Pesewa ONE wants to delist from the GAX

Pesewa ONE PLC (“Pesewa ONE” or the “Company”) wishes to announce the Company’s intention to de-list from the Ghana Alternative Market (the “delisting”) subject to Shareholder approval, and approval from the Ghana Stock Exchange (“GSE”) and Securities and Exchange Commission (SEC). At the Company’s Emergency General Meeting (“EGM”) scheduled to be held on 6th January, 2023 a resolution will be put before shareholders with regards to the proposed de-listing. The...

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Ghana Stock Exchange moves towards green bonds

As part of programs to mark its 32nd anniversary, Ghana Stock Exchange (GSE), in collaboration with its regulator, the Securities and Exchange Commission, launched the new Green and Sustainable Bond Rules to guide the listing and trading of green and sustainable bonds on the Ghanaian market. This year's anniversary was under the theme "Investing into a Green and Sustainable Future'. Green Bonds support new or existing projects that generate climate... Read more

GGBL looking to weather the economic storm

Ghana’s leading total beverage business, Guinness Ghana, says the business remains focused on delivering its core mandate and keeping its foundation strong, despite the prevailing macro-economic challenges the country faces today. According to the beverage company, it continues to invest in elements that are important for the future d as it believes in the resilience of the Ghanaian economy and its people. Speaking to investors, shareholders, and members of the... Read more

Abena Amoah appointed MD of Ghana Stock Exchange

The Council of the Ghana Stock Exchange (Exchange) is pleased to announce the appointment of Ms. Abena Amoah as the Managing Director of the Exchange, with effect from November 24, 2022. Ms. Amoah will take over from Mr. Ekow Afedzie, the current Managing Director, who will retire from the Exchange on November 23, 2022, after 32 years of stellar and transformational service. Ms. Amoah, who joined the Exchange as Deputy...

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ETI appoints Jeremy Awori to succeed Ade Yeyemi as Group CEO

Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, today announced that the current Group Chief Executive Officer, Ade Ayeyemi, will retire after he attains the age of 60, in accordance with ETI policy. The Board of Directors selected Jeremy Awori to succeed Ade Ayeyemi as Group Chief Executive Officer. The relevant effective dates will be communicated in due course. Alain Nkontchou, Ecobank Group Chairman, thanked Ade for...

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Quantum transfers funds for interest payment to DSAA

QTL announces to holders of the 1st Tranche of the 10-year Guaranteed and Secured Notes, the transfer of GHS3,337,500.00 from the Debt Service Accrual Account with Stanbic Bank Ghana Ltd to the Trust Account with Guaranty Trust Bank Ghana Ltd. The transferred amount represents the interest payable to noteholders on 8th September 2022.   This is in accordance with condition 7 of the Notes Prospectus, which requires QTL to move...

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GSE signs MOU with GIPC to collaborate

The Ghana Investment Promotion Centre (GIPC) and the Ghana Stock Exchange (GSE) have today signed a Memorandum of Understanding to facilitate a deeper collaboration between the two institutions. The MOU was signed on behalf of the two institutions by Yofi Grant, CEO of GIPC, and Ekow Afedzie, Managing Director of GSE, at the Centre's head office in Accra. The MoU establishes a practical framework for developing greater cooperation between the...

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Banking stocks pull benchmark index lower

The GSE Composite Index declined by 23.63 points (-0.96%) due to losses in EGH (-9.87%) and CAL (-6.25%) to end the week at 2,440.50 with a year-to-date return of -12.51% while the market capitalization was down 0.43% to settle at GH¢63.48 billion. The GSE Financial Stocks Index decreased by 47.42 points (-2.19%) to close at 2,115.61 with a year-to-date return of -1.68% while the SAS Manufacturing Stocks Index stayed flat... Read more

Central bank warns investing public against SIDICOIN

The Ghanaian central bank has warned the public against investing in a cryptocurrency investment scheme known as “SIDICOIN”. The central bank has indicated that neither the scheme nor the promoters of the scheme have been licensed to operate in the country. The Bank of Ghana has been very proactive in warning the public against unlicensed investment schemes in the country in recent times. Earlier in the year, the central bank... Read more

Market Declines Marginally on the back of SOGEGH

The GSE Composite Index declined marginally by 0.68 points (-0.03%) due to a loss in SOGEGH (-0.83%) to end the holiday-shortened week at 2,697.67 with a year-to-date return of -3.32% while the market capitalization moved down by 0.03% to settle at GH¢64.04 billion. The GSE Financial Index decreased by 1.23 points (-0.06%) to close at 2,219.66 with a year-to-date return of 3.15% while the SAS Manufacturing Index recorded no change... Read more