Business News of Thursday, 27 November 2008

Source: GNA

GSE announces interim measures for trading

Accra, Nov. 27, GNA - The Ghana Stock Exchange says trading is expected to revert to its offices at Cedi House on Monday December 1.

In a statement, the Exchange said trading for Thursday and Friday would continue to be done at the Auditorium of the Ghana Export Trade Information Centre, across the street from cedi house. The Exchange said the situation was still being assessed and because power was yet to be restored to the GSE's premises, arrangements were underway to reconnect GSE Securities Depository participants to the Wide Area Network to access the Depository system to continue work on the migration of securities into the depository.

"We continue to emphasise for the information of stakeholders of the market that initial assessments shows that the GSE's new Data Centre, Securities Depository and all equipment and information remain intact and have not been affected by the fire," the statement added. Fire, in the early hours of Wednesday gutted parts of the cedi House, leading to a relocation of trading to the auditorium of the Ghana Export Trade Information Centre. There were no injuries and the cause of the fire is being investigated. 27 Nov. 08