Ghana Stock Exchange remains
quiet
Agona Nkwanta (Western
Region) 31 October 2002- Farmers in the Ahanta West District have decided to
develop 'birds eye pepper', cassava and okra for export. They announced this at
a day's export awareness programme organised by the Ghana Export Promotion
Council (GEPC) and the District Assembly at Agona Nkwanta on Wednesday.
The farmers said they
chose the three crops because the district had comparative advantage in their
cultivation. Speaking at the function, Sam Ayesu, Deputy Director of the GEPC,
advised the farmers to work with the Ministry of Food and agriculture (MOFA) to
achieve their objective.
He said the Council,
in conjunction with the MOFA, would assist the farmers to set up nurseries for
birds eye pepper. Ayesu said the country was exporting some 200 non-traditional
products, and asked the District Assembly to provide marketing centres for the
three additional products.
Ayesu said the export
awareness programme had been held in ten districts and that it was meant to whip
up farmers' interest in the export of non-traditional export products. Gerald
Nyarko-Mensah, a director of GEPC in-charge of the General Promotion Division,
called on district assemblies to support farmers in their areas to improve the
cultivation of crops in which they have comparative advantage for export.
He said the Council
would also make proposals for the development of non-traditional export crops
selected by farmers. Kofi Essien, Western Regional Manager of the GEPC advised
farmers, who want to export their produce to form associations.
This, he said, this
would enable them to benefit from the Export Development and Investment Fund,
which became operational in July 2001, as well as other credit facilities from
the Ghana Commercial Bank, Agricultural Development Bank, Ecobank and
non-financial institutions such as the EMPRETEC Foundation. Essien said
recognisable groups engaged in export-oriented activities are better placed to
benefit from the fund.
GRi…/
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Accra (Greater Accra)
31 October 2002- The Ghana Stock Exchange (GSE) remained quiet on Tuesday with
the main indices barely moving. The GSE All-Share Index, the main market
indicator, inched up by only 0.66 points to close trading at 1,339.76 points
from 1,339.10 points.
Change for the year
was up at 40.15 per cent from 40.08 per cent while market capitalisation was up
at 4,939.65 billion cedis from 4,930.35 billion cedis. Total shares traded
increased to 109,900 from 9,500 shares.
In the broader market,
there were two price changes. Guinness Ghana Limited (GGL) gained 10 cedis at
980 cedis and Unilever was up by two cedis at 4,314 cedis.
The following are the
last prices of listed equities in cedis:
ABL
380
AGC 18,807
ALW 3,800
BAT 1,001
CFAO 67
EIC
4,526
FML
1,690
GBL 500
GCB 3,510
GGL 980 +10
HFC 955
MGL 254
MLC 270
MOGL
19,721
PAF 750
PBC 390
PZ 2,000
SCB 28,000
SPPC 387
SSB 3,953
SWL 285
UNIL 4,314
+2
CMLT
460
GRi…/
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