Monday, April 22, 2013

List of Mutual Funds in Ghana and their Fund Managers: Mutual Monday Continues.

Welcome to another Mutual Monday.  In my previous posts, we looked at the facts behind some Mutual funds in Ghana. Below are the posts you may have missed;
1 .Mutual Monday: Investment Funds (Mutual funds & Unit Trusts) in Ghana.
2. Mutual Monday: What you must know about EPACK, the 'Praise-the-Lord' fund.
3. Mastering the Balanced Fund (B-Fund): The new focus on a 'Mutual Monday'
4. How to master mutual funds; focus on the iFUND mutual fund
Per the request of some readers of this blog, I want to provide a more detailed list of the Mutual Funds and Unit trusts that exist in Ghana.

Friday, April 19, 2013

Annual General Meetings and Upcoming 'Facts behind the figures' on GSE

Courtesy: CBL

Stock Market Update: GSE bounces back as stocks rally

No losses were recorded on the Ghana Stock Exchange as the market bounced back from Thursday's loss. The GSE-Composite Index went up 9.84 points, as stocks edged upwards, to close the week at 1,778.07, resulting in a year-to-date return of 48.21%.

Wednesday, April 17, 2013

Which brokerage firm is the best? What fees do they charge? What do they offer? #AskPEAGAMA

Photo credit: Databank
Below are my responses to an investor's questions about brokerage firms in Ghana. 

"Dear Edem,

My name is James Kofi Bond, a Ghanaian currently living in the US. I came across your blog a couple of days ago and have been reading your articles.

I am writing to you because I have been thinking of investing in some equities on the Ghana Stock Exchange (GSE) and was wondering if you could recommend some brokerage firms back home that cater for an investor resident abroad. In addition, would you be kind enough to share your experiences/reviews using some of the brokerages in Ghana. Are you satisfied with services you receive or have received have you had any major issues? Were there any surprises once you started using their services, or did everything go smoothly as you expected?

Below are guidelines I would like to consider before I make any commitment and I would appreciate it if you could offer your thoughts on each of the guidelines. Feel free to add to the list if I miss anything.

1. What is the name of the firms that you would recommend? Are they full-service brokers or discount brokers?
Ans: I would recommend Databank Brokerage, CAL Brokers and Ecobank Capital simply because I have experience with them and likes what I get from them. And Yes, I they are full-service brokers

2. What documents are required to open an account? Should the documents be notarized?

Wednesday, April 10, 2013

Tullow Oil stocks sprang Ghana Stock Market to a record high. Find out How?

The GSE-Composite Index sprang to a record high on the back of a 6.11% gain on TLW stocks. The index closed mid-week trading at 1,758.92, 0.90% return on Tuesday's closing of 1,743.21. The change brings the year-to-date return to 46.61%.

Upward movement on GCB and EGL stocks halted the 3-day losing streak of the GSE-Financial Stock Index. It closed trading on Wednesday at 1,578.87, up 19.48 points from 1,559.39.

A turnover of 1.28 million shares resulted in a consideration of GHS5.46 million. Nineteen times more shares were traded on the exchange today, compared to the previous session. Trade value increased by more than thirty-seven times. EBG emerged as the dominant equity, 75.47% of the trade volume and 87.37% of the total value traded.

PBC recorded the only loss, falling 2-pesewas to GHS0.18. The upside saw six stocks appreciate in price. They included GCB, GGBL and GOIL; all closing at 52-week highs. Others were EGL, FML, TLW and TOTAL.

Courtesy: CBL

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Friday, April 5, 2013

Miss the timing, miss the profit - How not to make loss on GSE

Investing on the stock market is a game, better understood, played and won, when you get the timing correct. The reason you are not making profit is not because you have not bought the right stock at the right time but you have not sold the right stock at the right time. When you miss the timing, you miss everything.

Wednesday, April 3, 2013

Which Bank is best for me? Find out their Average Interest on deposits

I was reading a very interesting and educative article written by Nana Otuo Acheampong, Head, OTCEER in today’s issue of the Business and Financial Times (B&FT) and would like to share some of his research findings. The article is titled “WHICH BANK IS BEST FOR ME”? In this article, he tackled the question I get from people on daily basis about what bank they should deposit their monies in and what bank is good for them. People contact me when they want to deposit monies at the banks to know of the various interests on the deposits.


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