Tag Archives: Ghana Stock Exchange

GSE suspends ACI and GWEB

ACI

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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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Listing VRA, GRIDCO will ensure efficiency – GSE boss

VRA listing

The Managing Director of the Ghana Stock Exchange, Kofi Yamoah, has said the planned listing of the Volta River Authority (VRA) and the Ghana Grid Company Limited (GRIDCo) by government will ensure efficiency in their operations. “We were very happy to hear the President during the State of the Nation Address indicate that, his government is considering listing VRA and ...

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Ghana stock market opens week with a dip

ghana stock exchange

The Ghana Stock Exchange (GSE) Composite Index lost 1.7 per cent to close at 1,794.7 points. The GSE-Financial Stock Index also dropped by 2.4 per cent to close at 1,684.3 points. Trading on the second week of February started on a bearish note as 20 equities recorded movements with seven price changes, in an advance to decline ratio of 5:2, ...

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Benso Oil Palm makes gains on stock market

benso oil palm

The Benso Oil Palm Plantation an Agri-business firm recorded gains of 0.5 per cent to close trading at the Ghana Stock Exchange (GSE) mid-week transaction at GH¢2.09 per share. The GCB Bank also experienced 0.8 per cent rise to close at GH¢3.88 per share, whilst the Standard Chartered edged by 0.1 per cent to close at GH¢13.02 per share, Nordea ...

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Investors’ appetite for Ghanaian equities soared

ghana stock exchange

The third week trading on the Ghana Stock Exchange (GSE) continued upward trajectory as the bullish sentiments which characterized trading persisted on the Accra Bourse as investors’ appetite for Ghanaian equities ascended. In effect, the benchmark GSE-Composite Index rose by 1.4 per cent on a week-on-week basis to close at 1,759.3 points. This represents a year-to-date return of 4.2 per ...

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