In a marked uptick, the Government of Ghana borrowed GH¢17.22 billion from the treasury market in June 2024, representing a 9.55% increase from the previous month. This was driven by pressing refinancing needs, saw GH¢14.75 billion allocated to repaying maturing treasury bills. Consequently, 14.34% of the total funds—approximately GH¢2.47 billion—were earmarked as fresh capital for government use. Despite this heightened borrowing activity, yields on treasury bills continued their gradual descent. The 91-day and 182-day bills saw their yields decline by 23 basis points and 15 basis points, settling at 24.87% and 27.79%, respectively.
🚩Nigeria’s debt-to-GDP ratio crossed 50% for the first time ever last week after the Debt Management Office published the country’s latest public debt figures. According to the DMO, Nigeria now has a public debt portfolio of N121 trillion, consisting of domestic debt of N65.6 trillion and a foreign debt portfolio of $42.1 billion (which converts to N56 trillion when converted to Naira). As of December 2023, Nigeria’s total gross domestic product (GDP) was N229.9 trillion in nominal terms, though it grew by only 2.74% in real terms. This suggests that the country’s debt-to-GDP ratio is now above 50% for the first time.
INTERBANK FOREX RATES 💴💰
US$GH¢ Buy 14.5787 Sell 14.5933
GB£GH¢ Buy 18.4348 Sell 18.4547
CHFGH¢ Buy 16.1341 Sell 16.1487
AUD$GH¢ Buy 9.6985 Sell 9.7109
CAD$GH¢ Buy 10.6118 Sell 10.6220
JP¥GH¢ Buy 0.0903 Sell 0.0903
NZDGH¢ Buy 8.8505 Sell 8.8619
ZARGH¢ Buy 0.7955 Sell 0.7958
EU€GH¢ Buy 15.6426 Sell 15.6581
CHN¥GH¢ Buy 2.0057 Sell 2.0074
GH¢CFA Buy 41.8925 Sell 41.9340
GH¢NG₦ Buy 103.9305 Sell 106.2025
CRYPTOCURRENCY MARKET
Bitcoin $62,969.38 🔻0.64%
Ethereum $3,453.78 🔻0.94%
Binance Coin $578.70 🔻1.19%
Ripple $0.4793 🔻0.21%
Solana $148.80 🔻0.59%
Cardano $0.4076 🔻2.39%
Dogecoin $0.1237 🔻2.19%
💵Bloomberg USDGHS Cross Rate – *15.3381* (YTD -🔺️-22.09%)
💰STANBIC BANK FOREX RATES💵
US$GH¢ Buy 14.9500 Sell 15.4300
ZARGH¢ Buy 0.8178 Sell 0.8718
GB£GH¢ Buy 18.8819 Sell 19.5961
EU€GH¢ Buy 16.0264 Sell 16.6644
GH¢CFA Buy 39.08 Sell 42.16
CHN¥GH¢ Buy 2.0513 Sell 2.1306
🔼GSE DAILY GAINERS ➖ PRICE ➖ %CHANGE
No gainers
🔻GSE DAILY LOSERS ➖ PRICE ➖ %CHANGE
No losers
〽Inflation rate in Ghana ➡️23.10%
🏦Ghana Reference Rate ➡️ 29.44%
✳Policy Rate in Ghana ➡️ 29.00%
¶ TREASURY RATES💸
91 – Day Discount Rate 23.4122% Interest Rate 24.8677%
182 – Day Discount Rate 23.6340% Interest Rate 26.8011%
364 – Day Discount Rate 21.7453% Interest Rate 27.7879%
🛢Petroleum Products – Average Price
🏗Petrol – Gh¢14.60/ltr (YTD🔺️+12.39%)
🛢Diesel – Gh¢14.80/ltr (YTD🔺️+13.95%)
⛽LPG – Gh¢13.00/kg (YTD🔺️+0.78%)
🏧MARKET INDEXES
*Dow Jones Index🚂⛽ 39,169.52 +50.66 +0.13%
*S&P 500 🏦 5,478.11 +17.63 +0.32%
*Nasdaq Index📲💻 17,879.30 +146.70 +0.83%
* NYSE Composite Index 17,961.30 -65.20 -0.36%
*London FTSE 8,166.76 +2.64 +0.03%
*Germany DAX 18,290.66 +55.21 +0.30%
*Japan NIKKEI 225 39,631.06 +47.98 +0.12%
*Tokyo TOPIX Index2,824.28 +14.65 +0.52%
*Hong Kong HANG SENG 17,718.61 +2.14 +0.01%
*Shanghai Shenzhen 300 3,478.18 +16.52 +0.48%
*S&P/ASX 200 Index 7,750.74 -16.73 -0.22%
*S&P Europe 350 Index 2,081.06 -4.39 -0.21%
*France CAC All-Tradable 5,592.51 +64.25 +1.16%
*Dubai DFM General Index 4,057.04 +27.04 +0.67%
*MOEX Russia Index 3,123.43 +95.96 +3.17%
*FTSE/JSE South Africa 72,805.63 -173.79 -0.24%
*Nairobi SE 20 Share 1,655.48 -1.02 -0.06%
*Nigeria SE Main 100,020.81 -36.68 -0.04%
*GSE Composite Index 3,829.94 0.00 0.00%
*GSE Financial Index 3,126.38 +5.94 +0.19%
*GSE Composite Index 3,829.61 0.00 0.00%
*GSE Financial Index 2,115.04 0.00 0.00%
GSE INDEXES ⏸ 2024 YTD RETURNS%
*GSE Composite Index 3,829.61 🔼+22.34%
*GSE Financial Index 2,115.04 🔼+11.23%
🔼GSE 2024 GAINERS ➖ PRICE ➖ YTD%
UNIL ➡️Gh¢14.77 🔼 +82.12%
GCB ➡️Gh¢5.50 🔼+61.76%
ACCESS ➡️Gh¢4.80 🔼+41.18%
GGBL ➡️Gh¢4.70 🔼+38.24%
MTN ➡️Gh¢1.81 🔼+29.29%
EGH ➡️Gh¢6.10 🔼+10.91%
FML ➡️Gh¢3.68 🔼+8.88%
🔻GSE 2024 LOSERS ➖ PRICE ➖ YTD%
CAL ➡️Gh¢0.35 🔻-27.08%
MMH ➡️Gh¢0.10 🔻-9.09%
DASPHARMA ➡️Gh¢0.38 🔻-5.00%
SOGEGH ➡️Gh¢1.55 🔻-1.27%
COMMODITIES MARKET
*Brent Crude USD/barrel⛽ 86.72 +1.72 +2.02%
*Natural Gas 🏭 USD/millon BTUS 2.48 -0.13 -4.84%
*Gold 👑 USD/troy ounce 2,342.00 +2.40 +0.10%
*Silver 💍 USD/troy ounce 29.75 +0.19 +0.64%
*Corn 🌽 USd/bushel 421.50 +0.75 +0.18%
*Cocoa 🍫 USD/metric ton 7,293.00 -438.00 -5.67%
*Coffee ☕ USd/pound 224.85 -1.95 -0.86%
*Sugar🎂 USd/pound 20.23 -0.07 -0.34%
*Rubber USd/100kg 169.30 -0.20 -0.12%
Sources: Bank of Ghana, Bloomberg, GSE, Reuters, Citifm, Myjoyonline, Ghanaweb, Doobia, BBC, Graphic Business, B&FT, StarFmonline, Ghana News Agency, Norvan Reports.
