In Your Interest
March 6, 2024/Cordros Report EQUITIES Local stocks closed higher for the third consecutive session as sustained interest in FBNH (+10.0%) and TRANSCORP (+10.0%) drove the benchmark index higher by 0.4%. As a result, the All-Share Index closed at 99,591.64 points, with the Month-to-Date and Year-to-Date returns printing -0.4% and +33.2%, respectively. The total […]
March 5, 2024/Bank of Ghana Bank of Ghana has suspended the Foreign Exchange Trading Licences of Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN), effective 18th March 2024, for a period of one (1) month, in accordance with section 11 (2) of the Foreign Exchange Act 2006, […]
March 5, 2024/FBNQuest Research According to the CBN’s most recent data on money and credit, the net domestic credit to the private sector increased sharply by 85% y/y to NGN76.9trn in January 2024. While the three other monetary aggregates that we track also recorded double-digit growth rates y/y, their growth […]