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Ghana Stock Exchange suspends trading in ADB Bank shares

The Ghana Stock Exchange has suspended the trading in the shares of ADB Bank, following Bank of Ghana’s cancellation of shares held by four institutions in the bank. “The Exchange, pursuant to Rule 7 and Rule 14 of its Trading and Listing Rules respectively, has suspended trading in the shares …

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Ga Rural Bank records 66.22% profit 

The Ga Rural Bank Limited recorded a net profit of GH¢573,328.00 in 2017 as against GH¢261,473.00 in 2016, representing an increase of 66.22 per cent. Total income of the bank also grew from GH¢7,653,778 in 2016 to GH¢9,060,789 in 2017, making an increase of 18.38 per cent, whilst total operating …

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Financial sector dominates stock market 

The Financial Sector dominated the stock market, as indices point northwards leading to improved performance on the Ghana Stock Exchange (GSE), Nordea Capital Investment Stock Market review indicated. The Nordea Capital Investment review of the second week of July (9th to 13th) obtained by the Ghana News Agency on Monday, …

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Bank of Ghana cancels shareholdings of four institutions in ADB

 The Bank of Ghana (BoG) has annulled the acquisition of all shares held by four institutions in the ADB Bank Limited (ADB).   The institutions are; Belstar Capital Limited, Starmount Development Company Limited, SIC-Financial Services Limited and EDC Investment.   A statement from the BoG said the order, which took …

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Surge in cryptocurrencies driving new hitech virtual money laundering – CipherTrace

The Rising spate in the theft of cryptocurrencies is driving the surge of a new, high-tech era of virtual money laundering, a headache to governments globally, according to a report.  In the first half of 2018, more than US$760 million in cryptocurrency was stolen from exchanges – a threefold increase …

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GCB Bank and Invest in Africa seal deal

GCB Bank and Invest in Africa (IIA) have announced the signing of an agreement that formally makes GCB Bank the newest partner of the initiative.  The IIA is a private sector initiative that brings together leading indigenous and international companies across sectors; actively working together to create a sustainable business …

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Cocoa farmers urged to spray their farms

The District Manager of Cocoa Merchant Company, a licensed cocoa buying company in the Central Region, has urged farmers to embrace the mass cocoa spraying exercise introduced by the government. Speaking to the Ghana News Agency (GNA) after farmers’ meeting at Agona Duakwa in the Central Region, Mr. Randy Nkrumah …

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Barclays Ghana appoints Mrs Osei-Poku as new Managing Director

Barclays Bank of Ghana has announced the appointment of Mrs Abena Osei-Poku by the Board of Directors, as Managing Director of the Bank. She takes over from Patience Akyianu who will be leaving the bank at the end of September this year. Mrs Osei-Poku appointment if approved by the Bank …

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Ghana Stock Exchange makes impressive gains in 2017

The Ghana Stock Exchange made positive strides in 2017 with a surplus of GH¢12. 368 million for the year ending 31 December compared with GH¢5.377 for 2016. The GSE Council Chairman, Mr Albert Essien told members that improvement in the macro-economic indicators positively affected the performance of the Exchange. The …

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Ghana stock market bounces back  

Trading on the Ghana Stock Exchange (GSE) bounced back after eight consecutive weeks of cautionary plays and profit-taking, investors turned slightly bullish this week. The benchmark GSE-Composite Index rose by 1.5 per cent to close the week at 2,921.7 points, Nordea Capital Investment Stock Expert review the first week of …

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