Financial Literacy

Several firms in Ghana are emerging with the name CAPITAL. In advanced countries, CAPITAL normally refers to investment banking firm, Private Equity and Hedge funds. However, in Ghana most firms using the name CAPITAL are micro-finance institution with very few ones like Nimed Capital being investment banks. Investment…

The last time we spoke about mutual funds, we discussed equity mutual funds and provided a brief overview of the risk exposures in investing in equity mutual funds. Today, we’ll discuss the money market mutual fund, their risk exposures, when to invest in them and how to measure…

At the recent 28th Ordinary Session of the African Union (AU) Assembly in 30th January 2017, the Heads of States and Governments, within the continent, agreed to a Continental Free Trade Area agreement (CFTA). CFTA would enable all African States to trade among themselves freely, which if successfully…

A mutual fund is a type of investment product made up of funds collected or pooled from many investors for the purpose of investing in securities such as bonds, stocks and alternative assets. They are mainly managed by professionals and allow small investors to own a diversified portfolio…

Mega Africa Capital is an investment management company listed on the Ghana Stock Exchange. The company was established to provide investment management services for high net-worth individuals seeking exposure in African fast growing industries. Since its listing on the GSE in 2014, MAC’s share price has increased from…

The Government of Ghana recently issued a 5-yr bond at a yield of 18.75%, representing a 600bps decline from the earlier issue of 24.7%. The yield decline was in line with the general decline in treasury yields since beginning of year. We believe the decline in the 5-year…

On Tuesday, I talked about the ETI (Eco bank Transnational Incorporated). Today, our discussion would focus on the BOPP. BOPP (Benso Oil Palm Plantation) is an agro-processing company registered to undertake the business of processing and manufacturing of crude palm oil and palm kernel in Ghana. The company…

For quite a number of days now, I’ve observed how several investors have lost value by keeping their money in cedi denominated assets. The principal issue being the performance of the cedi has been poor in the last few years. However, there is little or no need to…

We anticipate a strong GDP growth in 2017 with associated drive for imports; it is believed that on-going developments will help keep the currency within our forecasted bandwidth. However, key risks to our forecast remain; the rise in the US federal fund rate, which could trigger portfolio flows…

In our last cover of mutual funds, we looked at the balance fund. The balance fund is a mutual fund that invests in stocks, bonds and money market instruments. Basically, think of the balance fund as a combination of an equity mutual fund and money market equity fund.…