HIGHLIGHTS

• The SIC-FSL Index a market capitalization weighted index of the top fifteen stocks (15) on the Ghana Stock Exchange went up today by 0.29 points to close the day’s session at 93.23 points.  On a similar note, the GSE-All Share Index also went up by 0.13% ahead of its previous trading session, closing the day’s trading at an index level of 5,406.45.  Market Capitalization at the end of day stood at GH¢ 15,267.63 million (US$ 10,460.15 million) up by 0.035 percentage points over its previous day’s session (GH¢ 15,262.33 million).  This was at the back of a GH¢ 0.02 increase in the share price of the Ghana Commercial Bank (GCB). The largest state owned bank at the end trading today moved its price from GH¢ 0.66 to GH¢ 0.68. 

• The Ghana Cedi continued its nose dive against the major trading currencies the U.S Dollar, the British Pound and the Euro with exception of CFA Franc on the inter-bank Forex market.

• The Government of Ghana received thumbs up yesterday following the International Monetary Fund (IMF) approval of US$ 1billion financial package for the West African country.

• Africa Finance Corporation (AFC), a newly fledging organization with focus on financing infrastructure and industry in Africa, has announced its participation in loan syndication by offering US$50million of the US$750 million to develop phase one of the landmark Jubilee Oil Fields.