Ghana Stock Exchange profit up GHC7 million

From GHS 5,377,510 for 2016, the Ghana Stock Exchange recorded a profit of GHS12, 368,456 for the year ending 31 December 2017, an improvement of GHS6,990,946.

The jump in profit translates to 130 % increase.

At its Annual General Meeting (AGM) in Accra, GSE Chairman, Albert Essien, said: “Composite Index (GSE-CI) which measures the performance of the entire market recovered from its negative trend in 2016 to end the year strongly with 52.73% compared with the (-15.33%) recorded at the end of 2016”.

“The GSE Financial Stock index (GSE-FI) also recorded a positive gain of 49.51% compared to a negative (-19.93%) recorded at the end of 2016.”

He added that: “Market capitalisation for all listed securities at the end of December 2017 was GHS58.8 billion compared to GHS52.7 billion in 2016 representing an increase of 11.48%”.

“Domestic market capitalisation also gained 45.23% ending December 2017 at GHS16.2 billion compared to GHS10.9 billion at the end of December 2016.”

 

Source: classfmonline.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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