#ghanastocks

[ghanafinancialmarket]

Gold Fields Ltd Announces US$711 mln Profit (US$0.80 per share) For shareholders

Gold Fields Limited has announced a profit of US$711 million (US$0.80 per share) to the owners of the parent company for the year ended 31 December 2022. This compared with a profit of US$789m (US$0.89per share) for the year ended 31 December 2021. A final dividend number 97 of 445 SA cents per share (gross) is payable on 20 March 2023, giving a total dividend for the year ended 31 December…

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[ghanafinancialmarket]

NCA Approves Transfer Of 70% Majority Shares In Vodafone To Telecel Group

The National Communications Authority (NCA) has approved the transfer of the 70% majority shares in Ghana Telecommunications Company Limited (Vodafone Ghana, held by Vodafone International Holdings B.V. (the Seller) to Telecel Group (the Buyer). This is subject to concessions made by the Seller and representations made by the Buyer to the NCA. Buy at Price low, Sell at Price High; Tap into the…

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[ghanafinancialmarket]

GSE Records -27.4% Loss For Investors In Dollar Term At End Of Dec. 2022

GSE Records -27.4% Loss For Investors In Dollar Term At End Of Dec. 2022

Tap into the world’s largest financial market with EXNESS The weak performance of the Ghana cedi to the dollar as well as inflation impacted negatively on the Ghana Stock Exchange (GSE), as the Accra Bourse lost about ¢748 million in market capitalization in 2022. The GSE market capitalization stood at ¢64.49 billion in December 31, 2021, but ended 2022 at ¢63.74 billion. In cedi term, it lost…

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[ghanafinancialmarket]

GSE Records -27.4% Loss For Investors In Dollar Term At End Of Dec. 2022

GSE Records -27.4% Loss For Investors In Dollar Term At End Of Dec. 2022

Tap into the world’s largest financial market with EXNESS The weak performance of the Ghana cedi to the dollar as well as inflation impacted negatively on the Ghana Stock Exchange (GSE), as the Accra Bourse lost about ¢748 million in market capitalization in 2022. The GSE market capitalization stood at ¢64.49 billion in December 31, 2021, but ended 2022 at ¢63.74 billion. In cedi term, it lost…

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[ghanafinancialmarket]

Ghana Stock Market Indexes Records Negative YTD Returns In 3rd Qtr, 2022

The GSE Composite Index (GSE-CI) and GSE Financial Stock Index (GSE-FSI) closed the third quarter of 2022 with YTD returns of negative 11.8 per cent and negative 3.80 per cent, respectively, compared to 47.06 per cent and 15.28 per cent at the end of September 2021. The GSE-FSI performed better than the GSE-CI due to major price recoveries in ACCESS, TBL, and SIC. During the quarter, there were…

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[ghanafinancialmarket]

GSE Attains Full Membership Status At World Federation Of Exchanges

This was on September 28, 2022, at the federation’s 61st Annual General Assembly held in Malta. The WFE is a non-profit organisation which has the objective to contribute to the development, support and promotion of organised and regulated securities and derivatives markets to meet the needs of the world’s capital markets in the best interests of their users. A release issued by the GSE said:…

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[ghanafinancialmarket]

SEC Sandbox Bears Fruit With Launch Of Fixed Income-focused CediManager

SEC Sandbox Bears Fruit With Launch Of Fixed Income-focused CediManager

Regulator of asset managers, the Securities and Exchange Commission (SEC), has added another feather to its hat following the launch of a financial technology tool – CediManager – which had been subjected to its regulatory sandbox framework. The CediManager, an investment application developed and owned by Fincap Securities Limited, an investment banking and advisory firm, aims to allow…

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[ghanafinancialmarket]

Ghana Parliament Passes Income Tax (Amended) Bill, 2022

Ghana Parliament Passes Income Tax (Amended) Bill, 2022

Parliament has passed the Income Tax (Amended) Bill, 2022 to amend the Income Tax Act, 2015 (Act 896) to extend the exemption from tax of gains on the realisation of shares listed on the Ghana Stock Exchange for five years. Mr Kwaku Kwarteng, the Chairman of the Finance Committee of Parliament moved for the adoption of the Income Tax (Amended) Bill, 2022 and was seconded by Dr Cassiel Ato…

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