Pulse Business Wrap Ecobank revenue down by 6% in Q1

However, in cedi term, revenue went up by 4% from GHC1, 861,855 in the first quarter of 2015 to GHC1, 932,364 in 2016.  This was largely due to the poor performance of the cedi against the dollar.

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Ecobank revenue down by 6% in Q1

Ecobank Transnational Incorporated recorded a six percent slump in revenue in dollar terms from $533,898 in 2015 to $502,339 in the first quarter of 2016.

However, in cedi term, revenue went up by 4% from GHC1, 861,855 in the first quarter of 2015 to GHC1, 932,364 in 2016.  This was largely due to the poor performance of the cedi against the dollar.

Chinese company firm providing solar plant support to Ghana

Chinese technology innovations company, Beijing Xiaocheng Company (BXC), is providing Ghana with its first large-scale solar plant to support the country's power generation, according to Xinhua news agency.

The solar panel, which is connected to the ECG, is located near Winneba and produces 20 MW of power during the day, according to the Project consultant, Engineer Daniel Azu.

We go to the currency market now where

Currency                      Buying                         Selling

Dollar                            3.82                             4.12

Pound Sterling             5.42                              5.72

Euro                             4.32                              4.62

 

On how your stocks performed on the GSE Index today

 

Ghana Commercial Bank Limited were the biggest losers of the day, losing 810to close at 3.50 whereas ALUWORKS LTD were the biggest losers, dropping 1p to close at 0.09p

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