The 2003 budget announced on November 14 and the monetary policy statement of November 20 seem to have sent jitters in the once booming stock market.
The current shortage of sugar is due to smuggling and parallel market sales where it is being sold at up to three times the government controlled price.
Despite the crippling drought which has affected half the country’s population, National Foods, one of the biggest milling companies in the country, says its sales volumes for the first half of this year were similar to those of last year.
Ashanti Gold earned US$58.8 million in the first nine months of this year, up from US$37.6 million though gold sales were down from 1.25 million ounces to 1.22 million ounces.
Tractive Power Holdings had an excellent year with sales of parts and service being the driving force.
While most companies are mourning about the difficult trading conditions, Beverley Building Society says its operating conditions returned to near normality during the year ended June.