Inflation for the month of April 2024 declined marginally to 25.0% from the 25.8% percent recorded in March 2024. By this, the rate of inflation for the month of April 2024 slowed by 0.8%. According to the Ghana Statistical Service, food inflation contributed to the overall drop in the rate of inflation as it recorded a rate of 26.8%, the lowest since 13 months, with non-food inflation of 23.5%. Non food inflation however shot up to 23.5% in April 2024, from 22.6% in March 2024. Inflation for locally produced items and imported items fell to 25.7% and 23.5% respectively.
🚩The Managing Director of Societe Generale Ghana, Hakim Ouzzani, has declared that the publicized information about the bank exiting the Ghanaian market is not coming from the Group Head Office in France. Describing the media reports as rumours, Mr. Ouzzani said the bank remains committed to its group strategy to strengthen its capital base since 2023. “Some rumours have indeed taken root regarding SG Ghana. But it’s important to mention to all our stakeholders and our shareholders that the news item being circulated in the media was not issued by the group nor by SG Ghana”, he said. “We don’t want to comment further. But really, I insist on the papers is not by SG, it is not by SG Ghana,” he added. Hakim was speaking at the 44th Annual General Meeting of Societe Generale Ghana in Accra.
INTERBANK FOREX RATES 💴💰
US$GH¢ Buy 13.5447 Sell 13.5583
GB£GH¢ Buy 16.9187 Sell 16.9370
CHFGH¢ Buy 14.9129 Sell 14.9277
AUD$GH¢ Buy 8.9060 Sell 8.9173
CAD$GH¢ Buy 9.8623 Sell 9.8712
JP¥GH¢ Buy 0.0871 Sell 0.0872
NZDGH¢ Buy 8.1227 Sell 8.1331
ZARGH¢ Buy 0.7291 Sell 0.7297
EU€GH¢ Buy 14.5537 Sell 14.5682
CHN¥GH¢ Buy 1.8750 Sell 1.8761
GH¢CFA Buy 45.0266 Sell 45.0715
GH¢NG₦ Buy 103.0122 Sell 103.4742
CRYPTOCURRENCY MARKET
Bitcoin $61,618.32 🔻1.57%
Ethereum $3,006.11 🔻0.62%
Binance Coin $598.42 🔼2.38%
Ripple $0.5225 🔼0.12%
Solana $144.55 🔻1.80%
Cardano $0.4597 🔻3.83%
Dogecoin $0.1481 🔻1.33%
💵Bloomberg USDGHS Cross Rate – *13.8863* (YTD -🔺️-13.94%)
💰STANBIC BANK FOREX RATES💵
US$GH¢ Buy 13.3500 Sell 14.1000
ZARGH¢ Buy 0.7101 Sell 0.7705
GB£GH¢ Buy 16.6208 Sell 17.6532
EU€GH¢ Buy 14.2845 Sell 15.1857
GH¢CFA Buy 43.19 Sell 47.72
CHN¥GH¢ Buy 1.8424 Sell 1.9621
🔼GSE DAILY GAINERS ➖ PRICE ➖ %CHANGE
No gainers for today
🔻GSE DAILY LOSERS ➖ PRICE ➖ %CHANGE
No losers for today
〽Inflation rate in Ghana ➡️25.00%
🏦Ghana Reference Rate ➡️ 29.66%
✳Policy Rate in Ghana ➡️ 29.00%
¶ TREASURY RATES💸
91 – Day Discount Rate 23.9260% Interest Rate 25.4482%
182 – Day Discount Rate 24.0965% Interest Rate 27.3974%
364 – Day Discount Rate 21.8749% Interest Rate 27.9998%
🛢Petroleum Products – Average Price
🏗Petrol – Gh¢14.99/ltr (YTD🔺️+12.97%)
🛢Diesel – Gh¢14.80/ltr (YTD🔺️+14.73%)
⛽LPG – Gh¢13.00/kg (YTD🔺️+0.78%)
🏧MARKET INDEXES
*Dow Jones Index🚂⛽ 39,056.39 +172.13 +0.44%
*S&P 500 🏦 5,187.67 -0.03 0.00%
*Nasdaq Index📲💻 16,302.76 -29.80 -0.18%
* NYSE Composite Index 17,996.03 +1.76 +0.01%
*London FTSE 8,354.05 +40.38 +0.49%
*Germany DAX 18,498.38 +68.33 +0.37%
*Japan NIKKEI 225 38,202.37 -632.73 -1.63%
*Tokyo TOPIX Index2,706.43 -39.79 -1.45%
*Hong Kong HANG SENG 18,313.86 -165.51 -0.90%
*Shanghai Shenzhen 300 3,630.22 -28.79 -0.79%
*S&P/ASX 200 Index 7,804.49 +11.16 +0.14%
*Bloomsberg EU 500 325.92 -0.22 -0.07%
*France CAC All-Tradable 6,026.57 +39.51 +0.66%
*Dubai DFM General Index 4,193.35 +37.06 +0.89%
*MOEX Russia Index 3,432.54 +4.93 +0.14%
*FTSE/JSE South Africa 70,939.44 +149.62 +0.21%
*Nairobi SE 20 Share 1,659.01 +13.65 +0.83%
*Nigeria SE Main 98,224.00 -4.50 0.00%
*BBG EMEA World Index 218.29 -1.01 -0.46%
*GSE Composite Index 3,648.50 0.00 0.00%
*GSE Financial Index 2,040.76 0.00 0.00%
GSE INDEXES ⏸ 2024 YTD RETURNS%
*GSE Composite Index 3,648.50 🔼+16.56%
*GSE Financial Index 2,040.76 🔼+7.32%
🔼GSE 2024 GAINERS ➖ PRICE ➖ YTD%
UNIL ➡️Gh¢12.00 🔼 +47.97%
ACCESS ➡️Gh¢4.80 🔼+41.18%
GGBL ➡️Gh¢4.44 🔼+30.59%
GCB ➡️Gh¢4.22 🔼+24.12%
MTNGH ➡️Gh¢1.72 🔼+22.86%
EGH ➡️Gh¢6.10 🔼+10.91%
🔻GSE 2024 LOSERS ➖ PRICE ➖ YTD%
CAL ➡️Gh¢0.35 🔻-27.08%
MMH ➡️Gh¢0.10 🔻-9.09%
DASPHARMA ➡️Gh¢0.38 🔻-5.00%
BOPP ➡️Gh¢21.55 🔻-2.05%
FML ➡️Gh¢3.20 🔻-1.54%
COMMODITIES MARKET
*Brent Crude USD/barrel⛽90.41 -0.04 -0.39%
*Natural Gas 🏭 USD/millon BTUS 1.69 -0.08 -4.46%
*Gold 👑 USD/troy ounce 2,383.00 +8.90 +0.37%
*Silver 💍 USD/troy ounce 28.72 +0.39 +1.37%
*Corn 🌽 USd/bushel 444.25 -3.00 -0.67%
*Cocoa 🍫 USD/metric ton 10,559.00 +84.00 +0.80%
*Coffee ☕ USd/pound197.55 +0.90 +0.46%
*Sugar🎂 USd/pound 19.60 -0.35 -1.75%
Rubber USd/100kg 162.70 -0.70 -0.43%
Sources: Bank of Ghana, Bloomberg, GSE, Reuters, Citifm, Myjoyonline, Ghanaweb, Doobia, BBC, Graphic Business, B&FT, StarFmonline, Ghana News Agency, Norvan Reports.
