GRi Economics, Business & Finance 24 –
12 - 2002
Ashanti Goldfields continues to soar on Accra bourse
About 140 Volta
Regional projects funded from HIPC fund
Gold, the
precious metal, is currently trading on the world market at 345 dollars an
ounce.
Ashanti
Goldfields rose by 2,000 to end trading at 22,000 cedis lifting the GSE All
Share Index, the main market gauge, up by 4.27 points.
The only
other equity that saw a price change, Guinness Ghana Limited, went up by four
cedis at 1,050 cedis.
Traded
volumes continued to be low, ending at 187,200 cedis, although considerably
higher than the 21,900 shares that changed hands on Friday.
AGC made
the gain despite only 100 shares of the equity changing hands. Aluworks sold
the highest number of 184,000 shares on a day that shares of only four out of
the 24 registered equities changed hands, as institutional investors continued
to adopt a wait and see attitude.
Market capitalisation now stands at 5,644.12 billion cedis, up
from 5,289.21 billion cedis on Friday. Change for the year is now 44.72 per
cent.
The
following are the last prices of listed equities in cedis:
ABL
390
AGC 22,000 +2,000
ALW 3,700
BAT 1,001
CFAO 67
EIC
4,600
FML 1,785
GBL 500
GCB 3,516
GGL 1,050 +4
HFC 955
MGL 254
MLC 270
MOGL
19,730
PAF 750
PBC 390
PZ 2,001
SCB 28,002
SPPC 387
SSB 3,966
SWL 285
TBL 4,850
UNIL
4,805
CMLT 460
GRi…/
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About 140
Tadzewu (Volta Region)
The Volta
Regional Deputy Minister, Mr Kofi Dzamesi announced
this at a reception organised in his honour at Tadzewu on Sunday.
He said
under the HIPC initiative, each of the 12 districts in the region has been
allocated one billion cedis in addition to the District Assembly Common Fund
for development projects.
Mr Dzamesi said the government was committed to assisting
indigenous businessmen including those in the rural areas to enable them also
create conditions for improved living conditions in those areas.
He
explained that the adoption of HIPC by government was simply to give the
country a breather in the payment of its debts and through such savings promote
development and productivity.
GRi…/
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