Cedi, cocoa, gold, Eurobond restructuring, and growth reforms.
Ghana
BZ=F trades near $61 while CL=F holds around $58; GHAGEN 32 Corp eurobond rises to $0.83 as cedi (USDGHS=X) stabilises and reserves near USD 10.7 billion on disinflation momentum and policy discipline.
Ghana
Ghana’s AGOA lapse imposes 10–15% MFN tariffs, squeezing margins and FX. Track USDGHS=X for currency pressure and CC=F, GC=F for commodity buffers, alongside 7–10y auction cut-offs for term-premium signals through 2026–2027.
Ghana
Ghana slows M2+ to 16.6% y/y; USDGHS=X steadies as disinflation advances. Frontier hard-currency risk compresses with EMB, but real credit remains negative and thin bank capital caps growth, keeping policy biased to the nominal anchor.
Ghana
Guinness Ghana Breweries PLC achieved a strong FY2025 rebound with revenue up 52% to GHS 3.59 billion and net profit at GHS 346 million. Margin recovery, local sourcing, and Castel integration signal sustained stability and disciplined growth.
Ghana
NewGold ETF (JSE:GLD, GSE:GLD.GH) posted a 27% profit drop to USD 2.69 m as fee income weakened, yet bullion holdings rose to USD 2.64 bn. The fund remains fully backed by gold, offering safe XAUUSD exposure but limited yield potential.
Ghana
The Ghana Stock Exchange traded GH¢58.4m in Week 41, led by GCB (72.6%), MTNGH (24.6%), and CAL (+9.7%), as the GSE-CI held near 3,896 points. A HHI of 2,420 and CR5 of 78.2% show liquidity concentrated but stable—signaling institutional discipline, not retreat.
Ghana
Fitch warns Ghana’s 26% policy rate will shrink bank margins by nearly 25% as Treasury yields drop to 15–17%. With banks still exposed to government debt and ROE set to fall below 12%, the country’s rate shift signals a new test for frontier-market credibility.
Ghana
Ghana’s central bank is urging lenders to list on the GSE, aiming to deepen markets and rebuild credibility. With Eurobond yields near 11% (GH2031), reserves at USD 6B, and inflation under 10%, the reform could redefine Ghana’s frontier equity landscape.
Ghana
Ghana raises the cocoa farmgate price to GH¢3,625 per bag (≈ USD 3,800 / tonne), boosting farmer income but straining COCOBOD’s GH¢20 bn debt and IMF fiscal targets. With Eurobond yields near 12.6 %, markets question whether policy generosity can stay solvent.
Markets
Ghana’s tourism earned GH¢15.42bn (≈USD1.1bn) from 901,448 arrivals, avg spend USD1,200/visitor. Revenue rivals cocoa (LSE:HOTC) & oil, easing FX strain (GHS/USD=X) and Eurobond risk (LSE:GHANA31) but depends on policy to sustain yield.
Markets
Ghana’s GoldBod isn’t changing who buys ASM gold; it’s changing the verification layer that sets pricing, counterparties, and FX. If traceability—tags, custody, enforcement—scales, expect narrower discounts, cleaner dollar inflows, and tighter Ghana risk spreads.
Markets
China’s banks deployed over US$3.2 trillion in tech loans by mid-2025, while Africa’s startups raised under US$3 billion in 2023. This vast credit gap shows one system risking misallocation through excess and another held back by scarcity, with major implications for global investors.