Tag: Mahama Iddrisu
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Investment banker Mahama Iddrisu passes on
Information reaching Citi Business News indicates that Investment Banker, Mahama Iddrisu has died. He passed on Sunday (June 16, 2019). Mr. Mahama Iddrisu was the former Managing Director of the Ecobank Development Corporation (EDC) Stock Brokerage Limited. Mr. Iddrisu was an Investment Banker who contributed to various discussions on Citi Business News. He had an…
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5 reasons why MTN didn’t meet its IPO target
MTN has successfully listed the proceeds of its Initial Public Offering (IPO) on the Ghana Stock Exchange. The company becomes the first telecom entity to list on the local bourse. But the IPO could not meet the 3.47 billion cedis target though the subscription of 1.145 billion cedis is considered historic. Investment banker, Mahama Iddrisu…
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Economy, banking crisis affected MTN IPO performance
Investment banker, Alhaji Mahama Iddrisu has cited the current banking crisis as well as what he describes as wrong timing as basis for MTN’s inability to reach its target for the Initial Public Offering (IPO). Though he qualifies the subscription as satisfactory, Mr. Mahama Iddrisu believes the offer had the potential to have performed better.…
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Banker criticises basis for lifting adb’s suspension on GSE
Investment Banker, Mahama Iddrisu has said the decision by the Ghana Stock Exchange (GSE) to suspend the listing of ADB on the stock market was a hasty one. According to him, the GSE should have done due diligence before suspending adb from trading its shares. The Ghana Stock Exchange on Wednesday (March 7, 2018), suspended trading…
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GH¢400m capital, others triggered uniBank’s interest in adb
Investment Banker, Mahama Iddrisu has cited adb’s quest to meet the new minimum capital requirement of 400 million cedis as a possible reason for the pledge by some shareholders of adb to uniBank. The move Citi Business News also understands is to grow the base of Unibank to undertake huge transactions. Four shareholders of adb…
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Investors to ditch Ghana over calls to remove Minister
An Investment Banker, Mahama Iddrisu has told Citi Business News calls for the resignation of Finance Minister, Ken Ofori-Atta might cause investors to boycott investment decisions to Ghana going forward. He argued that the move is also likely to affect subscription of the country’s bonds expected to be issued in the first quarter of this year…
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Energy bond unsuccessful after two tries
ESLA Plc failed to meet the target for the first tranche of the bond after a second attempt. The managers of the bond were seeking to raise 6 billion cedis under two separate bonds. But accrued a total of 4.69 billion cedis after it closed the auction last Friday. The 7-year bond received the targeted…