The official wording is: “Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels”.
The Goal has 12 targets to be achieved by 2030. Progress towards targets will be measured by 23 indicators.
The goal has ten “outcome targets”: Reduce violence; protect children from abuse, exploitation, trafficking and violence; promote the rule of law and ensure equal access to justice; combat organized crime and illicit financial and arms flows, substantially reduce corruption and bribery; develop effective, accountable and transparent institutions; ensure responsive, inclusive and representative decision-making; strengthen the participation in global governance; provide universal legal identity; ensure public access to information and protect fundamental freedoms. There are also two “means of achieving targets”: Strengthen national institutions to prevent violence and combat crime and terrorism; promote and enforce non-discriminatory laws and policies.
Reducing violent crime, sex trafficking, forced labor, and child abuse are clear global goals. The International Community values peace and justice; they call for stronger judicial systems that will enforce laws and work toward a more peaceful and just society.
All women need to be able to turn to fair and effective institution to access Justice and important services. We cannot hope for sustainable development without peace and stability in any country.
SDG 16 addresses the need for major intervention to promote peace and inclusive institutions and contribute to the other Sustainable Development Goals. Areas of improvement include: reducing lethal violence, reducing civilian deaths in conflicts, and eliminating human trafficking.
The UNODC reports that in 2017 alone, around 464,000 people were victims of intentional homicide and homicide rates were 6.1 per 100,000. Two thirds of global homicides occur in Latin America and the Caribbeans or sub-Saharan Africa. Poverty, economic inequality, and high youth unemployment are some of the major reasons behind the high homicide rates in Latin America. The UNODC found that, homicides are four times morel likely to occur in regions with high economic disparity than those that have economic equity, which helps to explain the high homicide rates in some Latin American regions. Although homicide rates have been seeing a reduction the past several years, the progress on SDG 16 has been reversing. If current global trends continue, it is estimated that all forms of violence will increase by 10-46 percent by 2030.
High-level progress reports for all the SDGs are published in the form of reports by the United Nations Secretary General. The most recent one is from April 2020.
The International Programme for the Development of Communication is responsible for the follow-up of the SDG 16 through indicators 16.10.1 and 16.10.2. Every two years, a report containing information from the Member States on the status of judicial inquiries on each of the killings condemned by UNESCO is submitted to the IPDC Council by UNESCO’s Director-General. The journalists safety indicators is a tool developed by UNESCO which, according to UNESCO’s website, aims on mapping the key features that can help assess the safety of journalists, and help determine whether adequate follow-up is given to crimes committed against them. The IPDC Talks also allow the Programme to raise awareness on the importance of access to information. The IPDC also monitors and reports on access to information laws around the world through the United Nations Secretary-General global report on follow-up to SDGs.
Challenges
The threat to sustainable development is conflict, insecurities, weak institution and limited access to Justice.
The global COVID-19 pandemic is predicted to increase the frequency of conflicts as countries blame others for their situation. It is also expected that global peace and security will be threatened with over 60% countries risking the spread of COVID-19 in prisons due to overcrowding.
Market Highlights
INTERBANK FOREX RATES 💴💰
US$GH¢ Buy 13.0012 Sell 13.0142
GB£GH¢ Buy 14.6862 Sell 14.7034
CHFGH¢ Buy 13.0381 Sell 13.0523
AUD$GH¢ Buy 8.3623 Sell 8.3751
CAD$GH¢ Buy 9.6120 Sell 9.6220
JP¥GH¢ Buy 0.0884 Sell 0.0885
NZDGH¢ Buy 7.6515 Sell 7.6634
ZARGH¢ Buy 0.7217 Sell 0.7225
EU€GH¢ Buy 12.8792 Sell 12.8921
CHN¥GH¢ Buy 1.8100 Sell 1.8117
GH¢CFA Buy 50.8805 Sell 50.9315
GH¢NG₦ Buy 34.0122 Sell 34.0644
CRYPTOCURRENCY MARKET
Bitcoin $20,900.63 🔼1.35%
Ethereum $1,590.87 🔼1.54%
Binance Coin $339.56 🔼2.80%
Ripple $0.4738 🔼3.18%
Cardano $0.4096 🔼2.53%
Solana $32.46 🔼9.30%
Dogecoin $0.118 🔼4.91%
💵Bloomberg USDGHS Cross Rate – *14.0212* (YTD -🔺️120.49%)
💰STANBIC BANK FX RATES💵
US$GH¢ Buy 12.5000 Sell 14.0000
GB£GH¢ Buy 13.9750 Sell 15.7500
EU€GH¢ Buy 12.1688 Sell 13.7900
CH¥GH¢ Buy 1.7167 Sell 1.9393
🔼GSE DAILY GAINERS ➖ PRICE ➖ %CHANGE
No gainers for today
🔻GSE DAILY LOSERS ➖ PRICE ➖ %CHANGE
No losers for today
〽Inflation rate in Ghana ➡ 37.20% (🔺️+9.73%)
🏦Ghana Reference Rate ➡ 30.56% (🔺️+11.37%)
✳Policy Rate in Ghana ➡ 24.50% (🔺️+11.36%)
¶ TREASURY RATES💸
91 – Day Discount Rate 30.7755% Interest Rate 33.3407%
182 – Day Discount Rate 29.6793% Interest Rate 34.8511%
364 – Day Discount Rate 25.8149% Interest Rate 34.7980%
IC SECURITIES GOG BOND RUNS – YIELDS TO MATURITY
1 Year Note – Bid 40.00% Ask 34.00%
2 Year Bond – Bid 42.00% Ask 36.00%
3 Year Bond – Bid 42.00% Ask 36.00%
5 Year Bond – Bid 43.00% Ask 37.00%
7 Year Bond – Bid 43.00% Ask 37.00%
10 Year Bond – Bid 43.00% Ask 37.00%
20 Year Bond – Bid 43.00% Ask 37.00%
🛢Petroleum Products – Average Price
🏗Petrol – Gh¢17.99/ltr (YTD-🔺️+166.52%)
🛢Diesel – Gh¢24.49/ltr (YTD-🔺️+260.00%)
🏧MARKET INDEXES
*Dow Jones Index🚂⛽ 32,403.22 +401.97 +1.26%
*S&P 500 🏦 3,770.55 +50.66 +1.36%
*Nasdaq Index📲💻 10,475.25 +132.31 +1.28%
* NYSE Composite Index 14,702.77 +247.10 +1.71%
*London FTSE 7,334.84 +146.21 +2.03%
*Germany DAX 13,459.85 +329.66 +2.51%
*Japan NIKKEI 225 27,199.74 -463.65 -1.68%
*Tokyo TOPIX Index 1,915.40 -25.06 -1.29%
*Hong Kong HANG SENG 16,161.14 +821.65 +5.36%
*Shanghai Shenzhen 300 3,767.17 +119.27 +3.27%
*S&P/ASX 200 Index 6,892.46 +34.58 +0.50%
*Bloomsberg EU 500 272.03 +5.10 +1.91%
*France CAC All-Tradable 4,824.88 +124.18 +2.64%
*Dubai DFM General Index 3,350.47 +20.01 +0.60%
*MOEX Russia Index 2,155.92 -17.92 -0.82%
*FTSE/JSE South Africa 62,769.28 +3,265.23 +5.49%
*Nairobi SE 20 Share 1,675.66 -6.89 -0.41%
*Nigeria SE Main 44,269.18 +32.48 +0.07%
*BBG EMEA World Index 131.83 +3.42 +2.66%
*GSE Composite Index 2,460.31 +11.78 +0.48%
*GSE Financial Index 2,069.89 0.00 0.00%
GSE INDEXES ⏸ 2022 YTD RETURNS%
*GSE Composite Index 2,460.31 🔻-11.80%
*GSE Financial Index 2,069.89 🔻-3.81%
🔼GSE 2022 GAINERS ➖ PRICE ➖ YTD%
SIC ➡Gh¢0.32 🔼+300.00%
TBL ➡Gh¢0.55 🔼+61.76%
ACCESS ➡Gh¢4.01 🔼+27.30%
EGL ➡Gh¢3.20 🔼+14.70%
GGBL ➡Gh¢2.05 🔼+13.89%
🔻GSE 2022 LOSERS ➖ PRICE ➖ YTD%
PBC ➡Gh¢0.02 🔻-33.33%
FML ➡Gh¢3.00 🔻-25.00%
GCB ➡Gh¢3.95 🔻-24.62%
MTNGH ➡Gh¢0.87 🔻-21.62%
TOTAL ➡Gh¢4.00 🔻-20.32%
IIL ➡Gh¢0.04 🔻-20.00%
💧MUTUAL FUNDS IN GHANA♣️
📈EQUITY FUNDS ➰YTD%
Databank EPAcK 🔼+21.23%
Republic Equity Trust 🔼+3.94%
Heritage Fund 🔻-4.95%
SAS Fortune Fund 🔼+6.40%
⚖BALANCED FUNDS ⏸ YTD%
EDC Balanced 🔻-6.03%
Databank Bfund 🔼+9.66%
Fidelity Balanced Trust 🔼+10.90%
Enhanced Equity Beta Fund 🔼+52.67%
CCMF 🔼+30.77%
CM Fund 🔼+12.96%
Dalex Vision Fund 🔼+7.84%
Plus Balanced Fund 🔼+37.64%
Elite Mutual Fund 🔼+11.44%
Republic Future Plan Trust 🔼+6.24%
Databank EdiFund Tier 2 🔼+11.13%
UMB Balanced Fund 🔼+12.23%
⚙FIXED INCOME FUNDS 🛡YTD%
EDC Fixed Income 🔻-13.17%
Databank Mfund 🔼+13.29%
Fidelity Fixed Income Trust 🔼+10.71%
Financial Independence Fund 🔼+14.09%
Fixed Income Alpha Plus 🔼+45.18%
Nimed Fixed Income Fund Tier 1 🔼+16.66%
Nimed Fixed Income Fund Tier 2 🔼+13.45%
OctaneDC Bond Fund 🔼+13.82%
Plus Income Fund 🔼+13.72%
Stanlib Income Fund Trust 🔼+15.02%
Databank EdiFund T1 🔼+14.63%
MONEY MARKET FUNDS ⏱YTD%
SAS Midas Fund 🔼+13.04%
First Fund 🔼+13.02%
Stanlib Cash Trust 🔼+14.02%
EDC Money Market Fund 🔼+14.10%
OctaneDC Money Market Fund 🔼+13.66%
Republic Unit Trust 🔼+11.21%
Sirius Opportunity Fund 🔼+12.25%
COMMODITIES MARKET
*Brent Crude $/barrel⛽ $98.72 +4.05 +4.28%
*Natural Gas 🏭 $/million BTUS $6.40 +0.43 +7.11%
*Gold 👑 $/troy ounce $1,676.60 +45.70 +2.80%
*Silver 💍 $/troy ounce $20.78 +1.35 +6.97%
*Corn 🌽 $/bushel $681.00 +1.75 +0.26%
*Cocoa 🍫 $/metric ton $2,434.00 +62.00 +2.61%
*Coffee ☕ $/pound $171.65 +3.30 +1.96%
*Sugar🎂 $/pound $18.71 +0.24 +1.30%
*Lumber $/1000 board feet $438.10 +3.30 +0.76%
Rubber $/100kg $124.30 +3.70 +3.07%
Sources: Bank of Ghana, Bloomberg, GSE, Reuters, Doobia, BBC, B&FT
Mark G. Darko, Accra
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