GSE extends time for some companies to submit earnings results

The Ghana Stock Exchange (GSE) has granted permission to 3 listed companies and a company whose bonds are listed on the Ghana fixed income market to delay the submission of their audited full year 2020 earnings results. The companies include Trust Bank Plc (The Gambia), (Year-end) - June 30, 2021 Bond Savings & Loans Plc, (Year-end) - June 30, 2021 Dannex Ayrton Starwin Plc (Year-end) - June 30, 2021 SIC...

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Government releases much awaited issuance calendar for Q2-2021

Government has released the much-awaited issuance calendar for the second quarter of 2021. The calendar has provided clarity on government’s liability management for rest of the second quarter up to the end of June 2021.  This should enable market participants to plan accordingly. The government is planning to raise a total of GHS21.43 billion, and nearly 81% of the amount would be used to rollover maturities. The remaining amount of...

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Disregard fraudulent scheme on telegram – Nimed Capital

Nimed Capital Limited wishes to notify its cherished clients and the general public to disregard an ongoing FRAUDULENT SCHEME on TELEGRAM in the name of Nimed Capital Limited, with HEAD ADMIN DR JEFFERY as the admin for the group. The group has displayed multiple products which are NOT part of what we offer. We strongly disassociate ourselves from this fraudulent act. We continue to remain committed to offer only products...

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Cal Bank investors make significant capital gains

The benchmark index advanced by 42.12 points (+1.83%) to close at 2,343.91 with a 20.72% year-to-date return while the market capitalization increased by 0.14% to close at GH¢58.53 billion. Cal Bank (+21.74%), Societe Generale (+6.67%) and Enterprise Group (+1.37%) pushed the GSE Financial Index up by 5.74 points (+0.31%) to close at 1,840.99 with a 3.27% year-to-date return. The SAS Manufacturing Index tumbled by 92.95 points (-6.48%) due to Unilever... Read more

Cal Bank, Enterprise Group investors make capital gains

The benchmark index advanced by 0.44 points (+0.02%) to close at 2,301.79 with a 18.55% year-to-date return while the market capitalization inched up by 0.01% to close at GH¢58.09 billion. Cal Bank (+7.81%) and Enterprise Group (+0.69%) pushed the GSE Financial Index up by 5.74 points (+0.31%) to close at 1,840.99 with a 3.27% year-to-date return. The SAS Manufacturing Index tumbled by 52.08 points (-3.50%) due to Unilever Ghana (-9.90%)... Read more

Daakye Trust transfers GHS181.91mn to pay bondholders

Daakye Trust PLC (Daakye) announces to holders of the DTP1-7Y27 Bond, the transfer of GHS 181,905,893.14 from the Joint Debt Service Buffer Accounts (DSBA) to the Debt Service Reserve Account (DSRA) of the Paying Bank on 14th March 2021. Consistent with the requirement of the Prospectus, the amount transferred represents 1.25 times the interest (and withholding tax amount) due Tranche D1 Bondholders. This is in accordance with the terms of... Read more

Mechanical Lloyd to delist from Ghana Stock Exchange on Friday

Mechanical Lloyd PLC Limited (“MLC PLC” or the “Company”) wishes to announce the Company’s de-listing from the Ghana Stock Exchange (“GSE”) effective 16th April, 2021. Offer Results At the close of the offer, 165 shareholders tendered in a total of 2,800.065 ordinary shares. A settlement to all applicants was concluded by 8 April 2021 per the offer timetable. GHS 3,920.10 have been transferred to the Universal Merchant Bank Account as...

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Banks can pay dividends if they meet strict conditions - BoG

The Bank of Ghana (BoG) has now allowed banks to declare and pay dividends to shareholders in respect of the 2020 and 2021 financial years if they can meet some stringent conditions. The central bank had earlier banned banks from paying dividends following the “liquidity releases to banks and specialised deposit-taking institutions (SDIs) that were provided by the BoG to contain the impact of the COVID-19 pandemic on the banking...

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Guinness Ghana Breweries appoints new Board Members

GBL announces to the general investing public, the appointment of Mrs. Ngozi Aghomi as an Executive Director and Mr. Andrew Cowan as a Non-Executive Director to the Board effective 23rd February, 2021. Mrs. Ngozi Aghomi is a Supply Chain Talent who successfully managed Nestlé’s Agbara factory supply Chain for years. Agbara factory is the largest Nestle factory in Africa and the third largest in Nestle, globally. With over 13 years... Read more

More companies to delay release of audited FY2020 figures

The Ghana Stock Exchange (GSE) has granted permission to six companies to submit their audited financial statements for full year 2020 by the end of April 30, 2021 instead of the usual March 31, 2021. Three of the companies listed their shares on the GSE while the other three companies have listed fixed income securities on the GSE. A release by GSE noted that the  “Ghana Stock Exchange announces for...

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