DOCSLIB.ORG

Plc Annual Report and Financial Statements for the Year Ended 31

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Plc Annual Report and Financial Statements for the Year Ended 31 ACCESS BANK (GHANA) PLC ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018 Access Bank (Ghana) Plc Annual Report for the year ended 31 December 2018. CONTENTS Page Corporate information 1 Financial highlights 2 Report of the directors 3 – 4 Corporate governance report 5 – 8 Independent auditor’s report 9 – 14 Separate and consolidated financial statements: - Statement of comprehensive income 15 - Statement of financial position 16 - Statement of changes in equity 17 – 18 - Statement of cash flows 19 - Notes 20 – 86 Shareholder information 87 Other financial information 88 – 92 Valued Added Statement 93 Access Bank (Ghana) Plc Annual Report for the year ended 31 December 2018. CORPORATE INFORMATION Board of Directors Frank Beecham (Chairman) Olumide Olatunji (Managing Director: appointed 5 December 2018) Oludolapo Ogundimu Dela Selormey Abena Amoah Ernest Mintah Joyce Dimkpa Kolawole Ajimoko Kris Ifeanyi Njoku (Resigned 5 December 2018) Secretary Albert Kwame Gyan Auditor PricewaterhouseCoopers No. 12 Airport City UNA Home, 3rd Floor PMB CT 42, Cantonments Accra Registered office Access Bank (Ghana) Plc Starlets ’91 Road Opp. Accra Sports Stadium, P.O. Box GP 353 Osu Accra 1 Access Bank (Ghana) Plc Annual Report for the year ended 31 December 2018. FINANCIAL HIGHLIGHTS OF THE GROUP (In thousands of Ghana Cedis) 2018 2017 Revenue 524,143 466,351 Profit before income tax 71,788 58,597 Profit after income tax 49,846 29,599 Shareholders’ funds 632,761 469,758 Capital expenditure (including intangible assets) 22,785 27,225 Total assets 3,541,014 3,199,809 Earnings per share (basic and diluted) (Ghana pesewas) 28 25 Net assets per share (GH¢) 3.64 3.98 2 Access Bank (Ghana) Plc Annual Report for the year ended 31 December 2018. REPORT OF THE DIRECTORS The directors present their report together with the audited financial statements for the year ended 31 December 2018 in accordance with the Companies Act, 1963 (Act 179) and the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930) which discloses the state of the affairs of the Bank and the Group. Statement of directors’ responsibility The directors are responsible for the preparation of financial statements for each financial year, which gives a true and fair view of the state of affairs of the Group and the profit or loss and cash flows for that period. In preparing these financial statements, the directors have selected suitable accounting policies and applied them consistently, made judgements and estimates that are reasonable and prudent and followed International Financial Reporting Standards and complied with the requirements of the Companies Act 1963 (Act 179) and the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930). The directors are responsible for ensuring that the Group keeps proper accounting records that disclose with reasonable accuracy at any time the financial position of the Group. The directors are also responsible for safeguarding the assets of the Group and taking reasonable steps for the prevention and detection of fraud and other irregularities. We have no plans or intentions, for example to dispose of the business or cease operations that may materially alter the carrying value or classification of assets and liabilities reflected in the financial statements. Financial report The financial results for the year ended 31 December 2018 are as follows; In thousands of Ghana Cedis The Group The Bank Profit before tax 71,788 71,788 from which is deducted: National fiscal stabilisation levy of 3,589 3,589 Income tax expense of 18,353 18,353 Leaving a net profit after tax of 49,846 49,846 when added to the balance brought forward on income surplus account of 44,319 43,298 less changes on initial application of IFRS 9 and other reserves of (11,034) (11,034) Leaving a balance of 33,285 32,264 less transfer to stated capital and cost thereon of (40,540) (40,540) less transfers to credit risk reserve (56,289) (56,289) less transfers to statutory reserve (24,923) (24,923) gives a deficit on income surplus account carried forward of (38,621) (39,642) In accordance with Section 34(1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930), an amount of GH¢24,923,000 was transferred to the statutory reserve fund from the income surplus account, bringing the cumulative balance on the statutory reserve fund to GH¢154,202,000 at the year end. 3 Access Bank (Ghana) Plc Annual Report for the year ended 31 December 2018. REPORT OF THE DIRECTORS (continued) The board of directors do not recommend the payment of dividend for the year ended 31 December 2018. Directors and their interests The present membership of the Board is set out on page 1. The directors’ interests in the issued ordinary shares of the Bank at 31 December 2018 is as follows: Name No. of shares Mr. Ogundimu Oludolapo 10,000 Directors' interests in contracts The directors have no material interest in contracts entered into by the Bank. Nature of business The Bank is authorised by Bank of Ghana to carry on the business of universal banking. Subsidiaries The Bank has two wholly owned subsidiaries; Big Ticket Holdings Limited (BTH) and Triumph Properties Limited (TPL). BTH operates as a leasing company. TPL is dormant. Holding company The Bank is a subsidiary of Access Bank Plc, a company incorporated in the Federal Republic of Nigeria and licensed to undertake banking and related services. Approval of the separate and consolidated financial statements The Board of Directors approved the separate and consolidated financial statements on 22 February 2019 and were signed on their behalf by: .......................................………...... ……....….............…………… Frank Beecham Olumide Olatunji Chairman Managing Director 4 Access Bank (Ghana) Plc Annual Report for the year ended 31 December 2018. CORPORATE GOVERNANCE REPORT The Bank is committed to implementing the best practice standards of corporate governance. It is governed under a framework that enables the Board to discharge its oversight functions while providing a strategic direction for the management. Board of Directors Composition The Board of Directors is made up of Seven (7) Non-Executive Directors and One (1) Executive Director, with a Non- Executive Chairman. The Board remains independent of management and carries out its functions in an objective and effective manner. Profile of the Board of Directors Frank W. K. Beecham, Chairman, 66 years Mr. Beecham holds an LLB from the University of Ghana and a Professional Qualifying Certificate from the Ghana school of Law. He was appointed as the Board Chairman on November 18, 2011. He is a lawyer by profession, a past president of the Ghana Bar Association and partner at Bram-Larbi, Beecham and Company. Mr. Beecham worked at Merchant Bank (Ghana) Limited (now known as Universal Merchant Bank) and its subsidiaries in 1977 where he served as General Manager (Corporate Business Development), Company Secretary, Legal Adviser and Registrar. Mr. Beecham was instrumental in setting up several companies by Merchant Bank including Merban Finance and Leasing Company, Universal Company Limited, and Universal Insurance Consultants Limited. Olumide Olatunji, Managing Director, 44 years Olumide Olatunji has over two decades of experience in banking, having held various high level positions in both Corporate and Commercial Banking and worked in various markets across the sub-region. In his most recent role as the Group Head of Commercial Banking Division in Access Bank Plc in Lagos, Olumide provided strong leadership in building and overseeing key strategic relationships for business success and growth. Prior to joining Access Bank in 2012, He worked as the Assistant General Manager for Corporate Banking in Skye Bank Plc in Nigeria and later was appointed as its pioneer Managing Director in Sierra Leone (2006-2011). During his tenor as Managing Director, Olumide is credited with the instrumental role he played in driving the Bank’s business and growth strategies to make it profitable. He is recognised as a result-oriented and astute banker after building an enviable career working for Guaranty Trust Bank Nigeria and Bond Bank Nigeria, where he garnered experience in the Commercial Banking, Public Sector and Corporate Banking divisions (1998-2005). He has also served on several boards including Access Bank Rwanda and Access Bank in DRC. Mr. Olatunji is an alumnus of Bangor Business School, Bangor University, Wales and University of Lagos, Nigeria. He holds an MBA from both universities and has gone through several management trainings including Orchestrating Winning Performance from International Institute for Management Development (IMD), Singapore. Joseph Vincent Dela Selormey, Non-Executive Director, 68 years Mr. Selormey, a Chartered Accountant and banker, holds an IMBA from Wisconsin International University, Ghana, and is a Fellow of the Institute of Chartered Accountants Ghana. He was appointed to the Board on February 11, 2013. He began his banking career at the Bank of Ghana in 1973 where he rose to the Head of Banking Supervision Department in 2010. Mr. Selormey led the implementation of the International Financial Reporting Standards by banks in Ghana. He also assisted in extending financial services to rural communities in Sierra Leone. Mr. Selormey currently works with Mark Trust as a member of the FinAScope Steering Committee. He is also a director of XDS Data Ghana Limited. 5 Access Bank (Ghana) Plc Annual Report for the year ended 31 December 2018. CORPORATE GOVERNANCE REPORT (continued) Abena Amoah, Non-Executive Director, 46 years Ms. Amoah is a financial and investment advisor and holds a BSc Administration in Accounting from the University of Ghana Business School and attended the University of Colorado’s Daniel College of Business. She was appointed to the Board in 2013. She has over 15 years of experience and began her career with Strategic African Securities.
Load more

Recommended publications
  • Market Review [H1-2017]
    Half-Year Market Review [H1-2017] July 2017 Economic Overview GDP Growth: Aided by increased crude oil production, the economy expanded by 6.6 percent on year-on-year basis in the first quarter of 2017 compared to 4.4 percent in the same period in 2016. The non-oil sector GDP growth stood at 3.9 percent relative to 6.3 percent recorded for the same period in 2016. Economic growth has been weak since 2014, with GDP staying around 4 percent, due to lower prices for Monetary Policy Easing: The Bank of Ghana reduced commodity exports and a fiscal crisis. The government its policy rate by 300 basis points during the first half has projected a GDP growth of 6.3 percent in 2017. of the year citing positive inflation outlook and a Fiscal Deficit: Central government operations for the relatively stable Ghana cedi. The benchmark interest first half of the year was largely in line with targets in rate was lowered 200 basis points in March to 23.50 the 2017 budget. Fiscal operations for the first half percent and further lowered by 100 basis points in May resulted in a cash deficit of 2.7 percent of GDP, against to 22.50 percent. a set target of 3.5 percent, mainly due to expenditure controls even as revenue fell below target. Total Fixed Income Market expenditure stood at 23.0 billion cedis against a target of 27.6 billion cedis whereas total revenue and grants Yields on GoG domestic securities trended downwards stood at 17.5 billion cedis against a target of 20.5 during the first half of the year, signaling a drive billion cedis.
    [Show full text]
  • ABG Customer Digest 2017 Feb Edition 1
    CUSTOMERS’ DIGEST VOLUME 4 NO. 1 | JANUARY - FEBRUARY 2017 ISSUE ‘W’ initiative marks 2nd Anniversary with national women’s summit Product Focus Key Speakers at the National Women's Summit In its maiden edition marking International Women’s Other speakers and panellists who took turns to speak at Day and coinciding with the 2nd year anniversary of the event were the CEO of Airtel Ghana and Access Access Bank’s award winning “W” initiative, the Bank’s ‘W’ Ambassador, Lucy Quist, Managing Director of National Women Summit has been applauded by FC Group of Companies and ‘W’ Ambassador Mrs. Grace Product Bundle leading women advocates for highlighting key issues Amey-Obeng, Pioneer of Spelling Bee in Ghana and ‘W’ • Mpower Salary Account that are affecting women development in Ghana. Ambassador Eugenia Techi-Menson and several others. • Goal Account • Premier Savings Account The summit, which was organised in partnership with All the speakers shared clear messages for women on • Automatic Salary Advance Charter House – an events management company, the importance of integrity, authenticity and attracted over 1,000 participants comprising professionalism as a vital tool for success. Access to a comprehensive traditional female leaders, students, corporate and range of loan products women entrepreneurs among others. The theme for Explaining the motive behind Access Bank’s support, the event was “Celebrating Ghanaian Women, 60 years the Head of Exclusive Banking at Access Bank, Matilda • Personal loan after Independence, the achievements and the future”. Asante-Asiedu noted that the Bank was passionate • Educational loan about helping women to succeed in various • Vehicle finance High profiled women personalities and speakers at the endeavours of their life especially as they constitute a • Home refurbishment loan event included Dr.
    [Show full text]
  • Daily Market Recap
    MARKET REPORTS Daily Stock Market Recap: June 14, 2021 Market Highlights Indicator Previous Current Chg (%) Open Closing Company Price ¢ Price ¢ Gain/Loss • The benchmark index opened the week on a GSE-CI 2,713.14 2,695.08 -0.67% Scancom PLC 1.25 1.24 -0.80% bearish note as MTNGH and ACCESS declined YTD (GSE-CI) 39.74% 38.81% Access Bank Ghana PLC 3.87 3.49 -9.82% by 0.80% and 9.82% respectively dragging the GSE-FI 1,896.48 1,885.01 -0.60% GSE-CI down by 0.67% to close at 2,695.08 with YTD (GSE-FI) 6.38% 5.74% a 38.81% year-to-date return. Mkt Cap (GH¢ M) 62,223.95 62,034.95 -0.30% • Market capitalization dropped by 0.30% to settle Volume 367,047 2,402,784 554.63% at GH¢62.03 million. Value (GH¢) 1,874,801 2,985,387 59.24% • The GSE Financial Index lost 0.60% as a result of losses in ACCESS Bank Ghana Plc. to close at 1,885.01 with a 5.74% year-to-date return. Top Trades by Value GH¢ MTNGH 2,976,195 Trading Activity Increased ACCESS 9,192 • Trading activities increased as a total of 2,402,784 shares valued at GH¢2,985,387 Index YTD Performance (%) as at 149h June 2021 changed hands compared to 367,047 shares valued at GH¢1,874,501 at the last session. • MTN dominated trading activity today, accounting for 99.69% of total value traded .
    [Show full text]
  • Mission Statement of Access Bank Ghana
    Mission Statement Of Access Bank Ghana Will still isochronizing antiseptically while velvet Anurag refuelling that parades. Inspiratory and hilly pasteboards!Terencio incasing his whipsaws polarized surfeit bright. Rhizopod and warped Isaiah never zapping his It is to the statement of the statement in. Ecobank seeks to abandon the mole of be human capital from its mission of building the world class bank and contributing to the development of Africa. Listing Requirements of the Nigeria Stock Exchange. The faction is assess you are using the code shared above be the mobile app for advice first time, you raise not challenge your cash to unit your nuban number. Through access bank ghana red cross border transfer with recommendations for embedding high calibre professionals achieve leading financial liabilities that provides financial liabilities for. Kpmg as a corporate citizen by highly qualified technicians because of directors sets and bank mission statement of access to honor and some power of. Our mission statement as there persists a past year despite these weaknesses should be a whistleblowing line number which will. Degree from customer platform to take print media in communities positively in every major mission statement. Login to clear Business Account. Fidelity bank of all required! Ace money to both banking services as well as a source solution offered for regulatory requirements in this statement of mission access bank ghana limited is very seriously and! Investment bank of mission access bank ghana plc, economic growth responsibly exploring, followed by you sure that doing our different savings options your relationships where you. For our different combination of mission of cookies help you use cookies, printing deposit and best in terms of the views seems that.
    [Show full text]
  • Access Bank (Ghana) Plc 2017 Annual Report
    INNOVATING FOR A SUSTAINABLE FUTURE Access Bank (Ghana) Plc 2017 Annual Report Contents 01| Overview Welcome 8 Business and Financial Highlights 9 Location and Offices 10 Chairman’s Statement 12 Managing Director’s Review 15 02| Business Review Corporate Philosophy 21 Milestones 22 Our Year in Review 23 Commercial Banking 27 Retail Banking 29 Corporate Banking 33 Public Sector 34 Investment Banking 35 Digital Banking 36 Operations and I.T. 38 Service Quality 39 Our People, Culture and Diversity 42 03| Sustainability and 06| Shareholder Risk Management Information Sustainability 50 Risk Management 54 Shareholder Engagement 142 Notice of Annual General Meeting 143 Proxy Form 145 04| Governance 07| Corporate Information The Board 60 Directors, Officers and Professional Advisors 64 Management Team 65 Branch Network 150 Directors’ Report 66 ATM Network 152 Independent Auditor’s Report 68 International Network 153 Directors’ Responsibilities 72 Authority of the Board 72 Board Effectiveness Review 73 Committees of the Board 74 05| Financials Statement of Comprehensive Income 78 Statement of Financial Position 79 Statements of Changes in Equity 80 Statement of Cash Flows 82 Notes 83 Top 20 Shareholders 133 Other Financial Information 134 Value Added Statement 138 Access Bank (Ghana) Plc 2017 Annual Report 5 01 Overview In this section, is an introduction to the report covering who we are, highlights of the financial results, the Chairman and MD’s reflections on the year and a snapshot of where and how we do business. Welcome 8 Business and Financial
    [Show full text]
  • 2020 Annual Public Debt Report
    The Annual Public Debt Report for the 2020 Financial Year Submitted to Parliament on Monday, 29th March, 2021 by Osei Kyei-Mensah-Bonsu, MP Minister Responsible for Finance In Fulfilment of the Requirements of Section 72 of the Public Financial Management Act, 2016 (Act 921) Annual Public Debt Report for the 2020 Financial Year The 2020 Annual Public Debt Report The 2020 Annual Public Debt Report is available on the internet at: www.mofep.gov.gh ii The 2020 Annual Public Debt Report Acronyms and Abbreviations ABED - Arab Bank for Economic Development ABN AMRO - ABN Amro Bank N.V. ABG - Access Bank (Ghana) Plc ADF - African Development Fund AfDB - African Development Bank APEX - ARB Apex Bank Limited AMCs - Asset Management Companies AMI - Asset Management Industry ATM - Average Time to Maturity ATR - Average Time to Re-fixing BAAG - Bank Austria AG BADB - Banco do Brasil BANS - Banco Santander BBNV - Belfius Bank NV/SA BBP - Barclays Bank UK Plc BELG - Government of Belgium BHI - Bank Hapoalim BMS - Bond Market Specialists BNDS - Banco Nacionale de Desenvolvimento Economico E Sociale BNP - Banque Nationale de Paris BoG - Bank of Ghana BoP - Balance of Payments BOST - Bulk Oil Storage and Transportation Company Ltd BMH - Mees Pierson NV CALB - CAL Bank Limited CBG - Consolidated Bank Ghana Limited CCAB - Credit Agricole CCRB - Cooeratieve Central Raifffeisen-Bank CDB - China Development Bank Corporation CITI - Citi Group CMBK - Commerzbank COVID-19 - Coronavirus Disease of 2019 CNY - Chinese Yuan CPI - Consumer Price Index CRAs - Credit Risk Assessments CSOB - Ceskoslovenska Obchodni Banka A.S CWE - China International Water & Electric Corporation DBF - Deutsche Bank, Frankfurt DBI - Deutsche Bank, Italy DBL - Deutsche Bank, London DBNY - Deutsche Bank, New York iii The 2020 Annual Public Debt Report DBSA - Deutsche Bank S.A.
    [Show full text]
  • Members' Profile
    MEMBERS’ PROFILE The Leading Voice of the private sector MEMBERS’ PROFILE The Leading Voice of the private sector Members’ Profile | 3 1 DANPONG HEALTHCARE LTD 67 Nungua Link, Spintex Road, Baatsona, Accra-Ghana COMPANY PROFILE What has grown to become the Danpong Group of Companies started as Danpong Pharmacy (GH) Ltd in September 1989, when Dr. Yaw Adu Gyamfi (Dr. Danpong) formed his initial pharmacy supply company. He launched his first pharmacy shop at Nungua in 1991 with only eight workers, toiling from 7am to 11pm – and often after hours – to build a community pharmacy that was loved by the people of Nungua. In October 1999, Dr Gyamfi expanded his business and set up a bigger pharmacy, a 15-bed clinic, and a modern medical lab at Baatsona, on Spintex Dr. Yaw Adu Gyamfi Road. CEO Through hard work, the sale of quality drugs and high health standards, the Danpong Group became widely known, with loyal customers coming from the nearby community and even further afield, with many referrals from various clinics and hospitals in Ghana. In 2005, Dr Gyamfi also started Danadams Pharmaceuticals Ltd, which focused on manufacturing and selling antiretroviral agents for HIV treatment, and anti-malarial medications. 4 | Members’ Profile Throughout its existence, the Danpong Group has As a company, we are committed to a vision of been committed to promoting good health. In the raising the standard of healthcare in Ghana, where past few years, the company has organized various our services are motivated by quality, affordability, health campaigns and medical screenings for the accessibility, and excellence in all we do.
    [Show full text]
  • Weekly Market Watch Sic-Fsl Investment+ Research| Market Reviews|Ghana
    WEEKLY MARKET WATCH SIC-FSL INVESTMENT+ RESEARCH| MARKET REVIEWS|GHANA 17th August, 2017 Address: No. 67A & B Switchback Road, Email: [email protected] Website: www.sic-fsl.com Phone: +233-302-767-051 +233-302-767-123 PANIC STRICKEN INVESTORS DRIVE PERFORMANCE STOCK MARKET DOWN Apprehension on the Ghana Stock Exchange (GSE) following INDICATORS WEEK OPEN WEEK END CHANGE the suspension of UT Bank from trading on the exchange saw Market Capitalization key market indices flop in last week’s activities. Fear stricken (GH¢'million) 57,543.70 57,324.93 -0.38% investors appeared to have rushed in reducing their Market Capitalization (US$'million) 13,149.54 13,070.58 -0.60% exposure on the equity market. In all, thirteen (13) equities witnessed price movement, seven (7) as gainers and the rest Volume traded (shares) 3,095,748.00 3,906,266.00 26.18% as laggards. Shares of Starwin Product Limited (SPL), Access Value Traded (GH¢) 4,285,336.43 4,531,245.20 5.74% Bank Ghana PLC (ACCESS), SIC Insurance Company Limited (SIC) and Ecobank Transnational Incorporated (ETI) were the Value Traded (US$) 979,259.26 1,033,162.75 5.50% most affected. Table 1: Market Summary The yields on the GSE-Composite Index (GSE-CI), the GSE INDEX ANALYSIS Financial Stocks Index (GSE-FSI) and the SIC-FSL Top 15 INDICATORS Closing Week YTD liquid Index (T-15 Index) dropped from their previous week Level Change CHANGE annual yields of 34.85%, 35.98% and 43.09% to settle at 34.65%, 35.48% and 41.28% respectively.
    [Show full text]
  • Daily Market Recap
    MARKET REPORTS Daily Stock Market Recap: January 18, 2021 Market Highlights Indicator Previous Current Chg (%) Open Closing GSE-CI 1,969.02 1,967.24 -0.09% Company Price ¢ Price ¢ Gain/Loss • Losses in ACCESS (-2.05%) and UNIL (-9.89%) YTD (GSE-CI) 1.41% 1.32% Republic Bank (Ghana) 0.41 0.45 9.76% dragged the benchmark index down by 0.09% to GSE-FI 1,789.66 1,795.32 0.32% Societe Generale Ghana 0.66 0.68 3.03% close at 1,967.24 with a 1.32% year-to-date YTD (GSE-FI) 0.39% 0.70% Access Bank Ghana PLC 4.39 4.30 -2.05% return while market capitalization increased by Mkt Cap (GH¢ M) 54,688.55 54,706.12 0.03% Unilever Ghana PLC 8.29 7.47 -9.89% 0.03% to settle at GH¢54.71 billion. Volume 31,167 110,076 253.18% • Financial stocks however advanced, led by Value (GH¢) 21,449 134,727 528.13% gains in RBGH (+9.76%) and SOGEGH (+3.03%) to close at 1,795.32 with a 0.70% year- Top Trades by Value GH¢ to-date return. MTNGH 47,775 ACCESS 46,440 Trading Activity Increased UNIL 10,436 • A total of 110,076 shares valued at GH¢134,727 changed hands compared to 31,167 shares valued at GH¢21,449 at the last session. Index YTD Performance (%) as at 18th January 2021 • MTN Ghana dominated trading activity, accounting for 35.46% of total value traded. 1.6 Outlook 1.4 • We expect activity to be low this week as 1.2 investors come back from the holiday break.
    [Show full text]
  • WEEKLY MARKET REVIEW 25 June 2018
    DATABANK RESEARCH WEEKLY MARKET REVIEW 25 June 2018 ANALYST CERTIFICATE & REQUIRED DISCLOSURE BEGINS ON PAGE 4 GSE MARKET STATISTICS SUMMARY Current Previous % Change Weekly Market Update Databank Stock Index 36,989.82 37,829.75 -2.22% The equities market ended the week with reducing year to date GSE-CI Level 2,918.27 2,989.68 -2.39% returns of 13.12% for the GSE’s Composite Index and 12.49% for Market Cap (GH¢ m) 58,718.96 62,501.44 -6.05% the Databank Stock Index. YTD Return DSI 12.49% 15.04% YTD Return GSE-CI 13.12% 15.89% The gainers this week were ACCESS (+17.65% GH¢4.00), ETI Weekly Volume Traded (Shares) 7,111,051 3,728,037 90.75% (+5.00%, 21Gp) and GOIL (+1.27% GH¢4.00). Weekly Turnover (GH¢) 10,906,829 1,946,907 460.21% The laggards were CAL (-2.40% GH¢1.22), EGH (-11.76% Avg. Daily Volume Traded 878,468 854,409 2.82% (Shares) GH¢9.00), GCB (-0.39% GH¢5.15), SCB (-0.66% GH¢27.15), TLW Avg. Daily Value Traded (GH¢) 3,788,144 3,859,240 -1.84% (-15.00% GH¢14.56), SOGEGH (-17.58%, GH¢1.36) and Total (- No. of Counters Traded 20 20 1.23%, GH¢4.00). No. of Gainers 3 5 A total of ~7.11 million shares valued at ~GH¢10.9 million were No. of Laggards 7 11 traded on the Ghana Stock Exchange this week. Outlook KEY ECONOMIC INDICATORS Fixed Income Market Current Previous Change We anticipate lackluster activity on the Ghana Stock Exchange 91-Day Treasury Bill 13.34% 13.30% +4bps next week with a price gain in Unilever Ghana.
    [Show full text]
  • Daily Market Recap
    MARKET REPORTS Daily Stock Market Recap: April 29, 2021 Market Highlights Indicator Previous Current Chg (%) Open Closing GSE-CI 2,436.62 2,437.68 0.04% Company Price ¢ Price ¢ Gain/Loss • The benchmark index advanced by 0.04% to YTD (GSE-CI) 25.50% 25.55% Fan Milk PLC 1.20 1.22 1.67% close at a new year high of 2,437.68 with a GSE-FI 1,864.04 1,865.57 0.08% Societe Generale Ghana 0.80 0.81 1.25% 25.55% year-to-date return on the back of gains YTD (GSE-FI) 4.56% 4.65% Enterprise Group 1.48 1.49 0.68% in three counters in the beverage, banking and Mkt Cap (GH¢ M) 59,495.31 59,506.44 0.02% insurance sectors. Market capitalization Volume 1,002,641 159,254 -84.12% increased by 0.02% to close at GH¢59.51 billion. Value (GH¢) 1,438,514 152,526 -89.40% • SOGEGH (+1.25%) and EGL (+0.68%) pushed the GSE-FI up by 0.08% to close at 1,865.57 Top Trades by Value GH¢ with a 4.65% year-to-date return. CAL 75,692 EGL 29,800 Trading Activity Declined SOGEGH 28,250 • A total of 159,254 shares valued at GH¢152,526 changed hands compared to 1,002,641 shares valued at GH¢1,438,514 at the last session. Index YTD Performance (%) as at 29th April 2021 • CAL dominated trading activity, accounting for 49.63% of total value traded.
    [Show full text]
  • Last Update: December 15, 1999
    OFFERING MEMORANDUM Quantum Terminals Plc LEI No.: 21380066TI76CPD41811 (Incorporated in Ghana on March 24, 2011 with registration number CA-87,037 as a private company limited by shares) (Converted to a public company limited by shares on October 31, 2016 with registration number PL000372016) (the Issuer) GHS 140,000,000 Domestic Medium Term Note Issuance Programme (the Programme) THE PROGRAMME The Programme is described fully in the attached offering memorandum (the Offering Document), the full text of which, save where amended below, is included in this Offering Memorandum and forms a part of it. The definitions in the Offering Document (except as otherwise stated) apply throughout this Offering Memorandum. ADDITIONAL INFORMATION ABOUT THIS OFFERING MEMORANDUM If the attached Offering Document remains subject to completion or amendment, this Offering Memorandum similarly remains subject to completion or amendment. No person has been authorised to give any information or to make any representation other than those contained or incorporated by reference into this Offering Memorandum and any decision to purchase securities should be based solely on information contained or incorporated by reference in this document. Application has been made to the London Stock Exchange for the Notes to be admitted to trading on the London Stock Exchange’s International Securities Market (ISM). The ISM is not a regulated market for the purposes of Directive 2014/65/EU. The International Securities Market is a market designated for professional investors. Notes admitted to trading on the International Securities Market are not admitted to the Official List of the UKLA. The London Stock Exchange has not approved or verified the contents of this Offering Circular.
    [Show full text]