Tag: Derrick Mensah

Moody’s changes Ghana’s outlook to negative, B3 rating affirmed

Moody's Investors Service has affirmed the Government of Ghana's long-term local and foreign currency issuer and foreign currency senior unsecured bond ratings at B3 and changed the outlook to negative from positive. Derrick Mensah, Portfolio Manager at IC Asset Managers joins CNBC Africa for more.

Outlook for Ghana’s equities market in Q4

Ghana’s equities market has declined by 14.1 per cent year-to-date. Meanwhile, the country’s Apex Bank says it has spent 10.7 billion cedis for the cleaning up of the financial sector. For an outlook on Ghana’s economy in the last quarter of the year, Portfolio Manager at IC Asset Managers, Derrick Mensah joins CNBC Africa for more.

GSE eyes demutualisation by year end

The Chairman of the Council of the Ghana Stock Exchange (GSE), Albert Essien, says consultations are ongoing to change the legal status of the Ghana Stock Exchange from a non-profit member-based organisation to a profit-making organisation with share ownership structure by the end of the year. Derrick Mensah, Portfolio Manager at IC Asset Managers joins CNBC Africa for more.

Ghana’s equities market review

Ghana’s local bourse has lost 7 per cent year to date. Derrick Mensah, Portfolio Manager at IC Asset Managers joins CNBC Africa to discuss factors that would shape this week’s trading activities.

Unpacking Menzgold saga

Ghana’s Police have confirmed the arrest of the Chief Executive Officer of Menzgold, Nana Appiah Mensah by Emirati officials in Dubai. This follows an issue of a warrant of arrest of an alleged Ponzi scheme by his firm. Menzgold’s operations involved purchase and deposit of gold collectibles and guaranteed returns one which the Security Exchange Commission says it is not licensed to run. Derrick Mensah, Portfolio Manager at IC Asset Managers joins CNBC Africa from Ghana to explain the Mengold saga.
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