Tag: GSE
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GSE marks 31st anniversary amid impressive run for 2021
The Ghana Stock Exchange (GSE) has marked its 31st anniversary of trading on the floor of the Exchange by ringing the ceremonial bell with some dignitaries including the Minister of Public Enterprises, Regulator of the capital market, Chair of the GSE Council, Chief Executive Officers of listed companies and their representatives, Licensed brokers, and market…
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Access Bank posts strong performance for 2021 first half
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” virtual session, held recently. “Facts behind the Figures”, an event organized…
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adb’s profit after tax drops by 36% in 2020 1st quarter
The Agricultural Development Bank’s (ADB) profit after tax for the first quarter of 2020; dropped by 36%. It recorded 13.3 million cedis for the first three months of the year, down from the 20.82 million cedis recorded in the same period in 2019. An analysis of the first quarter performance of ADB by Citi Business…
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Dannex, Ayrton & Starwin to start trading on stock market after merger
Pharmaceutical company, Dannex, will on Wednesday, January 15, 2020, start trading on the Ghana Stock Exchange following its merger with two other companies; Ayrton and Starwin. It follows the approval for the deal by the managers of the local bourse. Wednesday’s ceremony will crown a series of principal activities that have spanned over the past…
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We’re not mandated to list on stock market –Vodafone
Vodafone Ghana says it is not mandated to list on the Ghana Stock Exchange following the acquisition of the 4G license. The company in a statement stressed that the bid documents for the license nor the license condition do not make reference to listing on the bourse hence its decision. The comments is in response…
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MTN shares soar despite incomplete investors’ data
It has emerged that MTN is yet to complete the reconciliation of information of some investors who bought into the company’s shares almost two months after the company listed on the Ghana Stock Exchange. As a result, managers of the stock market are anticipating increased trading activities on the exchange after the processes are completed.…
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MTN begins review of IPO applications
MTN has announced that it has commenced collating shares for its Initial Public Offering (IPO). The telecom company on Friday (August 3, 2018) said in a statement that it is currently reviewing the applications. “Following the closure of the IPO, the applications received are currently being reviewed and collated for allotments to commence,” the statement…
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MTN launches its IPO today
MTN will today launch its Initial Public Offering (IPO) to allow it raise some amount of money from the public. The company is by this exercise give at least thirty-five percent access to the general public to own a stake in its operations. The move is also to allow the telecom company fulfill a regulatory…
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MTN launches IPO next Tuesday
MTN will launch its Initial Public Offering (IPO) next week Tuesday, May 29, 2018. The exercise is to allow the public access to own a part of the telecom company. Following the completion of the process, the public will have access to thirty-five percent ownership in MTN. The decision to allow public ownership, forms part…
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MTN, 4 others to list on bourse by year end
The Ghana Stock Exchange has disclosed that at least four companies are expected to list on the bourse after MTN before the end of this year. For now, the companies are unknown but the Managing Director of the Ghana Stock Exchange, Kofi Yamoah says the four companies are likely to list on the bourse after…