The Bank of Ghana has warned the public against doing business with some six deposit-taking entities in the country. A statement signed by the Secretary of the Central Bank, Frances Van-Hein Sackey said, “The Bank of Ghana wishes to inform the general public that the following entities have not been granted license to carry out deposit-taking activities in Ghana.”

The six entities include the following:
• Global Coin Community Help International Limited (G.C.C.H)
• Wealth Drive Ghana Limited (WDG)
• Devonshire Place Capital Ghana Limited
• TCL Markets Ghana Limited
• FX-Crypto Traders
• Sonsis Susu Services
The BoG, therefore, warned that “anyone who does business with these entities does so at his or her own risk and the Bank of Ghana will not be liable for the refund of any deposit lost by a depositor.”

The Government of Ghana has secured an agricultural mechanization facility worth Two Hundred and Fifty Million Dollar from three foreign partners to improve mechanized agriculture under the flagship Planting for Food and Jobs programme, the Minister of Food and Agriculture, Hon.Dr. Owusu Afriyie Akoto has revealed. The equipment were secured from India, Czech Republic and Brazil Governments as part of moves to support large and smallholder farmers in the country. The Minister stated this when he formally launched a Multipurpose Agro Processing factory under the One District One Factory initiative at Jasikan in the Volta Region.

Data from the Bank of Ghana has shown mobile telecom giant MTN seeing a jump in third-quarter revenue from the previous year; from GHS2.49 billion to GHS3.54 billion ($731.90 million). The revenue jump is thanks to the nationwide use of its MoMo service used for money transfers and payments using a mobile phone service. During the quarter, MTN Ghana’s service revenue grew 22.9 percent, its data revenue increased by 30.9 percent and digital revenue rose by 28 percent.

The Japanese Government has provided a grant of US $265,224 for three organisations to undertake various health projects in the country. An agreement to that effect was signed between the Japanese Government and the beneficiary organisations in Accra yesterday. They are the Integrated Action for Community Development (INTAGRAD), the Mampong Municipal Health Directorate and the West Gonja Hospital.

The Ghana Cocoa Board (COCOBOD) has signed an agreement with the China National Complete Engineering Corporation (CCEC) to support the cocoa industry through the Comprehensive Cocoa Sector Development Programme. Under the agreement, which was signed at the stand of COCOBOD at the China International Import Exposition in Shanghai, CCEC will provide US$1.5 billion to support the Board to pursue a number of projects to increase cocoa production and processing.

Government on Thursday signed an agreement with a South African group, Africa Investment (Ai) SkyTrain Consortium, for the construction of the Accra Sky Train Project. Railways Development Minister, Mr Joe Ghartey, signed the agreement for Ghana on the sidelines of the Africa Investment Forum in Johannesburg, South Africa. He empasised that the Sky Train Project was the solution to the ever-increasing road traffic congestion in Accra, with its detrimental effects on economic activity, pollution and the quality of life.

A former Deputy Minister of Power, John Jinapor, has accused the Electricity Company of Ghana (ECG) of unilaterally increasing tariffs by 33% and passing it on to consumers. He said the bulk generation tariff, which comprises Volta River Authority (VRA) charges and Independent Power Producers (IPP) rates, was pegged at a composite figure of 42.9 pesewas per kilowatt hour by the Public Utilities Regulatory Commission (PURC) in the gazetted tariffs released in March 2018.

US$Gh¢ Buy 4.7864 Sell 4.7910
GB£Gh¢ Buy 6.2731 Sell 6.2810
CAD$Gh¢ Buy 3.6541 Sell 3.6577
JP¥Gh¢ Buy 0.0421 Sell 0.0421
ZARGh¢ Buy 0.3416 Sell 0.3420
EU€Gh¢ Buy 5.4734 Sell 5.4779
CHN¥Gh¢ Buy 0.6917 Sell 0.6923
Gh¢CFA Buy 119.75 Sell 119.84
Gh¢NG₦ Buy 63.87 Sell 63.93
BITCOIN Trading Price $6,426.94 ▼$-7.69 ▼-0.18%
ETHEREUM Trading Price $212.43 ▼$-2.76 ▼-1.36%
RIPPLE Trading Price $0.51 ▲ $0.01 ▲0.35%

No gainers for today

CAL -0.97% ➡Gh¢1.02
GCB -0.78% ➡Gh¢5.10

〽Inflation rate in Ghana  ➡  9.80%(-1.02%)

✳Policy Rate in Ghana ➡ 17.00% ( -5.55%)

91 – Day Discount Rate 13.6524% Interest Rate 14.1349%
182 – Day Discount Rate 13.5185% Interest Rate 14.4985%
1 Year Fixed Note Interest Rate 15.0000%
2 Year Fixed Note Interest Rate 19.5000%
3 Year Bond Interest Rate 18.0000%
5 Year Bond Interest Rate 17.0000%
10 Year Bond Interest Rate 17.5000%

PZC +140.00% ➡Gh¢0.48
MLC +50.00% ➡Gh¢0.09
SOGEGH +40.85% ➡Gh¢0.99
UNIL +38.47% ➡Gh¢17.78
SIC +30.00% ➡Gh¢0.13

ALW -50.00% ➡Gh¢0.08
PBC -50.00% ➡Gh¢0.03
FML -43.50% ➡Gh¢10.00
TBL -42.86% ➡Gh¢0.20
SPL -33.33% ➡Gh¢0.02

Average Petrol & Diesel Price Per Litre – Gh¢5.15 (-1.15%)

*Dow Jones Index 26,191.22 +10.92 +0.04%
*S&P 500  2,806.83 -7.06 -0.25%
*Nasdaq Index  7,530.89 -39.87 -0.53%
* NYSE Composite Index 12,622.04 -57.06 -0.45%
*London FTSE 100 7,140.68 +23.40 +0.33%
*Germany DAX 11,527.32 -51.78 -0.45%
*Japan NIKKEI 225 22,289.87 -197.05 -0.88%
*Hong Kong HANG SENG  25,625.73 -601.99 -2.30%
* Shanghai Shenzhen 300 3,173.38 -39.39 -1.23%
*S&P/ASX 200 Index 5,921.80 -6.43 -0.11%
*Bloomsberg EU 500 246.71 +0.25 +0.10%
*FTSE/JSE South Africa Top40 47,638.53 -657.39 -1.36%
*Nairobi SE 20 Share 2,819.78 -17.64 -0.62%
*Nigeria SE Main-Board Index 32,228.50 +120.20 +0.37%
*GSE Composite Index 2807.63 -1.69 (-0.06%)
*GSE Financial Index 2314.67 -3.27 (-0.14%)

Dalex Vision 🔼+23.72%
Gold Fund 🔼+19.87%
Legacy Trust 🔼+15.64%
Anidaso Fund 🔼+13.06%
Omega Equity 🔼+12.64%
Republic F Plan 🔼+12.31%
SAS Fortune 🔼+10.44%
NTHC Horizon 🔼+4.48%
HeritageFund 🔼+4.13%
EPAcK 🔻-2.16%
SEM All-Africa 🔻-3.69%

CM Fund 🔼+18.57%
CDH Balanced 🔼+19.06%
UMB Balanced 🔼+16.44%
EDC Balanced 🔼+14.67%
Republic F Plan 🔼+11.38%
EdiFund T2 🔼+9.85%
CCMF 🔼+9.82%

TTL IncomeHaven 🔼+25.85%
FirstFund 🔼+24.53%
Galaxy Mfund 🔼+19.22%
Omega Income 🔼+18.20%
EDC Fixed Income 🔼+17.02%
Mfund 🔼+16.11%
SEM Income 🔼+16.14%
Republic Unit 🔼+15.52%
STANLIB Income 🔼+14.08%

*Brent Crude $/barrel $70.74 +0.09 +0.13%
*Natural Gas  $/million BTUS $3.56 +0.01 +0.34%
*Gold  $/troy ounce $1,219.60 -5.50 -0.45%
*Silver  $/troy ounce $14.36 -0.06 -0.44%
*Corn  $/bushel $372.75 -0.75 -0.20%
*Cocoa  $/metric ton  $2,292.00 -107.00 -4.46%
*Coffee  ¢/pound  $116.65 +1.05 +0.91%
*Sugar ¢/pound $12.84 -0.17 -1.31%

Sources: Bank of Ghana, Bloomberg, GSE, Reuters, Citifm, Myjoyonline, Ghanaweb, Doobia, BBC, Graphic Business, B&FT, StarFmonline.

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