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

Quantum Terminals readies to pay bondholders

Quantum Terminals PLC (QTPLC) announces to holders of the 1st Tranche of the 10-year Guaranteed and Secured Notes, the transfer of GHS8,893,750.00 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 and principal repayment payable to noteholders on 10th March, 2022. This is in accordance with condition 7 of the Notes...

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ETI approves audited figures and recommends dividend for FY21

ETI is pleased to inform its shareholders and the general public that the Board of Ecobank Transnational Incorporated (“ETI”), at its meeting of February 25, 2022, approved the Ecobank consolidated audited accounts for the year ended December 31, 2021 (“Audited Accounts”) subject to relevant regulatory approvals. The Board also recommended the payment of a dividend of USD0.16 cents per share being a total amount of circa USD40 million. The relevant...

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Golden Star Resources finally acquired by Chifeng Jilong

Golden Star Resources Ltd. (GSE: GSR) and Chifeng Jilong Gold Mining Co., Ltd. are pleased to announce the completion of the previously announced plan of arrangement under Section 192 of the Canada Business Corporations Act, involving the Company, Chifeng and its subsidiary Chijin International (Hong Kong) Limited, and Chijin’s assignee Kefei Investment (BVI) Limited, pursuant to the arrangement agreement dated October 31, 2021, as amended by an amending agreement dated... Read more

Gold Star Resources to delist from Ghana Stock Exchange

GSR has entered into a definitive Agreement with Chifeng Jilong Gold Mining Co., Ltd, pursuant to which Chifeng has agreed to acquire all the issued and outstanding common shares of Golden Star Resources Limited. At a special shareholder meeting held on December 30, 2021, the shareholders of GSR approved a resolution authorizing the Arrangement Transaction between GSR and Chifeng Jilong Gold Mining Co., Ltd, to which Chifeng will acquire all...

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