04/05/2026
Godfred Odoom(FCCA,MPA,IIA):
BUSINESS NEWS | GHANA AND BEYOND 🌍 MAY 04, 2026
🚩Fan Milk PLC posted a strong first-quarter performance for 2026, with revenue rising by 33% year-on-year to GH¢321.6 million, from GH¢242.2 million in the same period of 2025. The Ghana Stock Exchange-listed dairy producer said profit before tax increased by 84% to GH¢61.2 million, compared with GH¢33.2 million a year earlier, reflecting stronger sales growth and improved gross margins. Profit after tax increased more modestly, rising to GH¢27.6 million, from GH¢24.1 million in the first quarter of 2025. Earnings per share improved to GH¢0.24, from GH¢0.21, based on 116.2 million shares outstanding.
🚩President John Dramani Mahama has announced plans to construct a new 1,200-megawatt gas-fired power plant as part of efforts to expand Ghana’s electricity generation capacity and meet rising demand. Speaking during the “Resetting Ghana” tour in the Eastern Region on Saturday, May 2, the President said the government will cut sod this year for work to begin on the project. According to him, the initiative forms part of a broader strategy to strengthen the country’s power sector by increasing generation and creating redundancy within the system.
🚩Kasapreko PLC has delivered a 55 per cent increase in profit for the first quarter ended March 31, 2026, driven by a sharp reduction in borrowing costs and a modest uplift in revenue. Profit of the Accra-based alcoholic and non-alcoholic beverages manufacturer, for the period, climbed to GH₵73 million from GH₵47.2 million in the same quarter last year, despite higher administrative expenses and impairment losses on financial assets. Revenue edged up to GH₵853.2 million from GH₵821.9 million in the prior year quarter, reflecting resilient demand across its portfolio of spirits, non-alcoholic drinks and export products.
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INTERBANK FOREX RATES 💴💰
US$GH¢ Buy 11.1844 Sell 11.1956
GB£GH¢ Buy 15.1014 Sell 15.1165
CHFGH¢ Buy 14.1664 Sell 14.1793
AUD$GH¢ Buy 7.9886 Sell 7.9966
CAD$GH¢ Buy 8.1784 Sell 8.1857
JP¥GH¢ Buy 0.0699 Sell 0.0699
NZDGH¢ Buy 6.5389 Sell 6.5470
ZARGH¢ Buy 0.6693 Sell 0.6696
EU€GH¢ Buy 13.0873 Sell 13.0992
CHN¥GH¢ Buy 1.6359 Sell 1.6370
GH¢CFA Buy 50.0761 Sell 50.1216
GH¢NG₦ Buy 122.7343 Sell 123.1463
💵Bloomberg USDGHS Cross Rate - 11.1901 (YTD - 🔻- 6.23%)
💰 SOCIETE GENERALE FOREX RATES 💵
US$GH¢ Buy 11.1500 Sell 11.3500
EU€GH¢ Buy 13.0410 Sell 13.2760
GB£GH¢ Buy 15.0470 Sell 15.3235
XOFGH¢ Buy 49.4100 Sell 50.3000
ZARGH¢ Buy 0.6644 Sell 0.6761
CHFGH¢ Buy 14.1355 Sell 14.3835
CNHGH¢ Buy 1.6316 Sell 1.6608
JP¥GH¢ Buy 0.0697 Sell 0.0709
GSE DAILY GAINERS ➖ PRICE ➖ %CHANGE
・ ZEN ➡️ Gh¢6.14 🔼+6.78%
・ MTNGH ➡️ Gh¢6.80 🔼+0.44%
・ GCB ➡️ Gh¢41.55 🔼+0.29%
・ GLD ➡️ Gh¢497.01 🔼+0.002%
🔻 GSE DAILY LOSERS ➖ PRICE ➖ %CHANGE
・ FML ➡️ Gh¢11.50 🔻-4.17%
・ TOTAL ➡️ Gh¢34.23 🔻-0.90%
・ ETI ➡️ Gh¢2.18 🔻-0.91%
・ EGL ➡️ Gh¢11.03 🔻-0.18%
・ RBGH ➡️ Gh¢5.57 🔻-0.18%
📈 SELECTED ETF PERFORMANCES
Vanguard Dividend Appreciation Index Fund ETF Shares (VIG)
~ $228.44 🔻-0.27 (-0.12%)
ProShares S&P 500 Dividend Aristocrats ETF (NOBL)
~ $107.67 🔻-0.73 (-0.67%)
Vanguard S&P 500 Value Index Fund ETF Shares (VOOV)
~ $215.75 🔻-0.20 (-0.09%)
Invesco QQQ Trust (QQQ)
~ $674.15 🔼+6.41 (+0.96%)
📊 LARGE CAP STOCKS - DAILY 🔻🔼%
NVIDIA (NVDA) $198.45 🔻 -0.56%
Alphabet (GOOGL) $385.69 🔼 +0.23%
Alphabet (GOOG) $383.22 🔼 +0.34%
Apple (AAPL) $280.14 🔼 +3.24%
Microsoft (MSFT) $414.44 🔼 +1.63%
Amazon (AMZN) $268.26 🔼 +1.21%
Taiwan Semiconductor (TSM) $397.67 🔼 +0.41%
Broadcom (AVGO) $421.28 🔼 +0.92%
Meta Platforms (META) $608.74 🔻 -0.52%
Tesla (TSLA) $390.82 🔼 +2.41%
JPMorgan Chase (JPM) $312.47 🔻 -0.24%
Walmart (WMT) $131.60 🔻 -0.25%
Berkshire Hathaway (BRK-A) $710,300.00 🔻 -0.22%
Berkshire Hathaway (BRK-B) $473.01 🔻 -0.12%
Eli Lilly (LLY) $963.33 🔼 +3.07%
Exxon Mobil (XOM) $152.75 🔻 -1.02%
Visa (V) $328.03 🔻 -0.55%
ASML Holding (ASML) $1,427.02 🔻 -0.83%
Micron Technology (MU) $542.21 🔼 +4.84%
Johnson & Johnson (JNJ) $227.19 🔻 -1.16%
Oracle (ORCL) $171.83 🔼 +6.47%
Bank of America (BAC) $53.24 🔻 -0.41%
Advanced Micro Devices (AMD) $360.54 🔼 +1.71%
Mastercard (MA) $516.65 🔻 -0.89%
Costco (COST) $1,011.70 🔻 -0.28%
📈 GSE EXCHANGE TRADED FUNDS ➖️ YEAR TO DATE%
· NewGold ETF ➡️ Gh¢497.01 🔼+3.54%
BOG GOLD COIN PRICING - (YTD 🔼🔻%)
1.00 oz ➡️ GH¢ 52,474.99 🔼+11.10%
0.50 oz ➡️ GH¢ 26,586.90 🔼+11.00%
0.25 oz ➡️ GH¢ 13,665.41 🔼+10.76%
🇬🇭 GHANA ECONOMIC INDICATORS
〽Inflation rate in Ghana ➡️ 3.20%
🏦Ghana Reference Rate ➡️ 10.06%
✳Monetary Policy Rate in Ghana ➡️ 14.00%
TREASURY RATES💸
91- Day Interest Rate 4.9233% 🔻-0.00%
182- Day Interest Rate 6.9715% 🔼+0.01%
364- Day Interest Rate 10.1968% 🔼+0.07%
🛢Petroleum Products (GOIL) - Price - YTD%
🏗Petrol - Gh¢13.3000/ltr 🔺️+4.80%
🛢Diesel - Gh¢17.1000/ltr 🔺️+29.35%
⛽LPG - Gh¢10.7100/kg
MARKET INDEXES 📈
Americas 🌎
🇺🇸 Dow Jones Industrial: 49,499.27 ▼0.31% (152.87)
🇺🇸 S&P 500: 7,230.12 ▲0.29% (21.11)
🇺🇸 NASDAQ Composite: 25,114.44 ▲0.89% (222.13)
🇺🇸 NYSE Composite: 23,041.15 ▼0.45% (103.49)
🇨🇦 S&P/TSX Composite: 33,891.18 ▼0.22% (73.15)
Europe 🇪🇺
🇪🇺 S&P Europe 350: 2,480.28 ▲0.05% (1.23)
🇪🇺 STXE 600 (EUR): 611.55 ▲0.04% (0.27)
🇪🇺 Euro Stoxx 50: 5,881.51 ▲0.00% (0.00)
🇬🇧 FTSE 100: 10,363.93 ▼0.14% (14.89)
🇩🇪 DAX Index: 24,292.38 ▲1.41% (337.82)
🇫🇷 CAC 40: 8,114.84 ▲0.53% (42.71)
🇪🇸 IBEX 35: 17,781.00 ▲0.78% (138.20)
🇳🇱 AEX-Index: 1,014.09 ▲1.70% (16.91)
Asia Pacific 🌏
🇯🇵 Nikkei 225: 59,513.12 ▲0.38% (228.20)
🇯🇵 TOPIX: 3,728.73 ▲0.04% (1.52)
🇭🇰 Hang Seng: 25,776.53 ▼1.28% (335.31)
🇨🇳 CSI 300: 4,807.31 ▼0.06% (3.04)
🌏 MSCI AC Asia Pacific: 256.64 ▲0.13% (0.33)
🇦🇺 FTSE All-Share (AUS): 5,557.81 ▼0.09% (4.97)
Middle East & Africa 🌍
🇿🇦 FTSE/JSE Africa Top 40: 107,229.40 ▲1.16% (1,229.90)
🇹🇷 BIST 100: 14,442.56 ▲0.92% (131.37)
🇸🇦 Tadawul All Share: 11,187.66 ▼0.45% (50.41)
🇳🇬 NGX All Share: 204,402.10 ▼0.73% (1,511.80)
🇰🇪 Nairobi All Share: 205.34 ▲0.47% (0.96)
🇮🇱 TA-35 Index: 4,425.03 ▲1.15% (50.22)
🇪🇬 EGX 30: 49,431.12 ▲0.85% (418.79)
Ghana
・ 🇬🇭 GSE Composite Index 15,130.52 🔼+32.30 (0.21%)
・ 🇬🇭 GSE Financial Index 8,839.41 🔻-13.39 (0.15%)
GSE INDEXES ⏸ YEAR TO DATE RETURNS%
・ GSE Composite Index 15,130.52 🔼+72.52%
・ GSE Financial Index 8,839.41 🔼+90.21%
GSE 2026 TOP GAINERS ➖ PRICE ➖ YTD%
・ SIC ➡️ Gh¢5.65 🔼+370.83%
・ RBGH ➡️ Gh¢5.57 🔼+328.46%
・ CLYD ➡️ Gh¢1.60 🔼+247.83%
・ EGL ➡️ Gh¢11.03 🔼+217.22%
・ ETI ➡️ Gh¢2.18 🔼+183.12%
・ GOIL ➡️ Gh¢7.91 🔼+167.23%
・ SCB ➡️ Gh¢71.38 🔼+144.28%
・ CPC ➡️ Gh¢0.12 🔼+140.00%
・ GGBL ➡️ Gh¢14.99 🔼+127.12%
・ GCB ➡️ Gh¢41.55 🔼+106.71%
・ EGH ➡️ Gh¢48.87 🔼+95.48%
・ ACCESS ➡️ Gh¢30.60 🔼+88.89%
・ MTNGH ➡️ Gh¢6.80 🔼+61.90%
・ BOPP ➡️ Gh¢85.50 🔼+53.17%
・ UNIL ➡️ Gh¢30.00 🔼+51.59%
・ FML ➡️ Gh¢11.50 🔼+43.75%
・ CAL ➡️ Gh¢0.90 🔼+40.63%
・ SOGEGH ➡️ Gh¢6.31 🔼+40.53%
・ ALLGH ➡️ Gh¢7.80 🔼+27.45%
・ ZEN ➡️ Gh¢6.14 🔼+22.80%
・ DASPHARMA ➡️ Gh¢0.41 🔼+7.89%
・ ADB ➡️ Gh¢5.30 🔼+4.74%
・ GLD ➡️ Gh¢497.01 🔼+3.54%
・ FAB ➡️ Gh¢7.97 🔼+3.37%
🔻 GSE 2026 TOP LOSERS ➖ PRICE ➖ YTD%
・ TOTAL ➡️ Gh¢34.23 🔻-15.07%
COMMODITIES MARKET 📦
Commodity Indices
📊 S&P GSCI: 5,851.98 (+182.79, +3.22%)
📊 Reuters/Jefferies CRB: 500.42 (+11.31, +2.31%)
📊 Rogers International Commodity Index: 5,732.24 (+110.06, +1.96%)
📊 Bloomberg Commodity Index: 357.24 (+5.56, +1.58%)
📊 UBS Bloomberg CMCI: 2,113.45 (+16.53, +0.79%)
Energy
🛢️ Brent Crude: 118.03 USD/bbl. (+6.77, +6.08%)
🛢️ WTI Crude Oil: 108.09 USD/bbl. (+1.21, +1.13%)
⛽ RBOB Gasoline: 375.35 USd/gal. (+1.24, +0.33%)
🔥 Heating Oil: 419.87 USd/gal. (+22.75, +5.73%)
⛽ Natural Gas: 2.64 USD/MMBtu (+0.01, -0.30%)
Precious & Industrial Metals
⚪ Platinum Spot: 1,893.85 USD/t oz. (+13.13, +0.70%)
🥇 Gold Spot: 4,554.75 USD/t oz. (+6.80, +0.15%)
🥇 Gold (Comex): 4,563.70 USD/t oz. (+2.20, +0.05%)
🟫 Copper: 593.55 USd/lb. (+0.25, +0.04%)
🥈 Silver: 72.06 USD/t oz. (+0.03, +0.05%)
AGRICULTURE 🌾
Grains
🌾 Wheat: 653.00 USd/bu. (+4.75, +0.72%)
🌾 Oats: 349.75 USd/bu. (+0.50, +0.14%)
🍚 Rough Rice: 10.91 USD/cwt (+0.04, +0.37%)
🌾 Canola: 763.90 CAD/MT (+16.00, +2.14%)
🌾 Soybean: 1,197.00 USd/bu. (+7.75, +0.65%)
🌽 Corn: 477.75 USd/bu. (+2.25, +0.47%)
🛢️ Soybean Oil: 74.12 USd/lb. (+1.60, +2.21%)
🛢️ Soybean Meal: 323.80 USD/T. (+3.60, -1.10%)
Softs
☕ Coffee: 290.70 USd/lb. (+0.00, +0.00%)
👕 Cotton: 79.20 USd/lb. (-0.47, -0.59%)
🍫 Cocoa: 3,410.00 USD/MT (+30.00, +0.89%)
🍬 Sugar: 14.77 USd/lb. (+0.54, +3.79%)
🍊 Orange Juice: 184.40 USd/lb. (+10.90, +6.28%)
Sources: Bank of Ghana, Bloomberg, GSE, Reuters, Citifm, Myjoyonline, Ghanaweb, Doobia, BBC, Graphic Business, B&FT, StarFmonline, Ghana News Agency, Norvan Reports.
Compiled By:
Prince Henry Danquah
Bora Capital Advisors Ltd.
+233(0)50-002-3155
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