Four Persons Arrested for Selling Coins
Accra (Greater Accra) 1st June ’99
Trading on the stock market opened the week on Monday exhibiting negative sentiments as the Ghana Stock Exchange (GSE) All-Share Index marked time again.
None of the 21 listed equities registered any price change with the index remaining at 819.14 points. The index, the main market indicator, lost 0.17 points on Friday, while the change in the year to date stood at negative 5.67 per cent.
Total shares traded ended at 31,400 shares, down from Friday's 366,110 shares.
Shares of only nine equities were sold with Guinness Ghana Limited (GGL) selling the highest of 10,000 shares followed by Ghana Commercial Bank (GCB) with 5,000 shares. British-American Tobacco (BAT) sold the lowest number - 300 shares.
Offers went down from 3.1 million shares to 2.2 million shares while bids were also lower at 1,021,100 down from 1,369,710 shares at the previous trading.
Market capitalisation did not register any change as it remained at 3,321.05 billion cedis.
The following are the last prices of listed equities in cedis:
ABL 650
AGC 18,700
ALW 2,800
BAT 380
CFAO 50
EIC 2,000
FML 1,250
GBL 1,900
GCB 1,000
GGL 935
HFC 750
MGL 225
MLC 220
MOGL 16,800
PAF 340
PZ 850
SCB 23,900
SPPC 244
SSB 1,664
UNIL 1,735
UTC-E 125
GRi../
American Firms to Deal Directly with Farmers - GNAFF
Nsakye(Eastern Region) 1st June '99
Mr Bismarck Nettey, President of the Ghana National Association of Farmers and Fishermen (GNAFF), on Friday said American firms have expressed interest in dealing directly with Ghanaian farmers in determining prices for their crops.
He said determining market prices for crops such as pineapple, cassava and maize through middlemen, deny farmers the real value for their produce.
Mr Nettey said this at Nsakye in the Eastern region at a forum to sensitise farmers on the need to form a body to facilitate access to loans from the banks.
He explained that loans are not given to individual farmers but to recognised groups that operate under the GNAFF.
Mr Nettey said the Ministry of Food and Agriculture has lined up a number
of projects to help farmers and fishermen to effectively utilise resources to improve their profit margin.
The Agriculture Sector Investment Project (ASIP) has put in place a mechanism to process crops that are perishable and get immediate market for them, he said.
Mr Aaron Ohene, interim chairman of the Nsakye branch of GNAFF, said the
main problem facing the farmers in the area is that of financial and marketing,
adding that crops sometimes go bad because there are no buyers for them.
GRi../
Four Persons Arrested for Selling Coins
Accra (Greater Accra) 1st June '99
Four persons, including a 74-year-old man, were on Friday arrested by the Police for selling coins within the Accra metropolis.
A statement issued by the Public Relations Directorate of the Ghana Police
in Accra named the arrested persons as George Asong, 74, Francis Amponsah, 38,
Thomas Kwame, 21, and Kweku Sei, 25.
The four were arrested at the Kingsway area and Tema Station.
It said the arrest followed public concern broadcast on Radio Gold "about
the illegal trade within the metropolis".
The statement warned members of the pubic that it is an offence to sell any
currency denomination in the country.
It, therefore, advised those involved in this illegal trade to put a stop
to it.
GRi../