Tag Archives: Ghana Stock Exchange

HFC Bank to raise GH¢50million on GSE

HFC

HFC Bank has begun processes aimed at raising some Gh¢50 million through the Ghana Stock Exchange (GSE). It follows approval from the Board of Directors of the Bank at its Extra Ordinary General Meeting. The funds raised from the offer are expected to help the bank meet the new Gh¢400 million minimum capital requirement set by the Central Bank. Starr ...

Read More »

D-G of SEC calls for investor confidence in the Capital Market

SEC chairman

Mr Daniel Ogbarmey Tetteh, the Director-General of the Ghana Securities Exchange Commission (SEC), has called on the investor community to have confidence in the instruments of the Capital Market. He said the Capital Market was critical in the growth and development of any given economy. Mr Tetteh said this in an interview during the launch of the Ghana Securities Industry ...

Read More »

GSE, NSE most performing stock markets in Africa

performing stock markets

The Ghana Stock Exchange-GSE CI and the Nigerian Stock Exchange-ASI have been adjudged the best performing stock markets in Africa for the nine months of 2017. The two stock exchanges returned about 35.5 and 35.1 percent respectively for investors more than twice yield of Treasury Bills- during the period under review. The two stock exchanges also did better than the ...

Read More »

Investors neglect GAX despite improved performances

performing stock markets

Despite the continuous decline in interest rates on fixed income securities, investors looking to cash in on stocks have and continue to neglect the four listed equities on the Ghana Alternative Exchange (GAX), preferring stick to the main bourse. A 2017 half-year review of the economy and the capital market by FirstBanC Research, a subsidiary of FirstBanC Financial Services, indicates ...

Read More »

GSE suspends ACI and GWEB

performing stock markets

The Ghana Stock Exchange (GSE) has, with effect from Monday, September 11, 2017, suspended the listing status of African Champion Industry Limited (ACI) and Golden Web Limited (GWEB). ACI, according to a statement from the GSE, has failed to publish its audited financial statements for year-ended December 2015 and 2016 respectively. “ACI has also not conducted an annual general meeting ...

Read More »

GSE cites 5 companies for possible delisting from bourse

GSE

The Ghana Stock Exchange (GSE) has announced that five companies have been suspended from trading in shares effective from Monday, August 28, 2017. The companies are African Champion Industry Limited (ACI), Clydestone (Ghana) Limited (CLYD), Golden Web Limited (GWEB), Pioneer Kitchenware Limited (PKL) and Transaction Solutions Limited (TRANSOL). According to a statement by the GSE, “these companies have failed to ...

Read More »

Stock Exchange suspends UT Bank

GSE

This was revealed in a statement copied to Citi News. The GSE noted that the suspension had become necessary due to the revocation of UT Bank’s licence by the Bank the of Ghana. The GSE also indicated that UT Bank has failed to publish its financial results since the end of its financial year December 31, 2015. UT Bank had its ...

Read More »

CEO of GSE urges president to form SEC board

SEC Board

The Chief Executive Officer of the Ghana Stock Exchange Kofi Yamoah has urged President Akufo-Addo to constitute a board of directors for the Securities and Exchange Commission(SEC). His plea follows an earlier request from a former Director-General of the commission, Dr Adu Anane-Antwi, who also appealed to the president to form the board immediately to enable the smooth running of ...

Read More »

MTN not to list on GSE with IPO – Kofi Yamoah

MTN

MTN Ghana may not be listing on the Ghana Stock Exchange (GSE) anytime soon even though it plans to cede a part of its operations to investors. This is the indication from the managers of the Ghana Stock Exchange. “MTN in its discussion is raising money from the public or doing a public offer but it will not list as ...

Read More »

MTN Ghana ready to sell its shares this year

MTN

Telecoms giant, MTN Ghana, is working towards listing on the local bourse as part of the conditions under which it secured the 4G license in 2015. CEO of MTN Ghana, Mr Ebenezer Asante, explains the move to sell part of the company’s shares to Ghanaians is part of the localization that came with the 4G license. “It’s very clear from ...

Read More »