realityapp realityapp realityapp
  • 3Sports
  • Home
  • MG Radio
3news
Advertisement
  • Home
  • News
  • Politics
  • Business
  • World
  • Showbiz
  • 3Sports
  • Lifestyle
  • Tilapia
  • MORE
    • Education
    • Features
    • Tech
    • Health
    • GMB
    • Mentor
    • Coronavirus
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • World
  • Showbiz
  • 3Sports
  • Lifestyle
  • Tilapia
  • MORE
    • Education
    • Features
    • Tech
    • Health
    • GMB
    • Mentor
    • Coronavirus
No Result
View All Result
3news
No Result
View All Result
Home Business

Ghana’s stocks worst-performing globally as foreigners exit – report

March 29, 2019
File

Ghana’s stocks are the worst-performers globally in the first quarter after a sell-off by foreign investors hobbled the local currency and demand from local institutional investors dried up.

realityapp realityapp realityapp

The Ghana Stock Exchange Composite Index has lost more than 14 percent this year, making it the laggard in dollar terms among 94 global equities benchmarks tracked by Bloomberg.

The index advanced for a first day in three on Friday, gaining 1.4 percent to 2,415.2 at 2:34 p.m. in the capital, Accra.

Ripple Effect

RelatedPosts

London Stock Exchange partners GSE to grow Ghana’s stock market

November 13, 2020

GH¢85bn worth of bonds traded in 2020 – GSE MD

November 12, 2020

PZ de-listed by Ghana Stock Exchange

October 16, 2020

Currency collapse sends Ghanaian stocks to world’s worst performance.

Source Bloomberg

Ghana’s impending exit from a four-year International Monetary Fund program next month has unnerved some foreign investors, whose sale of the country’s assets has beaten the cedi 11 percent lower in 2019.

A central bank-led cull of the banking sector has combined seven lenders into one entity, constraining flows of institutional funds to the stock market.

“Some foreign investors sold their investments because of rising interest rates in the U.S. and the recent uncertainty about Ghana’s economy after IMF,” Kofi Busia Kyei, a stock trader at UMB Stockbrokers in Accra, said by phone.

“We are not getting the pension funds and other institutional investors as we used to because they are all complaining of a lack of funds. Their funds are locked up in fixed-term investments with banks that were consolidated last year.”

Foreigners accounted for 78 percent of stock sales in the first two months of the year, according to figures from Central Securities Depository Ghana Ltd.

 Bloomberg.com

Previous Post

Ghana’s stocks worst-performing globally as foreigners exit – report

Next Post

Don’t re-register voters, use NIA data to compile new voters’ register – PPP to EC

Related Posts

Business

London Stock Exchange partners GSE to grow Ghana’s stock market

November 13, 2020
Business

GH¢85bn worth of bonds traded in 2020 – GSE MD

November 12, 2020
Business

PZ de-listed by Ghana Stock Exchange

October 16, 2020
Business

Did the Bank of Ghana do a disservice to the Ghana Stock Exchange?

April 30, 2020
Major Top Story2

Suspension of dividends to bank shareholders to derail investments in Ghana – Analyst

April 27, 2020
Business

London Stock Exchange collaborates with GSE to develop capital markets

October 4, 2019
Next Post

Don't re-register voters, use NIA data to compile new voters' register - PPP to EC

Discussion about this post

Stay Connected

  • 1.7M Fans
  • 207k Subscribers
realityapp realityapp realityapp
  • Trending
  • Comments
  • Latest
Video: I’m gay, I prefer men like John Dumelo – Pappy Kojo

Video: I’m gay, I prefer men like John Dumelo – Pappy Kojo

February 21, 2021

Eugene Arhin dragged to court for ‘adultery’; wife demands GH¢2m in settlement

February 11, 2021
Esther Cobbah appointed onto board of IPRA

Esther Cobbah appointed onto board of IPRA

February 18, 2021
NPP PC aspirant defects to NDC in Odododiodio

NPP PC aspirant defects to NDC in Odododiodio

February 23, 2021
RTI law: Submit proposals, recommendations for LI – Commission to public

RTI law: Submit proposals, recommendations for LI – Commission to public

February 25, 2021
Penalties send Ghana to Total U-20 AFCON semis 

Penalties send Ghana to Total U-20 AFCON semis 

February 25, 2021
Ghana, Ivory Coast set up joint committee to tackle attacks on cocoa farmers

Ghana, Ivory Coast set up joint committee to tackle attacks on cocoa farmers

February 25, 2021
Importers call for strict regulation of shipping industry

Importers call for strict regulation of shipping industry

February 25, 2021

Recent News

RTI law: Submit proposals, recommendations for LI – Commission to public

RTI law: Submit proposals, recommendations for LI – Commission to public

February 25, 2021
Penalties send Ghana to Total U-20 AFCON semis 

Penalties send Ghana to Total U-20 AFCON semis 

February 25, 2021
Ghana, Ivory Coast set up joint committee to tackle attacks on cocoa farmers

Ghana, Ivory Coast set up joint committee to tackle attacks on cocoa farmers

February 25, 2021
Importers call for strict regulation of shipping industry

Importers call for strict regulation of shipping industry

February 25, 2021
3news

3news.com is the fastest growing news portal in Ghana. Get all breaking news updates, latest news headlines, local and world stories, showbiz, lifestyle etc.

Follow Us

Browse by Category

Recent News

RTI law: Submit proposals, recommendations for LI – Commission to public

RTI law: Submit proposals, recommendations for LI – Commission to public

February 25, 2021
Penalties send Ghana to Total U-20 AFCON semis 

Penalties send Ghana to Total U-20 AFCON semis 

February 25, 2021
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2021 Media General - Developed and managed by MG Digital.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • World
  • Showbiz
  • 3Sports
  • Lifestyle
  • Tilapia
  • MORE
    • Education
    • Features
    • Tech
    • Health
    • GMB
    • Mentor
    • Coronavirus

© 2021 Media General - Developed and managed by MG Digital.