Demand and Supply Position on the Gse Key 54321 High Fairly High Moderate Fairly Low Low

Total Page:16

File Type:pdf, Size:1020Kb

Demand and Supply Position on the Gse Key 54321 High Fairly High Moderate Fairly Low Low DEMAND AND SUPPLY POSITION ON THE GSE KEY 54321 HIGH FAIRLY HIGH MODERATE FAIRLY LOW LOW BID/DEMAND DD OFFER/SUPPLY SS HIGH FAIRLY HIGH MODERATE FAIRLY LOW LOW LISTED EQUITIES TICKER 54321 AGRO PROCESSING Benso Oil Palm Plantation Ltd BOPP SS DD Golden Web Ltd GWEB SS DD BANKING AND FINANCE Cal Bank Ltd CAL SS DD Ecobank Ghana Ltd EBG DD/SS Ecobank Transnational Inc ETI SS DD Ghana Commercial Bank Ltd GCB SS DD HFC Bank (Ghana) Ltd HFC SS DD Standard Chartered Bank Ltd SCB DD SS SG-SSB Ltd SG-SSB SS DD Trust Bank Ltd ( The Gambia) TBL SS DD UT Financial Services Ltd UT SS DD BREWERIES Accra Brewery Co Ltd ABL SS DD Guinness Ghana Breweries Ltd GGBL DD SS DIST AND TRADING CFAO Ghana Ltd CFAO SS DD Mechanical Lloyd Co Ltd MLC SS DD Produce Buying Co Ltd PBC SS DD CONSUMER PRODUCTS Fan Milk Ltd FML DD SS PZ Cussons Ghana Ltd PZ SS DD Unilever Ghana Ltd UNIL SS DD ICT INDUSTRY Clydestone (Ghana) Ltd CLYD SS DD Transaction Solns (Ghana) Ltd TRANSOL SS DD INSURANCE Enterprise Insurance Co Ltd EIC SS DD SIC Insurance Co Ltd SIC DD/SS MANUFACTURING Aluworks Ltd ALW SS DD Cocoa Processing Co Ltd CPC SS DD Pioneer Kitchenware Ltd PKL SS DD Super Paper Products Co Ltd SPPC SS DD MINING AngloGold Ashanti Ltd AGA SS DD AngloGold Ashanti Depository AADs SS DD Golden Star Resources Ltd GSR SS DD PETROLEUM Total Petroleum Ghana Ltd TOTAL SS DD Ghana Oil Co Ltd GOIL DD SS PHARMACEUTICALS Ayrton Drug Manufg Ltd AYRTN SS DD Starwin Products Ltd SPL SS DD PRINTING AND PUBLISHING Camelot Ghana Ltd CMLT SS DD Sam Woode Ltd SWL SS DD PREFERENCE SHARES Stanchart Preference Shares SCB-PREF SS DD.
Recommended publications
  • Ecobank Group Annual Report 2018 Building
    BUILDING AFRICA’S FINANCIAL FUTURE ECOBANK GROUP ANNUAL REPORT 2018 BUILDING AFRICA’S FINANCIAL FUTURE ECOBANK GROUP ANNUAL REPORT 2018 ECOBANK GROUP ANNUAL REPORT CONTENTS 05 Performance Highlights 08 Ecobank is the leading Pan-African Banking Institution 09 Business Segments 10 Our Pan-African Footprint 15 Board and Management Reports 16 Group Chairman’s Statement 22 Group Chief Executive’s Review 32 Consumer Bank 36 Commercial Bank 40 Corporate and Investment Bank 45 Corporate Governance 46 Board of Directors 48 Directors’ Biographies 53 Directors’ Report 56 Group Executive Committee 58 Corporate Governance Report 78 Sustainability Report 94 People Report 101 Risk Management 141 Business and Financial Review 163 Financial Statements 164 Statement of Directors’ Responsibilities 165 Auditors’ Report 173 Consolidated Financial Statements 178 Notes to Consolidated Financial Statements 298 Five-year Summary Financials 299 Parent Company’s Financial Statements 305 Corporate Information 3 ECOBANK GROUP ANNUAL REPORT 3 PERFORMANCE HIGHLIGHTS 5 ECOBANK GROUP ANNUAL REPORT PERFORMANCE HIGHLIGHTS For the year ended 31 December (in millions of US dollars, except per share and ratio data) 2018 2017 Selected income statement data Operating income (net revenue) 1,825 1,831 Operating expenses 1,123 1,132 Operating profit before impairment losses & taxation 702 700 Impairment losses on financial assets 264 411 Profit before tax 436 288 Profit for the year 329 229 Profit attributable to ETI shareholders 262 179 Profit attributable per share ($): Basic
    [Show full text]
  • The Determinants of Bank's Profitability in Ghana, The
    The Determinants of Bank’s Profitability in Ghana, The Case of Merchant Bank Ghana Limited (MBG) and Ghana Commercial Bank (GCB) By Anthony Kofi Krakah & Aaron Ameyaw Henrik Sällberg (Supervisor) Master’s Thesis in Business Administration, MBA programme 2010 Table of Contents Table of Contents ............................................................................................................................................ i ABSTRACT ...................................................................................................................................................... v ACKNOWLEDGEMENT ........................................................................................................................................ vi CHAPTER ONE ............................................................................................................................................... 1 1.0 INTRODUCTION ...................................................................................................................................... 1 An overview of the banking industry in Ghana ..................................................................................................... 3 1.2 Background of the banks ......................................................................................................................... 6 Global Banking Industry .................................................................................................................. 12 Statement of the problem ..........................................................................................................................
    [Show full text]
  • Has Gse Played Its Role in the Economic Development of Ghana?
    CAPITAL MARKET 23 YEARS AND COUNTING: HAS GSE PLAYED ITS ROLE IN THE ECONOMIC DEVELOPMENT OF GHANA? 1st CAPITAL MARKET CONFERENCE BY EKOW AFEDZIE, DEPUTY MANAGING DIRECTOR MAY 10, 2013 INTRODUCTION Ghana Stock Exchange (GSE) was established with a Vision: -To be a relevant, significant, effective and efficient instrument in mobilizing and allocating long-term capital for Ghana’s economic development and growth. INTRODUCTION OBJECTIVES - To facilitate the Mobilization of long term capital by Corporate Bodies/Business and Government through the issuance of securities (shares, bonds, etc). - To provide a Platform for the trading of issued securities. MEMBERSHIP OF GHANA STOCK EXCHANGE GSE as a public company limited by Guarantee has No OWNERS OR SHAREHOLDERS. GSE has Members who are either corporate or individuals. There are two categories of members:- - Licensed Dealing Members - 20 - Associate Members - 34 HISTORICAL BACKGROUND 1968 - Pearl report by Commonwealth Development Finance Co. Ltd. recommended the establishment of a Stock Exchange in Ghana within two years and suggested ways of achieving it. 1970 – 1989 - Various committees established by different governments to explore ways of bringing into being a Stock Exchange in the country. HISTORICAL BACKGROUND 1971 - The Stock Exchange Act was enacted. - The Accra Stock Exchange Company incorporated but never operated. Feb, 1989 - PNDC government set up a 10-member National Committee on the establishment of Stock Exchange under the chairmanship of Dr. G.K. Agama, the then Governor of the Bank of Ghana. HISTORICAL BACKGROUND July, 1989 - Ghana Stock Exchange was incorporated as a private company limited by guarantee under the Companies Code, 1963. HISTORICAL BACKGROUND Nov.
    [Show full text]
  • A Study of Ecobank Ghana Limited and the Trust Bank
    Texila International Journal of Management Volume 3, Issue 2, Nov 2017 Synergies from Mergers and Acquisitions: A Study of Ecobank Ghana Limited and the Trust Bank Article by Daniel Kwabla- King Management, Texila American University, Ghana E-mail: [email protected] Abstract The Social Security and National Insurance Trust (SSNIT) the national Pension Scheme managers in Ghana with significant stake in the Ghanaian banking industry, in the year 2011 made a strategic move to drive bank consolidation in Ghana through the swapping of its shares in The Trust Bank (TTB) for ETI’s shares in Ecobank Ghana Limited (EBG). This study was set examine whether synergies were derived from the merger. It also examined whether the objectives set by SSNIT were met and finally determine whether the bank has remained competitive after the merger. The approach used for the study was quantitative technique and case study which concluded that the merger of Ecobank Ghana Limited and TTB achieved the intended results for SSNIT. Keywords: Synergies, Merger, Acquisition, Ecobank Ghana Limited, the Trust Bank, SSNIT, Ghana. Introduction The Social Security and National Insurance Trust (SSNIT) which had shares in most banks with controlling interest in TTB, in line with realigning its investments portfolio to achieve maximum returns, decided to drive bank consolidation through the swapping of its shares in The Trust Bank (TTB) for ETI’s shares in Ecobank Ghana Limited (EBG). The objective of the merger was to take advantage of efficiencies and synergies leading to enhanced shareholder value. Making a case for the merger, it was established that the core business of TTB was Commercial and retail banking with their focus on Small and Medium Scale Enterprises (SMEs).
    [Show full text]
  • BUSINESS CONSOLIDATION and ITS IMPACT on FINANCIAL PERFORMANCE: EVIDENCE from the GHANAIAN BANKING INDUSTRY Haruna Maama1
    European Journal of Accounting Auditing and Finance Research Vol.5, No.8, Pp.62-76, August 2017 ___Published by European Centre for Research Training and Development UK (www.eajournals.org) BUSINESS CONSOLIDATION AND ITS IMPACT ON FINANCIAL PERFORMANCE: EVIDENCE FROM THE GHANAIAN BANKING INDUSTRY Haruna Maama1. Rev Dr. John Poku2. Kennedy Frimpong3 1Kwame Nkrumah University of Science and Technology 2Senior Lecturer, Department of Accountancy, Kumasi Technical University, Ghana and Director, International Affairs and Institutional Linkages 3Lecturer, Department of Accountancy, Sunyani Technical University, Ghana ABSTRACT: The study provides empirical examination on the impact of business consolidation or mergers and acquisitions (M&A) on the financial performance of banks in Ghana. Both descriptive and correlational research designs were employed for the study. Two banks: Ecobank Ghana Ltd and Access Bank Ghana Ltd were chosen for the study. The annual reports of the banks from pre-merger period (2009 to 2011) and post-merger period (2012 to 2015) were used for the analysis. Two analysis techniques: ratio and regression analysis were used to examine the impact of mergers and acquisitions (M&A) on the profitability of these firms. Net profit margin (NPM) and return on capital employed (ROCE) were used as proxies for financial performance and Ordinary Least Square (OLS) regression model was used to estimate the level of impact of M&A on the performance of the banks. The study revealed that mergers and acquisitions (M&A) resulted to more than 80% growth in income and the net assets immediately after acquisition. The growth in profitability continued in subsequent years, however at a decreasing rates.
    [Show full text]
  • WEEKLY MARKET REVIEW 8 March 2019
    DATABANK RESEARCH WEEKLY MARKET REVIEW 8 March 2019 ANALYST CERTIFICATE & REQUIRED DISCLOSURE BEGINS ON PAGE 4 GSE MARKET STATISTICS SUMMARY Current Previous % Change Weekly Market Review Databank Free Float Index (DSI-20) 111.92 111.68 0.21% At the end of this week’s trading sessions, the Ghana GSE-CI Level 2,476.55 2,482.10 -0.22% Stock Exchange (GSE) recorded 10 price changes: 4 Market Cap (GH¢ m) 59,971.27 60,227.38 -0.43% YTD Return DSI-20 -4.88% -5.08% advancers and 6 decliners. The gainers for the week were YTD Return GSE-CI -3.72% -3.50% Ecobank Ghana (+10.24% w/w, GH¢7.75), GCB Bank Weekly Volume Traded (Shares) 4,899,415 1,963,159 149.57% (+8.26% w/w, GH¢3.80), Enterprise Group (+2.29% w/w, Weekly Turnover (GH¢) 3,905,685 12,076,818 -67.66% GH¢2.23) and Camelot (+11.11% w/w, GH¢0.10). Societe Avg. Daily Volume Traded (Shares) 372,148 290,938 27.91% Generale (-8.16% w/w, GH¢0.90), Total Petroleum (- Avg. Daily Value Traded (GH¢) 778,082 759,192 2.49% 1.53% w/w, GH¢4.52), Cal Bank (-2.91% w/w, GH¢1.00) No. of Counters Traded 16 22 and MTN Ghana (-2.70% w/w, GH¢0.72) were the top No. of Gainers 4 5 laggards. No. of Laggards 6 6 Trading activity slackened this week. Total Market Turnover for the week slowed ~68% w/w to ~GH¢3.91 KEY ECONOMIC INDICATORS million.
    [Show full text]
  • Weekly Market Watch Sic-Fsl Investment+ Research| Market Reviews|Ghana
    WEEKLY MARKET WATCH SIC-FSL INVESTMENT+ RESEARCH| MARKET REVIEWS|GHANA 8th January, 2015 STOCK MARKET ACCRA BOURSE MAKES PROMISING START INDICATORS WEEK OPEN WEEK END CHANGE The year 2014 has begun living up to expectations as bullish runs in equities from the petroleum, finance and consumer Market Capitalization (GH¢ goods sectors saw the annual returns of the broader market 'million) 64,352.42 64,229.12 -0.19% Market Capitalization (US$' inch up to 0.42% last Thursday. Though, most equities gave million) 20,109.50 20,014.06 -0.47% up their opening prices, rise in the market value of Ghana Oil Petroleum Company Limited (GOIL), Societe Generale Ghana Volume traded (shares) 783,118.00 573,274.00 -26.80% Table 1: Market Summary Limited (GOIL) and Fan Milk Limited (FML) were enough to close the week’s activities on a positive note. Key benchmark indices closed the week better despite slight volatilities during inter-day trading. The GSE Composite INDEX ANALYSIS index closed at a year-to-date return of 0.42% whiles the GSE Financial Stocks Index settled at 0.67% returns. INDICATORS Closing Week YTD Level Change CHANGE Total market capitalization of the Ghana Stock Exchange was GH¢64.23 billion, an equivalent to USD20.00 billion. GSE Composite Index 2,270.57 0.42% 0.42% GSE Financial Stocks Index 2,258.77 0.67% 0.67% Table 2: Key Stock Market Indices LIQUIDITY The absence of block trades over the period saw liquidity comparatively down last week. All in all, an approximate figure of 573,274 shares exchanged hands within the first trading week of the year, and was also valued about GH¢2.48 million.
    [Show full text]
  • Weekly Stock Market Report
    MARKET REPORTS Weekly Capital Market Recap: March 05, 2021 Stock Market Highlights Indicator Previous Current Chg (%) Open Closing GSE-CI 2,200.92 2,207.95 0.32% Company Price ¢ Price ¢ Gain/Loss • Gains in banking and telecom stocks pushed the YTD (GSE-CI) 13.36% 13.72% CalBank PLC 0.80 0.83 3.75% benchmark index 0.32% higher to close at a new GSE-FI 1,873.31 1,864.75 -0.46% Societe Generale Ghana PLC 0.73 0.74 1.37% year high of 2,207.95 with a 13.72% year-to-date YTD (GSE-FI) 5.08% 4.60% Scancom PLC 0.82 0.83 1.22% return. Market capitalization declined by 0.16% Mkt Cap (GHC) 57,152.18 57,060.29 -0.16% Ecobank Transnational Inc. 0.08 0.07 -12.50% to settle at GH¢57.06 billion. Volume 7,337,137 37,365,691 409.27% • The GSE-FI however slid 0.16% due to a loss in Value (GHC) 6,334,814 29,990,379 373.42% ETI (-12.50%) to close at 1,864.75 with a 4.60% year-to-date return. Top Trades by Value GHC Activity Levels Increased MTNGH 28,824,904 GGBL 641,435 • A total of 37,365,691 shares valued at GCB 260,976 GH¢29,990,379 changed hands this week compared to 7,337,137 shares valued at GH¢6,334,814 last week. Index YTD Performance (%) as at 5th March 2021 • MTN Ghana dominated trading activity, 16.00 accounting for 96.11% of total value traded.
    [Show full text]
  • WEEKLY MARKET REVIEW 3 November 2017
    DATABANK RESEARCH WEEKLY MARKET REVIEW 3 November 2017 ANALYST CERTIFICATE & REQUIRED DISCLOSURE BEGINS ON PAGE 4 GSE MARKET STATISTICS SUMMARY Current Previous % Change Market Indices Maintain Bullish Performance (w/w): Databank Stock Index 30,388.18 30,209.24 0.59% By the end of this week’s trading session, the Ghana Stock Exchange’s Composite Index GSE-CI Level 2,367.28 2,352.11 0.64% increased by 15.15 points w/w to ~2,367 points while the Databank Stock Index (DSI) surged by 178.94 points w/w to 30,388 points. The year-to-date returns of the GSE-CI Market Cap (GH¢ m) 58,057.10 58,497.34 -0.75% and the DSI are recorded at 40.15% and 36.07% respectively. YTD Return DSI 36.07% 35.27% Market activity improved by ~32% w/w to 5.37 million shares on the back of block trades YTD Return GSE-CI 40.15% 39.25% in Cal Bank and Total Petroleum. The total volume of shares traded were valued at Weekly Volume Traded (Shares) 5,365,067 941,100 470.08% GH¢8.97 million. Cal Bank and Total Petroleum accounted for ~94% of the aggregate volume of shares traded. Weekly Turnover (GH¢) 8,973,736 3,004,202 198.71% Avg. Weekly Volume Traded The market breadth of the bourse was negative (w/w) with 6 gainers and 7 laggards. 1,443,315 1,417,645 1.81% Unilever Ghana was the best performer (w/w), surging by 39Gp to GH¢10.99.
    [Show full text]
  • 1 CONTACT DETAILS of PENSION FUND CUSTODIANS No. Company
    CONTACT DETAILS OF PENSION FUND CUSTODIANS No. Company Name & Address Location Company Company Email & Website Contact Telephone # Person/Mobile 1. ECOBANK GHANA LIMITED Ecobank Ghana 0302-681146–8 [email protected] Vera-Marie Ayitey- PMB, GPO, Accra. Head Office. 0302-680869 Smith 0244-483036 2. STANDARD CHARTERED BANK High Street, 0302-664591–8, [email protected] Beverly Firmpong GHANA LTD. Accra 0302-769210–22 [email protected] 0302-633569 P. O. Box 768, Accra. 0202-023933 3. STANBIC BANK GHANA Stanbic Heights, 0302-610690 [email protected] Eunice Amoo- LIMITED Airport City, www.stanbic.com.gh Mensah P. O. Box CT 2344, Accra. Accra [email protected] 0244-333145 4. CAL BANK LIMITED No. 23 0302798334/5 [email protected] Nan Opoku (Ms.) P. O. Box 14596, Accra- Ghana. Independence www.calbank.net 0244-601170 Avenue-Ridge, [email protected] Accra 5. GUARANTY TRUST BANK 25A, Castle 0302-611560 [email protected] Solace Fiadjoe (GHANA) LTD. Road, 0302-662727 [email protected] 0504-100263 P. O. Box CT 416, Cantonment Ambassadorial www.gtbghana.com Area, Ridge, Accra. 6. AGRICULTURAL ADB House, 0302-770403 [email protected] Elorm Aidem DEVELOPMENT BANK Independent 0302-762104 www.agricbank.com 0244-253181 P. O. Box 4191, Accra. Avenue, 0302-783123 [email protected] Accra. 0302-784394 0302-262085 7. REPUBLIC BANK GHANA #48A, Sixth 0302-664372 www.republicghana.com Audrey Smith LIMITED Avenue, North 0302-668890 [email protected] Dadzie Head of Custody Services Ridge, Accra [email protected] 0208-737616 Department P. O. Box CT4603, Cantonment, Accra.
    [Show full text]
  • 5Th Ghana CEO Summit Magazine
    ADVERT 1 Programme 09:30 – 11:00AM. SESSION ONE – KEYNOTE SPEECHES The 5th Ghana CEO Summit - Programme Outline – MONDAY 17TH –TEUSDAY 18TH MAY 2021 09:30 – 11:00AM. SESSION ONE – KEYNOTE SPEECHES Day 1 - MONDAY 17TH 09:30 – 11:00AM. SESSION ONE – KEYNOTE SPEECHES Expert Insight: Dr. Bright C. Mawudor PHD, Practice Lead, Managed Security Services & Consulting (MEA), Intelligent Security, Dimension Data. Topic - C-Level Engagement in Building Organizational Cyber Resilience in the Covid-19 Era Keynote Speaker I: Dr. K. K. Sarpong, CEO, GNPC. Topic: Digital Transformation: Resetting the Corporate Governance Agenda for a Post-Pandemic Economic Resilience Keynote Speaker II: Mr. Emmanuel Antwi-Darkwa, Chief Executive, Volta River Authority (VRA). Topic – “Powering Ghana’s Digital Agenda with Clean & Sustainable Energy”. SIGA Statement: Hon. Stephen Asamoah Boateng, Director General, State interests and Governance Authority (SIGA). Speech – Mr. Kofi Adomakoh, CEO, GCB Bank. Presentation - Mr. Enoch Entsua-Mansah, CEO, Eris Properties. Keynote Speaker III: Mr. Moses Baiden Jnr, CEO, Margins Group. Topic - The Power of Digital Identities in Resetting Ghana’s Economy. PFABG Keynote Speaker IV: Dr. Maxwell Opoku-Afari, First Deputy Governor, Bank of Ghana. Topic - Resetting Ghana’s Economy: Policy response & Strategies for building a resilient Economy Post-Covid pandemic. Sponsor Presentations and Videos Co ee Break & Networking. 11:00AM – 12 NOON. SESSION TWO – SUMMIT OPENING & PRESIDENTIAL DIALOGUE 5TH GHANA CEO SUMMIT SPEECH: Mr. Ernest De-Graft Egyir CEO, Chief Executives Network Ghana. PRESIDENTIAL SPEECH BY H. E. PRESIDENT NANA AKUFO-ADDO. The President Of The Republic Of Ghana. The Special Guest Of Honour. OFFICIAL OPENING OF THE 5TH GHANA CEO SUMMIT, CORPORATE EXHIBITION, GROUP PHOTOGRAPH & DIALOGUE WITH THE PRESIDENT OF THE REPUBLIC OF GHANA.
    [Show full text]
  • The Republic of Ghana the Africa Country Series
    2016 The Africa Country Series The Republic Of Ghana The Africa Country Series The Republic Of Ghana May 2016 Acknowledgements Team Leader: Samir S. Amir Lead Researcher: Falak Hadi Disclaimer The findings, interpretations and conclusions expressed herein do not necessarily reflect the views of the Board of Directors and Members of the Pakistan Business Council or the companies they represent. Any conclusions of analysis based on ITC, IDB, CTS, UNCTSD and WTO data are the responsibility of the author(s) and do not necessarily reflect the opinion of the WTO, IMF or UN. Although every effort has been made to cross-check and verify the authenticity of the data, the Pakistan Business Council, or the author(s) do not guarantee the data included in this work. All data and statistics used are correct as of 28th February 2016, and may be subject to change. Unless otherwise stated, all monetary amounts are given in USD (millions). For any queries or feedback regarding this report, please contact [email protected] or falak@ pbc.org.pk ii The Republic of Ghana The Pakistan Business Council: An Overview The Pakistan Business Council (PBC) is a business policy advocacy forum, representing private- sector businesses that have substantial investments in Pakistan’s economy. It was formed in 2005 by 14 (now 52) of Pakistan’s largest enterprises, including multinationals, to allow businesses to meaningfully interact with government and other stakeholders. The Pakistan Business Council is a pan-industry advocacy group. It is not a trade body nor does it advocate for any specific business sector.
    [Show full text]