November 23, 2014, 12:00 am


Energy sector gets major boost
Abu Dhabi National Energy Co. (TAQA), a state-owned oil explorer and power supplier said on Monday that it has secured a US$355million project financing and government approval to expand the Takoradi II expansion project, which holds a strong economic rationale and will be able to deliver base-load power at a highly competitive tariff and help the power system in the country diversify from hydro and oil dependency, and support the country’s growth and sustainable development.
 
 
 
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  Jan-16:   African Development Bank unveils new corporate logo
 
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  Jan-08:   Vodafone Business Solutions signs on new companies
  Jan-08:   Fisheries to promote co-management concept
 
  Jan-07:   Genetically modified foods to affect exports
 
  Jan-02:   Golden Star gold mine resettles households
  Jan-02:   SSNIT increases minimum monthly pension by 100%
  Jan-02:   Ghana Q3-2013 Gold Output Falls 18% as Metal’s Price Drops
 
  Dec-30:   Agona Rural Bank supports women
  Dec-30:   Rural banks performance reflect economic growth-Woyongo
  Dec-30:   Private sector, more local content for state housing projects
 
  Dec-23:   Minister Inuagurates National Pensions Regulatory Authority Board
 
  Dec-10:   Energy Minister commissions new electrification projects in W/R
 
  Dec-07:   UT Bank, Guinness Breweries partner Invest in Africa
  Dec-07:   Government committed to reduce post-harvest losses
  Dec-07:   Mining companies urged to protect the environment
 
  Dec-02:   Ghana Says Fitch View on Budget-Deficit Measures ‘Questionable’
  Dec-02:   Ghana Central Bank Keeps Benchmark Interest Rate Steady at 16%
  Dec-02:   Ghana Seeks Okay for Third Eurobond as Power Fund Planned
 
  Nov-18:   Standard Chartered Ghana makes two board appointments
  Nov-18:   Stanbic Ghana opens Data Centre
 
  Nov-02:   Delta Air introduces Full Flat-Bed Seats
  Nov-02:   Benin is ready for Africa integration- Minister
  Nov-02:   SSNIT offloads shares in Merchant Bank
 
  Oct-30:   Need for fiscal regime to ensure win-win mining venture-Dr Manteaw
  Oct-30:   Put in place effective risk management policies
  Oct-30:   Let's protect local textile designs - AGI President
  Oct-30:   Procurement Act was invoked in Subah contract
 
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  Oct-26:   UT Bank/Amethis sign US10 million agreement
  Oct-26:   BOG disseminates 2012 Foreign Capital flow survey
  Oct-26:   Brakwa Breman Bank gets new Board
  Oct-26:   GIFMIS seeks budgetary support for financial reforms
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  Oct-20:   KTPP generators moved to site
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  Oct-14:   Mumuadu Rural Bank makes great strides
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  Oct-11:   Vivo Energy takes over Shell Ghana Limited
  Oct-11:   Africa World Airlines goes regional
 
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  Oct-07:   Maize farmers appeal for storage facilities
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  Oct-06:   VRA dissatisfied with tariff increment
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  Oct-06:   Alex Mould heads GNPC
 
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  Oct-01:   More people join Awutu-Effutu-Senya NHIS
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  Sep-27:   Travel Bureau partners South African Travel Centre
  Sep-27:   Stanbic offers SME loans without collateral
  Sep-27:   Committee formed to promote cocoa consumption
  Sep-27:   PwC to open Business School in Ghana
  Sep-27:   Ghana’s Bullion Production Seen Retreating 18% on Mining Cuts
  Sep-27:   Ghana to Raise Power Tariff 78.9% as Cedi Drop Boosts Costs
  Sep-27:   Ghana signs $1.2B cocoa loan for 2013/14 crop purchases
  Sep-27:   Ghana’s Economic Growth to Slow to 7.4% on Vote Dispute
 
  Sep-23:   GOIL setting pace for indigenous companies
 
  Sep-22:   Ghana Inflation Slows to Ease Pressure on Central Bank
  Sep-22:   Times Media Group in West African expansion, acquires stake in MultiMedia Group
 
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  Sep-16:   gh-link transactions up by almost 600 per cent
 
  Sep-13:   ABL donates toward Farmers' Day
  Sep-13:   Unibank rewards loyal customers
  Sep-13:   Takoradi holds form on petroleum industry
  Sep-13:   Minimum wage up by 17 per cent
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  Sep-13:   Revised GIPC Bill don’t support Ghanaian producers - TWN
 
  Sep-10:   StanChart launches Breeze mobile banking app
  Sep-10:   Nwabiagya Bank makes giant strides
  Sep-10:   RCBs minimum capital up by 100%
 
  Sep-09:   Government to revamp Komenda sugar factory
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  Sep-09:   BA to fly 10 times weekly from October
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  Sep-09:   Minerals Commission commends mining companies
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  Sep-09:   Amissah-Arthur prescribes solutions for economic growth
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  Sep-09:   AfDB’s skills project trains Master Crafts Persons
  Sep-09:   Kosmos Energy launches business principles document
 
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  Aug-30:   Base pay of public sector workers increased by 10%
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  Aug-27:   GSE yet to record listing on GAX
 
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  Aug-17:   EDAIF drafts proposed bill
 
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GSE Composite Index(GSE-CI)
@ 2012-Nov-01
Index 1,116.27 Pts
Index Change 14.89 Pts
YTD 16.73 %
Market Cap 56,726.45 m
Volume Traded 1,471,469
 
 
Economic Indicators
Indicator Rate
Consumer Price Index 409.50 %
Inflation 9.40 %
 
 
 
GSE Financial Stocks Index (GSE-FSI)
@ 2012-Nov-01
Index 947.00 Pts
Index Change 18.48 Pts
YTD 11.86 %
 
 
@ 2012-Nov-01 Shares (Movers)
Company Price (GH¢) Change (GH¢)  
SCB 60.0000 3.0000
TOTAL 18.4000 0.2500
GCB 2.0700 0.0200
FML 3.5100 0.0100
PBC 0.1800 0.0100
 
 
@ 2012-Oct-29 BOG Treasury Rates
Period Interest Rate (%)
91 - Day 23.02
182 - Day 22.94
1 - Yr Note 22.80
2 - Yr Note 23.00
 
 
@ 2012-Nov-01 Forex Rates
Currency Buying (GH¢) Selling (GH¢)
USD 1.9200 1.9673
GBP 3.0082 3.1009
EUR 2.4809 2.5445
CFA 254.5707 262.2794
 
 
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