Investors on the Ghana Stock Exchange to receive an increase on returns for 2019, managers reveal

The managers of the Ghana Stock Exchange (GSE) have assured investors on the GSE to expect a marginal increase on returns for 2019 after the local bourse recorded a negative performance in the preceding year.

Board Chairman of the GSE, Mr Albert Essien

According to the Board Chair of the GSE, Mr Albert Essien, far-reaching initiatives are being taken to improve the performance, relative to 2018.

He said, “The initiatives include preparation and adoption of a new strategic plan, irreversible steps towards the demutualization of the GSE, and plans to acquire a market surveillance system.”

In 2018, investors on the GSE received low returns as the general performance of the bourse dipped.

The GSE Composite Index which measures the performance of the entire market ended the year with a negative 0.29 percent compared to 52.7 percent recorded in December 2017.

Also, the GSE Financial Stock Index recorded a negative 6.79 percent compared to the positive 49.5 percent recorded at the end of 2017.

But the Board Chairman explained that the volume of shares traded for the year 2018 was 201 million shares valued at GH¢659 million compared to the volume and value of 322 million shares worth GH¢518 million respectively recorded in 2017.

On financial performance, he stated that the exchange recorded a surplus of GH¢11.97 million in 2018, a little lower than the surplus of GH¢12.37 million recorded in 2017.

He added that the GSE Reserve Fund also continued to grow. This growth will hence reflect the returns that will be paid to the investors for this year.

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Amazing transformation of 21-year-old man bullied for being born different (video)

Amazing transformation of 21-year-old man bullied for being born different (video)

Abel Mutua's movie makes over Sh4M in 5 days

Abel Mutua's movie makes over Sh4M in 5 days

How Janet Mbugua's husband Eddie landed Sh240 million deal with Chinese investors

How Janet Mbugua's husband Eddie landed Sh240 million deal with Chinese investors

5 things you should never do to please a woman

5 things you should never do to please a woman

British MP claims she didn't know her flat was owned by the Kenyatta family

British MP claims she didn't know her flat was owned by the Kenyatta family

Janet Mbugua's husband thrown at the centre of nasty fight at Ole Sereni Hotel [Video]

Janet Mbugua's husband thrown at the centre of nasty fight at Ole Sereni Hotel [Video]

Sh79,000 per month jobs for Kenyans without degrees

Sh79,000 per month jobs for Kenyans without degrees

Diamond Platnumz splashes Sh5.2 Million on new Gold & Diamonds Chain [Video]

Diamond Platnumz splashes Sh5.2 Million on new Gold & Diamonds Chain [Video]

Alikiba's Wife Amina reveals name of their 2nd born son for the first time

Alikiba's Wife Amina reveals name of their 2nd born son for the first time