AMA withdraws case against Ghana Telecom
Traded Volumes picked up on the bourse
AMA withdraws case against Ghana Telecom
Accra (Greater Accra) 11 January 2001
The Accra Metropolitan Assembly (AMA) on Wednesday said it would no longer close down Ghana Telecom payphone booths in the metropolis for non-payment of property ownership permit.
Mr. Elliot Adom, Public Relations Officer of the AMA, who disclosed this to the GNA in an exclusive interview in Accra, said the decision to discontinue the closure was taken after a meeting between the management of the two bodies.
He said the matter has been resolved amicably.
The AMA last year embarked on the closure of phone booths belonging to the Ghana Telecom. However the then Minister of National Security, Mr. Totobi Quakyi, intervened to suspend the closure on the grounds that it would pose a security threat in the wake of efforts to solve the serial killing of women.
However, the AMA decided to close down the booths again after Ghana Telecom indicated its intention not to honour any obligation to the assembly.
GRi…/
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Traded Volumes picked up on the bourse
Accra (Greater Accra) 11 January 2001
A total of 484,500 shares changed hands at Mid-week trading on the Ghana Stock Exchange, an increase from the previous trading session which saw only 12,200 shares traded.
The rally was led by advancing SSB Bank, which sold 479,200 shares with eight other equities selling a mere 5,300 shares.
The GSE All-Share Index, the key stock gauge, also advanced 0.13 points on the back of a 50-cedi gain by Enterprise Insurance Company (EIC) to close trading up at 861.89 points compared to 861.76 points on Monday, although market activities picked up.
Offers were up at 800,940 shares from 744,470 on Wednesday.
Bids rose significantly from 33,400 shares to end trading at 508,800 shares.
Market capitalisation inched up at 3,662.45 billion cedis compared to 3,662.20 billion.
In the broader market, there was one price change. EIC gained 50 cedis to close at 2,850 cedis.
The following are the last prices of listed equities in cedis:
ABL 630
AGC 18,600
ALW 4,500
BAT 400
CFAO 53
EIC 2,850 +50
FML 850
GBL 1,350
GCB 1,515
GGL 900
HFC 952
MGL 200
MLC 135
MOGL 18,600
PAF 260
PBC 503
PZ 400
SCB 21,500
SPPC 265
SSB 2,080
UNIL 1,600
CMLT 425
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Accra (Greater Accra) 11 January 2001
The Ghana Association of Bankers on Wednesday released the following average inter bank Exchange Rates of the cedi equivalent to the dollar and derived rates for other major foreign currencies:
Currency Buying Selling
US Dollar 6,789.36 7,009.82
Pound Sterling 10,088.31 10,419.40
French Franc 973.33 1,004.93
Swiss Franc 4,194.37 4,328.79
Deutsche Mark 3,264.40 3,370.45
Canadian Dollar 4,538.97 4,684.14
Japanese Yen 58.36 60.23
Dutch Guilder 2,897.27 2,991.33
S/ African Rand 878.76 905.81
Euro 6,385.41 6,590.80
CFA Franc 9.73 10.05
Naira 67.87 29.58
Ecowas/WAUA 8,90.19 ----------
GRi…/
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