Tag: ic asset managers

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.
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