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An Introductory Guide to Stock Trading in Ghana

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Welcome to the stock market carnival, where each move seems like a thrilling journey on a financial rollercoaster. Stock trading, also known as equity trading, is your passport to the thrilling experience of buying and selling shares in publicly listed firms. In Ghana, everything revolves around the Ghana Stock Exchange (GSE), our own playground for those willing to trade stocks and fulfill financial aspirations. So saddle up and prepare for a wild trip as you explore the fundamentals of stock trading in the country of gold and cocoa.

Understanding the Ghana Stock Exchange (GSE)

The Ghana Stock Exchange (GSE) is more than simply a marketplace; it’s a thriving hub where shares, bonds and a slew of other financial assets find new homes every day. The GSE, established in 1990, is more than simply a place to buy and sell; it is the motor that drives capital into businesses and fuels hopes of financial achievement. And, guess what? It’s all under the cautious eye of Ghana’s Securities and Exchange Commission (SEC), which ensures that our financial playground remains fair, transparent and entertaining.

Getting Started with Stock Trading

Before you begin surfing the waves of the stock market and start trading stock indices, make sure you have your swim trunks and goggles ready. Spend some time dipping your toes into the pool of financial knowledge. Explore several methods like a kid in a candy store to get a sense of the highs and lows of the market rollercoasters. And don’t forget to establish goals. Whether you want to compete in the financial Olympics or simply play in the kiddie pool, having a strategy can help you stay afloat in the market’s rough seas.

Opening a Brokerage Account

Welcome to the first stage of your stock trading career on the Ghana Stock Exchange. Consider creating a brokerage account like selecting a dancing partner: you want someone who is dependable, competent and knows the correct movements. So go around for a brokerage business that checks all of your criteria. Examine their rates, listen to their customer service vibes and determine whether their trading platform has the beat you’re searching for. Once you’ve discovered your match, it’s as simple as following their lead—just complete your paperwork and you’ll be on the dance floor of the stock market in no time.

Researching Stocks

Buckle up as it’s time to go into the fine gritty of effective trading. It’s not enough to choose stocks at random; you also need to do your homework. Begin by looking into a company’s finances like a detective, sifting through earnings reports and balance sheets for hidden treasures. But do not stop there. Get technical—analyze those charts like a seasoned specialist, identifying trends and patterns that others may overlook. When you mix the art of fundamental analysis and the science of technical analysis, you’ll be trading like a pro in no time.

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Placing Trades and Managing Investments

After you’ve done your research and selected your winning stocks, it’s time to make some decisions. Start up your brokerage account’s trading platform and prepare to plunge in. Whether you want to purchase low or sell high, your broker’s platform has you covered. Keep a careful check on your assets and remain current with market trends and business news. Don’t forget to play it intelligently by using stop-loss orders to safeguard your winnings and diversifying your assets across industries. With a little wisdom and a sense of humour, you’ll be trading like a pro in no time.

Navigating Market Volatility

Prepare yourself for the ups and downs caused by everything from economic data to global news stories. While volatility may lead to significant rewards, it can also throw you off if you’re not vigilant. Remember, it’s all about thinking long-term and resisting the impulse to respond to every market fluctuation. Maintain your composure, adhere to your investing strategy and explore tactics such as dollar-cost averaging to smooth out any bumps along the road. With a steady touch and a bit of wit, you’ll master the twists and turns.

Continuous Learning and Improvement

It’s more than just buying and selling; it’s a journey of continuous development and adaptability. Accept any chance to learn, whether through workshops, seminars, or online resources. Stay informed on global market trends and how technology and laws are influencing the landscape. Remember, being ahead of the game is essential for understanding the stock market. So dig in, absorb knowledge like a sponge and prepare to surf the waves of Ghana’s thriving stock exchange with confidence and finesse.

Conclusion

The fascinating world of stock trading in Ghana offers investors the opportunity to ride the wave of the country’s economic progress and convert their capital into long-term profit. But, before you go in headlong, let’s look at what it takes to flourish on the thriving Ghana Stock Exchange (GSE). You’ll be well-prepared to tackle the stock market and achieve your financial goals if you learn the basics, select the correct brokerage and remain on top of your investing strategy. So saddle up and prepare for an exciting ride into the heart of Ghana’s financial environment.

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Mr Elton Afari joins EU Ambassador H.E Irchad Razaaly, Reiss & Co. CEO, Jeff Sowah, others at Entrepreneurship with Bola Ray

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Chief Executive Officer of Equity Health Insurance, Elton Fedrick Afari has been honored together with other mentors at the prestigious ‘Entrepreneurship with Bola Ray’ closing event. (more…)

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Glovo closes its operations in Ghana

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Glovo, the multi-category platform which has been operating in Ghana since 2021, announces that it will cease its operations in the country effective May 10th, 2024.

“Following a reassessment of the company’s investment priorities, Glovo has decided to cease operations in Ghana by May 10, 2024. Glovo will focus on growing and strengthening its position in other African countries. We thank our teams, partners and riders in the country for the dedication to growing Glovo in Ghana over the last years.” said Dima Rasnovsky, Regional General Manager Glovo Africa 

To the local team, Glovo is committed to offer severance pay that exceeds the legislative minimum. All couriers, partners, and customers will be informed about the closing and receive relevant communication from Glovo.

Africa is one of the key regions for Glovo operating in Ivory Coast, Kenya, Morocco, Nigeria, Tunisia, and Uganda. The company remains committed to its operations in the remaining countries where it currently operates and believes that this decision will strengthen the platform’s position in the other markets.

Glovo is a pioneering multi-category app connecting users with businesses, and couriers, offering on-demand services from local restaurants, grocers and supermarkets, and high street retail stores. Founded in 2015 in Barcelona, it operates across 23 countries in Europe, Central Asia and Africa.  

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Why Visiting a Physiotherapist Is Not an Alternative but a Necessity?

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Most of us are unaware we must visit a physiotherapist for proper healing. When we sustain an injury, we see a doctor for treatment. We expect he will recommend medicine and some exercises to relieve the pain. But at times, that may not be enough. You may need to visit a physiotherapist for your injury and pain. If you are not sure whether to see a physiotherapist or not, then look out for the below symptoms so that it becomes easier for you to take the call:

  • You are experiencing a recurrent injury.
  • Your overall mobility has gone down over the years.
  • You are suffering from arthritis or osteoarthritis.
  • You are at a risk of developing neck and lower back pain.

If you are experiencing any of these symptoms, you should book your appointment with a reliable physiotherapist immediately. Find out what the leading Brampton physiotherapists are. You can ask your friends and colleagues to recommend one or search online to find out who the most sought-after physiotherapists in your region are.

Why visit a physiotherapist at the earliest?

Physiotherapists are trained medical practitioners who can help improve your posture, physical health and overall fitness. Don’t you want to play your favourite sport without the fear of affecting your physical fitness? If yes, eliminate that nagging pain and improve your health immediately. Physiotherapists are experts at injury assessment, treatment, and management.

• Recurrent injury: If you repeatedly deal with the same injury, you should visit the physiotherapist as soon as possible. Let him assess the injury and suggest a treatment that will help to identify the underlying cause and help you recover from it as well. It would help if you got expert medical advice at the right time so that the pain you are experiencing today becomes a problem of yesterday.

• Your injury keeps you from exercising: If you cannot exercise because of the pain, you should visit the physiotherapist immediately. You must address the pain immediately so your health improves and you can exercise daily. Anything stopping you from carrying out your daily activities should be addressed. If you ignore them now, your health will deteriorate in the long run. There is nothing much that you can do.

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• Long-term ailments like arthritis or osteoarthritis require proper medical attention and care: Joint replacement is not always the solution to arthritis. If you book a session with the physiotherapist at the right time, you can better deal with the pain. Regular physiotherapy sessions will increase your mobility and flexibility; even before you know it, the pain will have subsided. For strong muscles and better flexibility, physiotherapy is quite effective.

• Suffering from work-related injury: If your job requires you to stand for long hours or sit before the computer for 8 to 10 hours daily, you will be at risk of certain types of injury. You will find that neck and shoulder pain has become a part of your life. Lower back pain is not far away. The only way to deal with these pains is through regular sessions at a Brampton physical therapy clinic.

Summing it up:

When you visit a physiotherapist, he will conduct an in-depth assessment to understand your problems better. He will carry out a detailed check-up before recommending treatment. You must clearly explain the situation you are experiencing so that he can address the issue correctly. Answer all the questions transparently. If both of you agree, it will be easier to suggest the proper treatment. What are you waiting for? Go ahead and book your session with a leading physiotherapist right away.

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Vivian Boateng Receives Franchisee Award of the Year at 2024 CrEd Connect in Kenya

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Vivian Boateng, the esteemed Founder and CEO of Vivies Dance and Theatre Academy and Head of Creative Education International (CrEd) in Accra, was honored with the prestigious franchisee award of the year at the 2024 CrEd Connect event held in Kenya on Saturday, 27th April.

Vivian Boateng’s dedication to advocating for personal development through dance and theatre for children and young people over the past decade has been recognized on a global scale. Her Theatre and Dance Academy has been a beacon of empowerment, having trained thousands of young individuals in schools and at her academy. Through her programs, she has instilled essential 21st-century skills such as confidence building, critical thinking, communication, collaboration, and creativity in her students.

The 2024 CrEd Connect event brought together CrEd Directors, Heads and trainers from South Africa, Kenya, India, Morocco, Ireland and Nigeria to celebrate and discuss the partnership between Creative Education International and Trinity College London. CrEd International remains at the forefront of creative arts education in Africa, offering innovative programs and resources aimed at unlocking the creative potential of students across the continent.

Trinity College London, an esteemed international exam board with a legacy dating back to 1870, focuses on assessments in music, drama, English language, and more. The collaboration between Creative Education International and Trinity College London signifies a shared commitment to helping students worldwide achieve their full potential through creative arts education.

Vivian Boateng’s recognition as the franchisee award recipient of the year is a testament to her unwavering dedication to nurturing talent and fostering personal growth through the arts. Her impact extends beyond borders, inspiring a new generation of creative thinkers and performers to realize their dreams.

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First Atlantic Bank is Digital Bank of the Year

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First Atlantic Bank Limited has solidified its position as a frontrunner in Ghana’s banking sector, earning the prestigious title of Digital Bank of the Year at the recent Ghana Fintech Awards 2023 in Accra. The bank’s commitment to digital innovation and its outstanding performance in a competitive market were recognized by industry experts and stakeholders. In addition to the top honor, First Atlantic Bank was also presented with the Banking Innovative Product of the Year (SME/Corporate) award for its Corporate Pay solution. These accolades underscore the institution’s dedication to delivering cutting-edge banking solutions tailored to the needs of its diverse customer base.

The recognition comes amidst a period of sustained financial growth for First Atlantic Bank. In a noteworthy financial achievement, First Atlantic Bank, one (1) of the five (5) profitable banks in 2022, surged ahead in 2023 with a remarkable GH¢323 million profit before tax, showcasing an impressive 1373% increase from the prior year. This impressive performance is attributed to robust operating income, which soared from GH¢0.52 billion in 2022 to GH¢1.04 billion in 2023, reflecting a significant expansion in the bank’s revenue streams.

Key drivers of the bank’s financial success include a strategic focus on lowering the cost of funding, which contributed to a Net Interest Income of GH¢663 million, representing a 61% year-on-year increase. Moreover, the bank’s Net Commission and Fees reached GH¢124 million, a notable 30% rise from the previous year.

First Atlantic Bank’s strong financial performance is further underscored by its robust balance sheet, posting an increase in shareholders fund of 1.26 billion cedis in 2023. This is an increase of 30% from 969 million cedis in 2022, reaffirming the institution’s financial stability and resilience.

The accolades received by First Atlantic Bank extend beyond the national stage, with the institution recently earning recognition as the Best Prepaid Card Bank in Ghana by Onafriq, a leading pan-African payments company. This acknowledgment highlights the bank’s efforts to promote financial inclusion and gender equality through innovative digital payment solutions.

Commenting on the achievements, a spokesperson for First Atlantic Bank emphasized the institution’s unwavering commitment to driving digital transformation and delivering superior banking experiences to its customers. “These accolades reaffirm our position as a leader in digital banking and underscore our dedication to innovation, financial excellence, and customer-centricity,” the spokesperson stated.

As First Atlantic Bank continues to chart a course of innovation and growth, it remains poised to redefine the banking landscape in Ghana and beyond, setting new standards for excellence and customer satisfaction in the digital era.

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Wizkid’s subtle jab at Don Jazzy sparks social media storm

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Nigerian music star Wizkid has caused a stir on social media with his indirect jabs aimed at Mavin Records label boss Don Jazzy. (more…)

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