Government to issue GHS21.17 billion debt in Q4-2021

The government has released the issuance for the final quarter of the year in line with “its efforts to improve market transparency in the issuance of Government securities”. The government is planning to issue a gross amount of GHS21.17 billion, and over 95% of that amount would be used to rollover maturing obligations while less than 5% would be fresh issuance that would be used to finance the 2021 budget....

Read more

Why Quantum Terminals is delaying release of 2020 figures

Quantum Terminals PLC wishes to inform the investing community and the general public about the delay in the submission of the 2020 audited financial statement. The audit field works were completed, and a draft financial statement issued for review before submission deadline. However, the auditors, KPMG raised a significant issue with the accounting treatment of the contract relationship between the company and its customer which affects both revenue and noncurrent...

Read more

BOPP’s strong half year results attributed to bullish CPO prices

Benso Oil Palm Plantation PLC holds ‘Facts Behind The Figures’ forum, organized for listed companies on the Ghanaian bourse. During the session, The Director and General Manager of BOPP, Samuel Avaala, attributed its 2021 half year topline growth of 63% to the bullish world market crude palm oil prices coupled with the higher crop productivity from both the nucleus plantation and the smallholders and outgrowers. Operational efficiencies have also seen... Read more

Bank of Ghana maintains benchmark policy rate at 13.5%

The Bank of Ghana maintained its benchmark policy rate at 13.5% on the back of short-term inflationary risks that has pushed inflation closer to the upper band of its medium target bandwidth of 6-10%. Inflation has recently moved to 9.7% in August 2021, and it could move closer to 10% before new crop harvest helps to curb food price increases in Q4-2021.  While the authorities might have wished to cut... Read more

Ghana Stock Exchange trains securities dealers

The Ghana Stock Exchange (GSE) held a workshop for its Registered Securities Dealers (RSDs) to train them on ‘Pricing of Securities and Valuation of Companies’. The workshop was aimed at enriching the knowledge and expertise of GSE’s frontline partners, RSD’s, in setting the right prices for securities and valuation of companies on the capital market. It is important that these RSDs are retooled frequently on these subjects to keep them... Read more

Arise B.V. invests US$75 million in Ecobank Transnational Incorporated

Ecobank Transnational Incorporated (“ETI”), the Lomé based parent company of the Ecobank Group, is pleased to announce a US$75 million Additional Tier 1 ("AT1") investment by Arise B.V. ("Arise"). This Basel III compliant instrument is the first AT1 instrument issued by ETI and a landmark transaction in the sub-Saharan Africa region. The investment will optimize and improve ETI's Tier 1 capital by US$75 million.   The investment by Arise, a... Read more

Bayport reveals 13.4% rise in earnings during facts behind the figures

Bayport Savings and Loans remained resilient through the COVID-19 pandemic and continued to make significant gains during the first half of 2021. With a focus on cost containment and the elimination of foreign exchange risks, the operation recorded a strong financial performance with profit after tax increasing by 13.4%, from Ghs 8.4 million in 2020 to Ghs 9.5 million in the first six months of this year. This significant growth...

Read more

Access Bank holds facts behind the figures to interact with investors

Access Bank has recorded a strong growth in its financial performance for the first half of the year, with a 16% and 12% growth in its net interest income and profit before tax respectively. This was revealed at its annual “Facts behind the Figures” session, held virtually. “Facts behind the Figures”, an event organized by the Ghana Stock Exchange for its listed companies, offers a platform for the companies to... Read more

IC Securities launches stock market trading platform for investors

IC Securities (Ghana) Limited has launched an electronic trading platform, called “Tradelive”, which features trading via a web portal and USSD. The USSD trading feature is the first of its kind in the Ghanaian capital market. This innovative tool is duly authorized by the Ghana Stock Exchange (“GSE”) and allows brokerage clients of IC to transact on the Tradelive platform that is also linked to GSE conveniently and in real-time.... Read more

Unilever investors make capital gains in holiday-shortened week

The GSE Composite Index advanced by 24.35 points (+0.90%) as a result of gains in five stocks to end the week at 2,741.65 with a year-to-date return of 41.21% while the market capitalization was up by 0.64% to settle at GH¢62.65 billion.   Enterprise Group (+8.33%) and Ecobank Ghana (+4.29%) moved the GSE Financial Index up by 21.24 points (+1.12%) to close at 1,911.39 with a year-to-date return of 7.22%....

Read more