sell 16.0713
CHN¥GH¢ Buy 1.9454 Sell 1.9466
GH¢CFA Buy 40.8154 Sell 40.8525
GH¢NG₦ Buy 113.4693 Sell 113.4693
CRYPTOCURRENCY MARKET
Bitcoin $96,700.86 🔼1.67%
Ethereum $1,832.63 🔼1.14%
Binance Coin $598.86 🔻0.32%
Ripple $2.21 🔼0.01%
Solana $149.62 🔼2.56%
Cardano $0.7104 🔼2.63%
Dogecoin $0.1803 🔼2.96%
💵Bloomberg USDGHS Cross Rate - 14.2050 (YTD - 🔼+3.48%)
🪙BOG GOLD COIN PRICING - (YTD 🔼🔻%)
1.00 oz ➡️ GH¢ 49,110.90 🔼+22.26%
0.50 oz ➡️ GH¢ 24,952.26 🔼+21.80%
0.25 oz ➡️ GH¢12,902.12 🔼+20.86%
💰STANBIC BANK FOREX RATES💵
US$GH¢ Buy 13.8000 Sell 14.8000
ZARGH¢ Buy 0.7376 Sell 0.8000
GB£GH¢ Buy 18.4699 Sell 19.8172
EU€GH¢ Buy 15.7003 Sell 16.8542
🔼GSE DAILY GAINERS ➖ PRICE ➖ %CHANGE
SOGEGH ➡️Gh¢1.76 🔼+10.00%
MTNGH ➡️Gh¢3.02 🔼+0.67%
🔻GSE DAILY LOSERS ➖ PRICE ➖ %CHANGE
No losers
📈GSE EXCHANGE TRADED FUNDS ➖️ YTD%
NewGold ETF ➡️Gh¢450.45 🔼+15.35%
〽Inflation rate in Ghana ➡️ 22.40%
🏦Ghana Reference Rate ➡️ 23.99%
✳Policy Rate in Ghana ➡️ 28.00%
¶ TREASURY RATES💸
91 - Day Discount Rate 14.7558% Interest Rate 15.3209%
182 - Day Discount Rate 14.8474% Interest Rate 16.0380%
364 - Day Discount Rate 15.5195% Interest Rate 18.3705%
🛢Petroleum Products - Average Price
🏗Petrol - Gh¢14.7400/ltr 🔽-3.34%
🛢Diesel - Gh¢15.4200/ltr🔺️+0.13%
⛽LPG - Gh¢17.3000/ltr🔺️+3.47%
🏧MARKET INDEXES
*Dow Jones Index🚂⛽ 40,752.96 +83.60 +0.21%
*S&P 500 🏦 5,604.14 +35.08 +0.63%
*Nasdaq Index📲💻 17,710.74 +264.40 +1.52%
*NYSE Composite Index 19,049.84 -64.39 -0.34%
*London FTSE 8,496.80 +1.95 +0.02%
*Germany DAX 22,496.98 +71.15 +0.32%
*Japan NIKKEI 225 36,452.30 +406.92 +1.13%
*Tokyo TOPIX Index 2,679.44 +12.15 +0.46%
*Hong Kong HANG SENG 22,119.41 +111.30 +0.51%
*Shanghai Shenzhen 300 3,770.57 -4.51 -0.12%
*S&P/ASX 200 Index 8,145.60 +19.39 +0.24%
*S&P Europe 350 Index 2,139.13 +9.94 +0.47%
*France CAC All-Tradable 5,646.29 +32.35 +0.58%
*Dubai DFM General Index 5,272.80 -34.35 -0.65%
*FTSE/JSE South Africa 91,583.38 +272.23 +0.30%
*Nairobi SE 20 Share 2,135.51 +6.00 +0.28%
*Nigeria SE Main 105,800.88 -130.30 -0.12%
*GSE Composite Index 6,095.57 +30.47 +0.50%
*GSE Financial Index 3,112.17 +12.83 +0.41%
GSE INDEXES ⏸ YTD RETURNS%
*GSE Composite Index 6,095.57 🔼+24.69%
*GSE Financial Index 3,112.17 🔼+30.72%
🔼GSE 2025 TOP GAINERS ➖ PRICE ➖ YTD%
ETI ➡️Gh¢0.88 🔼+183.87%
CLYD ➡️Gh¢0.08 🔼+166.67%
SIC ➡️Gh¢0.70 🔼+159.26%
TOTAL ➡️Gh¢24.51 🔼+86.81%
CAL ➡️Gh¢0.65 🔼+85.71%
ACCESS ➡️Gh¢9.12 🔼+75.38%
EGL ➡️Gh¢2.66 🔼+34.34%
MTNGH ➡️Gh¢3.02 🔼+20.08%
🔻GSE 2025 TOP LOSERS ➖ PRICE ➖ YTD%
No losers
COMMODITIES MARKET
*Brent Crude USD/barrel⛽62.13 +1.07 +1.75%
*Natural Gas 🏭 USD/millon BTUS 3.43 -0.05 -1.35%
*Gold 👑 USD/troy ounce 3,246.10 +23.90 +0.74%
*Silver 💍 USD/troy ounce 32.63 +0.16 +0.50%
*Corn 🌽 USd/bushel 472.25 -3.25 -0.68%
*Cocoa 🍫 USD/metric ton 8,743.00 -144.00 -1.62%
*Coffee ☕ USd/pound 384.65 -16.10 -4.02%
*Sugar🎂 USd/pound 17.16 -0.09 -0.52%
*Rubber USd/100kg 164.80 0.00 0.00%
Sources: Bank of Ghana, Bloomberg, GSE, Reuters, Citifm, Myjoyonline, Ghanaweb, Doobia, BBC, Graphic Business, B&FT, StarFmonline, Ghana News Agency, Norvan Reports.
Compiled By:
Prince Henry Danquah
Bora Capital Advisors Ltd.
+233(0)50-002-3155
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