GES ALL-Share made impressive gain
Unilever presents 2.23 billion cedis dividend to government
Accra (Greater Accra) 26 July 2001
The Ghana Association of Bankers, on Wednesday July 25, announced the following average inter bank exchange rates of the cedi to the dollar and derived rates for other major foreign currencies.
Currency Buying Selling
US Dollar 6,992.00 7,232.82
Pound Sterling 9,929.34 10,272.05
French Franc 931.45 962.70
Swiss Franc 4,053.95 4,190.96
Deutsche Mark 3,123.02 3,229.80
Canadian Dollar 4,549.32 4,701.60
Japanese Yen 56.28 58.18
Dutch Guilder 2,772.71 2,865.61
S/African Rand 850.91 878.84
Euro 6,109.23 6,314.66
CFA Franc 9.31 9.63
Naira 64.70 66.93
Ecowas/WAUA 8,827.98 ………..
GRi…/
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Accra (Greater Accra) 25 July 2001
The Ghana Stock Exchange All-Share Index, the benchmark indicator of the market, on Wednesday made an impressive gain of 4.46 points as against a heavy fall at the previous close.
The index rose at 937.04 points as against 932.58 points on Monday, reversing to its past weeks' marginal gains.
Total shares traded, however, dropped significantly again at 13,400, as against 38,500 at the previous session, almost three times down, whilst the market continued its struggle under heavy bearish sentiments.
In all, eight equities traded shares with Ghana Commercial Bank (GCB) and Unilever Ghana Limited (UNIL) selling 4,000 shares each, as the highest.
The only two positive price changes recorded, stood in the names of Ghana Commercial Bank (GCB), 50 cedis to close at 1,600 cedis and Mobil Oil Ghana Limited (MOGL), also 50 cedis to close at 19,650 cedis.
Market capitalization appreciated marginally to close at 3,793.92 billion cedis as against a 3,785.47 billion cedis.
ABL 630
AGC 18,500
ALW 12,100
BAT 550
CFAO 60
EIC 2,890
FML 870
GBL 1,300
GCB 1,600 50
GGL 900
HFC 952
MGL 240
MLC 130
MOGL 19,650 50
PAF 520
PBC 450
PZ 640
SCB 21,000
SPPC 350
SSB 2,300
UNIL 1,820
CMLT 425
GRi…/
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Accra (Greater Accra) 26 July 2001
Unilever Ghana Plantations on Wednesday presented two cheques, totalling 2.230 billion cedis as dividend to the government for its shareholdings in the Benso and Twifo Oil Palm Plantations.
The dividend from government investment in BOPP stood at 1.7 billion cedis while that from TOPP amounted to 521.1 million cedis.
The Unilever Plantations Director, Mr Kwame Addae said the company's huge investment of 1.5 million dollars and good management had turned it around into a viable venture.
He said the plantation currently employs 1,200 people and offers indirect opportunities to 40,000 others through its out growers and smallholder schemes.
Mr Addae said the company was also alive to its social responsibility, creating wealth and investing in social amenities such as schools and hospitals in the communities.
The Minister of Finance, Mr Yaw Osafo-Maafo congratulated the company on its the good performance.
He said it is the vision of the government to turn Ghana into a leading agro-based industrial country by the year 2010, and the private sector has an important role to play in this development.
GRi…/
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