Unraveling Value: A Case for Restructuring Ecobank Group (ETI) to Unleash True Value

Summary: ETI’s share price has returned a disappointing -262.5% to shareholders since its listing by introduction in 2006 (2006: GHS 0.29p; 2020: GHS 0.08p) at its current market capitalisation of GHS 1.92B (USD 334.85M). Astonishingly, the Group’s Ghanaian subsidiary which represents 7.19% of the Group’s operating assets, commands an enviable market capitalisation of GHS 2.32B (USD 403 M) representing a total return of 1,209.5%. This article seeks to analyse the...