Thursday, October 31, 2013

CAL Bank & StanChart's Earnings up for 3rd Quarter

CAL Bank Ltd, (CAL) a GSE listed stock reported a 9-months profit after tax of GHS 64.86 million, up 115% year on year. Total Assets grew by 39% from GHS1.02 billion in Q3 2012, to GHS 1.42 billion. The bank experienced a 50.3% growth in the loan book, from GHS 639.00 million in Q3 2012, to GHS 960.27 million in Q3 2013.

Standard Chartered Bank, (SCB) reported an 80.4% year on year growth in net profits for Q3 2013, from GHS80.19 million in Q3'12 to GHS 144.62 million. Total assets of the bank increased by 54.9% to GHS 3.49 billion. 

Saturday, October 19, 2013


The 100 companies being awarded are the top 100 high performing companies in Ghana, from both the public and private sectors.  The Ghana Club 100 (GC 100) is an annual compilation of the top 100 companies in Ghana to give due recognition to successful enterprise building and was launched in 1998 by the Ghana Investment Promotion Centre (GIPC). Below are Top 10.

Wednesday, October 16, 2013

Bloomberg fired Ghana Stock Exchange (GSE)? What happened?

What has happened to the relationship between Ghana Stock Exchange (GSE) and Bloomberg?
On 2nd March 2010, Ghana Stock Exchange announced its relationship with Bloomberg and issued a Press Release stating that “GSE data is now available worldwide on Bloomberg ”.
According to Mr. Kofi Yamoah, Managing Director of the Ghana Stock Exchange, “this new development is in line with the GSE’s vision of reaching out to investors globally and ensuring

Tuesday, October 8, 2013

AngloGold Ashanti (AGA) lists additional shares on GSE: Find out more.

The Ghana Stock Exchange (GSE) has on Monday, October 7, 2013 admitted to its list, 18,140,000 ordinary shares of 0.25cents each issued by AngloGold Ashanti Limited.

The shares were issued for the purposes of the conversion of an aggregate principal amount of US$686,162,400, 6% Mandatory Convertible Subordinate Bonds due on September 15, 2013. 

The bonds were issued by AngloGold Ashanti Holdings Finance plc, a wholly-owned subsidiary of the company and fully and unconditionally guaranteed on a subordinated basis.

The directors of AGA acting on the shareholders resolution of a general meeting held on October 26, 2010, on August 27, 2013 authorized the issue and the allotment of the said shares.  The shares were in accordance with the terms of the transaction.

Source: GSE


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