MOFEP -- Ministry of Finance and Economic Planning
FINANCIAL NEWS
Interest Rates / 18 August , 2008
Average Currency Movements Against the Cedi
Bank of Ghana Prime Rate
17.00%
Currency
7/7/08
21/7/08
4/8/08
11/8/08
Govt. of Ghana 91-day T-Bill
24.16%
USD  
1.0256
1.0361
1.0667
1.07325
Govt. of Ghana 182-day T-Bill
25.76%
GBP  
2.0237
2.0642
2.1005
2.0571
Govt. of Ghana 1-yr Note
20.00%
CAD  
1.0026
1.0312
1.0366
1.0062
2-year Fixed Rate Bond
21.00%
JPY  
0.0096
0.0097
0.0099
0.0098
3-year Fixed Rate Bond
16.00%
RAND  
0.1325
0.1364
0.1476
0.1385
5-year Fixed Rate Bond
15.00%
EUR  
1.6023
1.6448
1.6634
1.6062
-
-
CFA  
409.48
397.40
394.53
408.54
28 day bill
  -  

56 day bill
  -  
  
Inflation:
Benchmark Currency Rates
Commodities (Futures)
March 2008
13.79%
    
USD
EURO
JPY
GBP
18/8/2008
Previous Price
Current Price
Price Change
April 2008
15.29%
GBP
0.5355
0.7885
0.0049
   -    
Gold
$869.7/oz
$803.20
($66.5)
May 2008
16.88%
JPY
110.19
162.25
   -   
205.79
Cocoa
$2721/mt
$2608
($113)
June 2008
18.41%
EURO
0.6791
   -   
0.0062
1.2683
Coffee
$140.20/lb
$137.15
($3.05)
July 2008
18.31%
USD
   -   
1.4725
0.0091
1.8676
Crude Oil
$114.26/lb
$112.99
$8.73

Base Rates
Brewery Stocks
  
Barclays Bank
25.75%
Equities
LP(¢)
PC(¢)
ST
Equities
LP (¢)
PC(¢)
ST
Merchant Bank
24.5%
CAL Bank
0.70
0.00
300
Ecobank
4.63
0.01
354.300
Standard Chartered Bank
25.74%
Enterprise
2.64
0.01
700
ETI
0.47
0.00
0
Agriculture Dev. Bank
23.5%
GCB
1.35
0.00
0
HFC Bank
0.62
0.00
400
ECOBANK
25%
SCB
37.05
0.00
0
SCB PREF
0.52
0.00
0
Ghana Commercial Bank
23.5%
SG-SSB
1.35
0.00
0
Trust Bank
1.33
0.00
0
SG-SSB
20.75%
SIC
0.63
0.00
500
Camelot
0.16
0.00
0
National Investment Bank
25.5%
Clydestone
0.08
0.00
0
Sam Woode
0.03
0.000
0
Prudential Bank
19.5%
SPPC
0.08
0.00
0
Transol
0.11
0.00
0
First Atlantic Merchant Bank
25.5%
Aluworks
0.62
0.00
0
CFAO
0.04
0.00
0
CAL Bank Ltd
24.75%
MLC
0.21
0.00
0
PKL
0.07
0.00
0
International Commercial Bank
24.50%
PZ Cussions
0.94
0.00
0
Unilever
3.00
0.00
1,900
Metropolitan & Allied Bank
-
BOPP
1.36
0.00
400
UNIBANK
25.5%
CPC
0.05
0.00
0
Golden Web
0.05
0.00
0
The Trust Bank
23%
PBC
0.22
0.00
0
AGA
30.00
0.00
0
Amal Bank
24.50%
AADS
0.35
0.00
0
Golden Star
3.10
0.00
0
HFC Bank
25.75%
Goil
0.40
0.00
600
Volume of Trade

565,500
Stanbic Bank
23.74%
Accra Brewery
0.12
0.00
0
Market Cap.
GH¢
17,845.13
United Bank for Africa
23.25
Fan Milk
4.62
0.02
100
Zenith Bank
25.25%
GGBL
2.31
0.00
4,200
UP

3.29
points
GT Bank
24.1%
Total
6.17
0.00
0
Fidelity Bank
25.7%
Ayrton Drugs
0.16
0.00
0
Index
10,629.58
points
Intercontinental Bank
25%
Starwin
0.05
0.00
0
Change
year to date
Aug. 18
61.06%

EXCHANGE RATE (Average Currency Movement)
12-August-08
Interbank Market
Forex Bureau Rates
12-August-08
Buying
Selling
Buying
Selling
GBP/USD X-Rate (Average)
12-August-08
USD
1.0756
1.1112
1.0866
1.1168
International Market
1.9033
GBP
2.0697
2.1096
2.1045
2.1618
Interbank Mkt Transaction
1.9120
EUR
1.6284
1.6708
1.5209
1.7118
Forex Bureau Mkt
1.9351

COMMODITIES
06-12 August, 2008
Current Price($)
Previous Price($)
Price Change($)
06-12 August, 2008
BID
ASK
MID
Cocoa (per tonne)
2,738.00
2,833.00
(95.00)
Gold (Current)
850.89
851.87
851.38
Brent($/bbl)
114.40
122.63
(8.23)
Gold (Previous)
900.27
895.55
897.91
OPEC ($/bbl)
112.56
119.96
(7.40)
Price Change
-49.38
-43.68
-46.53
Credit - Daily Graphic

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