Audio By Carbonatix
Beginning today, August 22, investors can trade in Gold on the Ghana Stock Exchange, GSE just like other listed stocks. This is because all is now set for trading in the Gold Exchange Traded funds today.
The open-ended investment instrument allows investors trade in the fund which is directly linked to the prices of Gold but not the actual commodity.
It is locked into gold – thereby allowing investors to have exposure to gold without directly allowing them to buy the assets.
The fund which listed in other markets in African is currently worth 2.1 billion dollars. However 400 thousand shares will be available to investors for trading in Ghana.
It would open trading at a price of 31 Ghana cedis. The instrument allows investors trade in the fund which is directly linked to the prices of Gold.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ghana’s prisons: A national issue we can’t ignore
15 minutes -
Flight recorders recovered from ‘devastating’ Amazon cargo plane crash
2 hours -
AI cancer cures slowed by chip shortage, says UK’s biggest tech boss
3 hours -
Grindr to pay ÂŁ26m to settle claims it allegedly shared users’ HIV status
3 hours -
China to pump $54bn into state banks and insurers to boost economy
3 hours -
Legal Green Association to hold maiden law students’ conference
3 hours -
Dolly Parton’s sister pleads for end to ‘AI garbage’ posts after singer’s death
3 hours -
Minority calls for itemised bill on GH¢49.7 million South Africa evacuation expenditure
3 hours -
Australians will be able to switch off social media algorithms under planned legislation
3 hours -
WAEC admits more study needed into fluctuating core subject performance
3 hours -
Jordan Ayew close to EFL Championship move as Sheffield Utd talks intensify
4 hours -
WAEC questions why core-subject failure keeps shifting from one subject to another
4 hours -
Herbert Mensah joins African Collaborations Group advisory board
4 hours -
WAEC demands further study into persistent English Language failures
4 hours -
Rybakina sweeps past Osaka to close in on number one ranking
4 hours