Accra (Greater Accra) 23 March 2002- The GSE All-Share Index made a big leap on Friday as market capitalisation crossed the 4,000 billion cedis mark. Five equities gained during trading on Friday as the bourse sold 868,600 shares pushing market capitalisation to 4,000.73 billion cedis.
The GSE All-Share index, which crossed the 1,000-point mark on Wednesday, gained an impressive 11.55 points at 1,015.85 points from Wednesday's close of 1,004.30 points. Change for the year also went up to 6.27 per cent from 5.06 per cent. On the broader market, there were five price changes, all positive.
Ghana Commercial Bank (GCB) led the way with a 15-cedi gain at 1,680 cedis. Accra Brewery Limited (ABL) was up by two cedis at 323 cedis while British-American Tobacco, SSB Bank and Unilever (Unil) gained one cedi each at 637, 2,704 and 2,901 cedis in that order. Total shares traded jumped to 868,600 from 120,100 shares with BAT accounting for 750,300 shares.
The following are the closing prices of the equities in cedis:
ABL 323 +2
AGC 18,800
ALW 4,300
BAT 637 +1
CFAO 60
EIC 3,121
FML 950
GBL 1,000
GCB 1,680 +15
GGL 910
HFC 950
MGL 250
MLC 147
MOGL 18,550
PAF 750
PBC 450
PZ 1,100
SCB 20,500
SPPC 350
SSB 2,704 +1
UNIL 2,901 +1
CMLT 430
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Accra (Greater Accra) 23 March 2002- The Export Development and Investment Fund (EDIF) on Friday announced that it was now in a position to consider applications from exporters to access the fund.
A statement in Accra signed by Mr T. K. Obeng, Chief Executive, said banks, which were designated as financial institutions (DFIs) were now issuing application forms to their customers, who were qualified, to access the Fund.
EDIF was established to provide financial resources for development and promotion of exports. EIDF grants soft loans carrying low interest rates and the purpose is to enhance exporters' competitiveness in order to increase the volume of Ghana's exports.
Loans from the Fund are exclusively for exporters and producers of export goods. The statement said the Banks and EDIF would evaluate the completed applications.
"The Banks working in partnership with the EDIF are anxious to ensure the success of the scheme," the statement said. It added that beneficiaries of EDIF loans were expected to repay the loans on schedule to sustain the Fund and contribute effectively to the country's export trade.
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