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FML3.63000.28%
SCB30.84000.03%
Thursday, July 03rd, 2008

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Business News
03/07/2008
GHANA: INDEX MARGINALLY UP 0.01%

Two stocks, Fan Milk and Standard Chartered Bank recorded price gains today on the market propelling the Databank Stock Index [DSI] up by 0.01% to 11,328.05 points. This brought the year-to-date return on the index to 33.85%.

Market volume and turnover slumped by 99% each to 45,909 shares and GH¢43,927 respectively. ETI traded 43% and 21% of aggregate volume and value respectively.

...more
 
 
Knowledge Bank
03/07/2008
LIBERIAN FINANCIAL SECTOR & INVESTMENT REVIEW - JUNE 2008

Revenue flowing into the government’s coffers is experiencing significant growth, primarily due to the administration’s commitment to good governance and accountability

...more
 
17/06/2008
May: Outlook Still Bleak, As Inflation Surges to 16.9%
Risks to inflation remains high for Ghana. The fiscal and exchange rate anchor for price level stability for the economy continues to weaken and the economy is not likely to absorb the continuing threat of the global food and fuel price hikes within the short term. With further upward adjustment in domestic petroleum prices expected, as crude oil prices have further increased from US$125 per barrel in May to US$140 per barrel in June, we project inflation to further increase in June by 1.5% to 18.4%....more
 
27/05/2008
Outlook & Analysis - THE MPC REPORT
With the current incessant adjustment in petroleum prices inflationary expectations are likely to further deteriorate in the mist of the continuing crude oil price hikes. Essentially, if the adjustment continues inflation could jump to above 20% by the end of the third quarter. As the central bank is overly focused on maintaining low inflationary expectations, interest rates are likely to be further increased above 20% if inflation deteriorates above 20% as well...more
 
14/05/2008
Fiscal Discipline Needed To Unwind Inflation Hikes In The Short-Term
Increasing the prime rate within the short-term to curtail the hikes in inflation are desirable, but more energetic measures are needed if inflation is to revert to its 2004-mid 2007 levels. Further increases in the prime rate are needed if medium-term inflationary expectations are to be subdued. The further tightening of monetary policy is needed, but care must be taken not to stifle output growth by overly focusing on using it to fight inflation in the short-term....more
 
 
Specials
 Databank Gift Certificate

Most recpected company

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

2nd Most recpected CEO
 
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Market Data
Epack Investment Fund
Item-
2008 Gain (%)11.07
Dec. 1996 to Date (%)9,515.23
Gain/Loss (¢)0.0008
Last Price (¢)0.9471
Wednesday, July 02nd, 2008
 
Money Market Fund
Bid PriceOffer PriceAnnual Yield%
0.17450.176212.79%
Wednesday, July 02nd, 2008
 
BFund
Bid PriceOffer PriceYTD%
0.10990.11109.90
Wednesday, July 02nd, 2008

 
Major Trading Currencies
CurrencyCedi (¢)YTD Depreciation
EUR1.6105-12.17%
POUND2.0324-5.64%
USD1.0249-6.34%
Friday, July 04th, 2008
 

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