DOCSLIB.ORG

Downloaded From

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Downloaded From GOIL COMPANY LIMITED Y E A R S 1 9 6 0 - 2 0 2 0 2AN0N1UA9L REPORT GGOILOIL CCOMPANYOMPANY LLIMITEDIMITED Y E A R S 1 9 6 0 - 2 0 2 0 2019 ANNUAL REPORT GOIL Company Limited Annual Report 2019 Good energy CONTENTS ComPANy Information 2 NOtice of Annual General Meeting 3 Board of DirECTorS 5 Management Team 13 Chairman’s SpeecH 14 Performance At A Glance (2015-2019) 17 FIVE-Year Financial REVIEW (2015-2019) 18 CorporATe EVents & ACTIVITIES 21 Report of The DirECTorS 25 Independent Auditor’S ReporT 28 Consolidated STATement of ComprEHENSIVe Income 32 Consolidated STATement of Financial POSITION 33 Consolidated STATement of Changes In EqUITy 34 Consolidated STATement of Cash FloWS 35 NOTES TO The Consolidated Financial STATements 36 PrOxy Form 65 1 GOIL Company Limited Annual Report 2019 Good energy COMPANY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2019 BOARD OF DIRECTORS: BANKERS: Hon. Peter Kwamena Bartels - Chairman GCB Bank Limited Hon. Kwame Osei-Prempeh - Group CEO & MD Standard Chartered Bank Ghana Limited Mr. Thomas Kofi Manu - Member Barclays Bank Ghana Limited (Absa Bank Mr. Beauclerc Ato Williams - Member Ghana Limited) Mrs. Beatrix Agyeman Prempeh - Member Mr. Robert Owusu Amankwah - Member Ecobank Ghana Limited Mrs. Rhoderline Baafour-Gyimah - Member Universal Merchant Bank Ghana Limited Mr. Stephen Abu Tengan - Member Agricultural Development Bank Limited Madam Philomena Sam - Member Prudential Bank Limited Zenith Bank (Ghana) Limited SECRETARY: First Atlantic Bank Limited Nana Ama Kusi-Appouh National Investment Bank Limited Societe Generale Ghana Limited AUDITOR: PKF Stanbic Bank Ghana Limited Chartered Accountants United Bank for Africa (Ghana) Limited Farrar Avenue Access Bank Ghana Limited P.O. Box GP 1219 Accra REGISTERED OFFICE: D 659/4, Kojo Thompson Road, P.O. Box GP 3183, Accra. 2 GOIL Company Limited Annual Report 2019 Good energy NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 51st Annual Note: General Meeting of the Shareholders of GOIL i. In compliance with the current restrictions Company Limited will be held VIRTUALLY and on public gatherings in force pursuant to streamed live by video link from www.goilagm. the imposition of Restrictions Act, 2020 (Act th com on Thursday, 20 August, 2020 at 11:00 am 1012) and consequent Regulatory Directives, for the transaction of the following business: attendance and participation by all members and/or their proxies in this year’s Annual AGENDA General Meeting of the Company shall be strictly virtual (i.e. by online participation) ORDINARY BUSINESS 1. To receive and consider the reports of the ii. A member entitled to attend and vote at Directors and the Auditors and the Financial the Annual General Meeting may appoint a Statements of the Company for the year proxy to attend (via online participation) and ended December 31, 2019. vote on his/her behalf. Such a proxy need not be a member of the Company. 2. To declare a dividend for the year ended December 31, 2019 iii. The appointment of a proxy will not prevent a member from subsequently attending 3. To elect Directors retiring by rotation and voting at the meeting (via online 4. To authorize the Directors to fix the participation). Where a member attends the remuneration of the Auditors meeting in person (participates online), the proxy appointment shall be deemed to be 5. To fix the remuneration of the Directors revoked. SPECIAL BUSINESS iv. A copy of the Form of Proxy can be downloaded from https://www.goilagm. 1. To authorize the Company to effect all com and may be filled and sent via email changes in the Company’s Regulations/ to: [email protected] or deposited Constitution to make it compliant with the at the registered office of the Registrar of new Companies Act 2019 (992). the Company, NTHC, MARTCO HOUSE, 2. To amend the Company’s Regulations/ D542/4, Okai Mensah Link, Off Kwame Constitution to accommodate the holding Nkrumah Avenue, Adabraka, Accra and of Annual General Meetings by electronic or Postal address as P. O. Box, KIA 9563, Accra virtual means where the Directors deem it to arrive no later than 48 hours before the necessary to do so. appointed time for the meeting. 3. To change the name of the Company from v. The 2019 Audited Financial Statements can GOIL Company Limited to GOIL Company be viewed by visiting https://www.goilagm. Limited (PLC) in compliance with the new com. Companies Act 2019 (Act 992). Accessing and Voting at the Virtual AGM Dated this 24th day of July, 2020. vi. A unique token number will be sent to BY ORDER OF THE BOARD shareholders by email and/or SMS from 6th August, 2020 to give them access to the meeting. Shareholders who do not receive this token can contact KEN MATE-KOLE or Nana Ama Kusi-Appouh [email protected] or call 0593105735 ComPANy SecrETary any time after 6th August, 2020 but before the date of the AGM to be sent the unique token. 3 GOIL Company Limited Annual Report 2019 Good energy NOTICE OF ANNUAL GENERAL MEETING CONT’D vii. To gain access to the Virtual AGM, 4. To Authorize the Directors to Fix the shareholders must visit https://www. Remuneration of the Auditors goilagm.com and input their unique token In accordance with Section 139 of the number on Wednesday, 19th August, 2020. Companies Act 2019, Act 992, Messrs Access to the meeting will start from 8:00am. Pannell Kerr Forster will continue in office For shareholders who do not submit proxy as Auditors of the Company. The Board forms to the Registrar of the company prior will request from members their approval to the meeting they may vote electronically to fix the remuneration of the Auditors in during the Virtual AGM again using their accordance with Section 140 of the new unique token number. Further assistance Companies Act, 2019, (Act 992). on accessing the meeting and voting electronically can be found on https://www. 5. To Fix the Remuneration of the Directors goilagm.com. The Board will request from members their For further information, please contact the approval to fix the remuneration of the Registrar Directors in accordance with Section 185 of NTHC, MARTCO HOUSE, D542/4, the new Companies Act, 2019, (Act 992). Okai Mensah Link, SPECIAL RESOLUTIONS Off Kwame Nkrumah Avenue, Adabraka, Accra 1. To Authorize the Company to effect all changes in the Company’s Regulations/ RESOLUTIONS TO BE PASSED AT THE ANNUAL Constitution to make it compliant with the GENERAL MEETING: new Companies Act 2019 (992) The Board of Directors will be proposing the following resolutions, which will be put to the 2. To amend the Company’s Regulations/ Annual General Meeting Constitution to accommodate the holding of Annual General Meetings by electronic or 1. To Receive the 2019 Accounts virtual means where the Directors deem it The Board shall propose the acceptance of necessary to do so. the 2019 Accounts as the true and fair view 3. To change the name of the Company from of the state of affairs of the Company for GOIL Company Limited to GOIL Company the year ended 31st December, 2019 and of Limited (PLC) in compliance with section its performance for the year then ended. 21(b) of the new Companies Act 2019 (Act 2. To Declare a Dividend 992). The Directors recommend the payment of a dividend of GH¢0.045 per share amounting to GH¢17,633,841.00 for the year ended 31st December 2019. 3. To Elect Directors Retiring by Rotation In accordance with Regulation 88 of the Company’s Regulations the following Directors who are retiring by rotation but are eligible for re-election shall be re-elected as Directors: Mr. Robert Owusu Amankwah Mr. Thomas Kofi Manu Mr. Stephen Abu Tengan 4 GOIL Company Limited Annual Report 2019 Good energy BOARD OF DIRECTORS Hon. Kwamena Bartels Hon. Kwame Osei-Prempeh Chairman Group CEO & MD Mr. Thomas Mr. Beauclerc Mrs. Beatrix Mr. Robert Owusu Kofi Manu Ato Willams Agyeman Prempeh Amankwah Member Member Member Member Mrs. Rhoderline Mr. Stephen Madam Baafour-Gyimah Abu Tengan Philomena Sam Member Member Member 5 GOIL Company Limited Annual Report 2019 Good energy PROFILE OF BOARD MEMBERS Profile of Hon. Kwamena Bartels Hon. Peter Kwamena Bartels is a Lawyer by profession born on 27th October, 1947. He attended Nungua Secondary School where he obtained his GCE Ordinary Level Certificate andM fantsipim School in Cape Coast for his Advance Level Certificate.H e proceeded to the University of Ghana where he graduated with an LLB (Honours) degree and then to the Ghana Law School for his BL degree in 1974. He was called to the Bar in 1974. Hon. Kwamena Bartels holds a Post-Graduate Certificate inP ersonnel Administration from the Ghana Institute of Management and Public Administration and Post- Graduate Certificate inU niversity Administration from University of Ife in Nigeria. He entered Parliament in 1997 as a Member of Parliament for the Ablekuma North Constituency. He was reelected in 2001 and 2004. Hon Kwamena Bartels held several Ministerial positions in Ghana including; • Minister of the Interior – Aug. 2007 – May 2008 • Minister for Information and National Orientation – May 2006 – Aug. 2007 • Minister for Private Sector Development & the President’s Special Initiative – 2002-2005 • Acting Minister of Tourism – May 2002 – April 2003 • Minister of Works and Housing – February 2001 – 2002 Hon. Peter Kwamena Bartels also has the following work experience: • Principal Assistant Registrar and Principal Lecturer in Law at the Anambra State Polytechnic, Oko from 1982 – 1984. • Assistant Registrar in charge of Personnel and Staff Training Programmes and later Students Affairs from 1974 – 1977. He also served as Secretary to Five Statutory Committees.
Load more

Recommended publications
  • Pension-Fund-Custodians-In
    NATIONAL PENSIONS REGULATORY AUTHORITY NPRA PUBLIC NOTICE á LIST OF REGISTERED PENSIONS FUND CUSTODIANS THAT HAVE FULFILLED THE PRESCRIBED REQUIREMENTS OF THE AUTHORITY FOR THE 2019 AUTHORISATION PROCESS. THE LICENCES ARE VALID UNTIL 31ST JULY, 2020 LICENCE / TELEPHONE NO. NAME OF SERVICE PROVIDER REGISTRATION PHYSICAL ADDRESS CONTACT PERSON NUMBERS NO. 1. Agricultural Development FC12005 Accra Financial Elorm Aidam 0244-253181 Bank Centre, 3rd Ambassadorial Development Area, Ridge-Accra 2. First Atlantic Bank Limited FC15001 Atlantic Place No. 1 Yvonne Oppong- 0541-704753 Seventh Avenue, Ayisi Ridge West, Accra 3. Standard Chartered Bank FC12002 Standard Chartered Beverly Frimpong 0202-023933 Ghana Limited Bank Head Office #Independence Avenue 4. Republic Bank Ghana FC12006 No 48A Sixth Audrey Smith 0208-737616 Limited Avenue, North Dadzie Ridge, Accra 5. Fidelity Bank Ghana Limited FC12011 1st Floor, Ridge Rebecca Gyebi 0544-338784 Towers, Accra Elias Augustine 0576-036467 Dey 6. Ecobank Ghana Limited FC12001 Ecobank Ghana Vera-Marie Ayitey- 0244-483036 Head Office, Accra Smith 7. Cal Bank Limited FC12004 No. 23 Nan Opoku (Ms.) 0244-601170 Independence Avenue-Accra Website: www.npra.gov.gh , e-mail: [email protected] “Ensuring Retirement Income Security” NATIONAL PENSIONS REGULATORY AUTHORITY NPRA PUBLIC NOTICE á LICENCE / TELEPHONE NO. NAME OF SERVICE PROVIDER REGISTRATION PHYSICAL ADDRESS CONTACT PERSON NUMBERS NO. 8. Stanbic Bank Ghana Limited FC12003 Stanbic Heights, Eunice Amoo- 0244-333145 Airport City, Accra Mensah 9. Zenith Bank Ghana Limited FC12013 31 Independence Alvin Abbah-Foli 0242-729012 Avenue, Accra 10. Prudential Bank Limited FC12007 8 John Harmond Seth Kyeremeh 0244-762652 Street, Ring Road Central, Accra 11.
    [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]
  • National Pensions Regulatory Authority
    NATIONAL PENSIONS REGULATORY AUTHORITY NPRA PUBLIC NOTICE á LIST OF REGISTERED PENSIONS FUND CUSTODIANS THAT HAVE FULFILLED THE PRESCRIBED REQUIREMENTS OF THE AUTHORITY FOR THE 2020 AUTHORISATION PROCESS. THE LICENCES ARE VALID UNTIL 31ST JULY, 2021 LICENCE / TELEPHONE NO. NAME OF SERVICE PROVIDER REGISTRATION PHYSICAL ADDRESS CONTACT PERSON NUMBERS NO. 1. Prudential Bank Limited FC12007 8 John Hammond Seth Kyeremeh 0244-762652 Street, Ring Road Central, Accra 2. Access Bank Ghana Limited FC20002 Starlets '91 Road Franklin Ayensu- 0244-128163 Opposite Accra Nyarko Sports Stadium, Osu 3. First National Bank Ghana FC20001 6th Floor Accra Hilda Esenam 0242-435156 Limited Financial Centre, Odame-Gyenti 0501-632441 Liberia Road. 4. Agricultural Development FC12005 Accra Financial Elorm Aidam 0244-253181 Bank Centre, 3rd Ambassadorial Development Area, Ridge-Accra 5. GCB Bank Limited FC18002 No. 2 Thorpe Road, John Ekow 0557-410577 Accra Appiah-Sam 6. Ecobank Ghana Limited FC12001 Ecobank Ghana Albert Amekugee 0244-427476 Head Office, Accra 7. Zenith Bank Ghana Limited FC12013 31 Independence Alvin Abbah-Foli 0242-729012 Avenue, Accra Website: www.npra.gov.gh , e-mail: [email protected] “Ensuring Retirement Income Security” NATIONAL PENSIONS REGULATORY AUTHORITY NPRA PUBLIC NOTICE á LICENCE / TELEPHONE NO. NAME OF SERVICE PROVIDER REGISTRATION PHYSICAL ADDRESS CONTACT PERSON NUMBERS NO. 8. Republic Bank Ghana FC12006 No 48A Sixth Audrey Smith 0208-737616 Limited Avenue, North Dadzie Ridge, Accra 9. Fidelity Bank Ghana Limited FC12011 1st Floor, Ridge Rebecca Gyebi 0544-338784 Towers, Accra Elias Augustine 0576-036467 Dey 10. Guaranty Trust Bank FC12008 25A Castle Road Michael Yevu 0504-100158 (Ghana) Limited Ambassadorial Area, Ridge, Accra 11.
    [Show full text]
  • Survey of Bank Charges
    Survey of Bank Charges Third Quarter, 2019 Financial Stability Department Contents Abbreviations ............................................................................................................................................................................................................................................. 3 DOMESTIC BANKING PRODUCTS AND SERVICES ....................................................................................................................................................................... 5 Savings account: E-banking Products and Services Fees ............................................................................................................................................................. 6 Initial Deposit Required for Savings Accounts ................................................................................................................................................................................. 7 Minimum Operating Balance Required for Saving Accounts ......................................................................................................................................................... 8 Current Account: Initial Deposit Required (IDR) and Minimum Operating Balance (MOB) ...................................................................................................... 9 Current Account Charges: Commission on Turnover (COT) ......................................................................................................................................................
    [Show full text]
  • 2012-Edition-GC100-Directory.Pdf
    2012 2012 DIRECTORY DIRECTORY NAME OF COMPANY BUSINESS CATEGORY LOCATION ADDRESS TELEPHONE FAX/E-MAIL/WEBSITE CONTACT PERSON TITLE 7 Dr. Amilcar Cabral Road, Accra (233-302) 770189/90/91 “(233-302) 770187 1 Abosso GoldFields Limited Mining Institution Airport Residential Area P. O. Box KA 30742 www.goldfields.co.za” Alfred Baku Managing Director Accra Banking Services [email protected] Head, Corporate 2 Acces Bank (Ghana) (Commercial & Merchant) “Starlets ‘91 Road “P. O. Box GP 353 Osu- Accra” (233-302) 684860 / 742699 www.accessbankplc.com/gh Matilda Asante-Aseidu Communications (233-302) 2688960 3 Accra Brewery Manufacturing - Beverages Opp. Ohene Djan Staduim” P. O. Box GP351 (233-302) 688851-6 [email protected] Gregory Metcalf Managing Director www.sabmiller.com (233-302) 685176 4 Activa International Insurance Company Non-Banking-Insurance Graphic Road, Adabraka PMB KA 85 (233-32) 686352 / 672145 [email protected] Limited www.group-activa.com “P. O. Box 35 Banking Service-Rural & 3rd Floor Heritage Tower, 6th Ave. West (233-322) 420926 / 90099 Lucy Opoku-Arthur Ag General Manager 5 Adansi Rural Bank Limited Community Banking Ridge, Accra Fomena-Adansi” Banking Services-Rural & 6 Adonten Community Bank Limited Community Banking Head Office: Fomena - Adansi P.O.Box 140 3420-24109/027-895636/027-7609343 3420-26780 [email protected] Mr.Francis Mensah Senior Manager Banking Services-Rural & 7 Ahantaman Rural Bank Limited Community Banking New Tafo, Akyem, Eastern Region P. O. Box 41, Ahanta (233-312) 23431 / 21016 (233-312)29116 David Bampoe General Manager Banking Services-Rural & 8 Amanano Rural Bank Limited Community Banking Agona Ahanta,Western Region P.
    [Show full text]
  • Summary of Status Report February 2020
    SUMMARY OF STATUS REPORT FEBRUARY 2020 1 MEMBERSHIP GFIM as at the end of February 2020 has 38 registered members categorized as follows: LICENSED DEALING MEMBERS PRIMARY DEALER BANKS 1. African Alliance Securities Limited 1. Access Bank Ghana Limited 2. Black Star Brokerage Limited 2. ARB Apex Bank 3. Bullion Securities Limited 3. ABSA Bank Ghana Limited 4. Databank Brokerage Limited 4. Cal Bank Ghana Limited 5. EDC Stockbrokers Limited 5. Consolidated Bank Ghana Limited 6. Teak Tree Brokerage Limited 6. Ecobank Ghana Limited 7. Republic Securities Ghana Limited 7. Fidelity Bank Ghana Limited 8. IC Securities Limited 8. GCB Bank Limited 9. NTHC Securities Ltd 9. Guaranty Trust Bank Ghana Limited 10. Prudential Stockbrokers Limited 10. Societe Generale Ghana Limited 11. SBG Securities Ghana Limited 11. Stanbic Bank Limited 12. SIC Brokerage Limited 12. Standard Chartered Bank Limited 13. Strategic African Securities Limited 13. Universal Merchant Bank 14. UMB Stock Brokers Ltd NON - PRIMARY DEALER BANKS 1. Agricultural Development Bank 2. Bank of Africa Ghana Ltd 3. First Atlantic Bank Ghana Ltd 4. First National Bank Limited 5. FBN Bank Ghana Ltd 6. National Investment Bank 7. Prudential Bank Limited 8. Republic Bank Ghana Limited 9. Sahel Sahara Bank Ghana Limited 10. UBA Ghana Limited 11. Zenith Bank Ghana Ltd 2 SUMMARY OF SECURITIES • Benchmark Securities: 8 5yr Government bond- 5 7yr Government bond- 1 10yr Government bond- 1 15yr Government bond- 1 • Non-Benchmark Securities: 28 3yr Government bond-14 5yr Government bond- 6 6yr Government bond- 1 7yr Government bond- 3 10yr Government bond-2 15yr Government bond-1 20yr Government bond-1 • Treasury Notes: 14 1yr Government note- 1 2yr Government note- 13 • Treasury Bills:80 364 day bill- 28 182 day bill- 26 91 day bill- 13 182-day Cocoa Bill- 13 ❖ Local US dollar 3-year bond-1 ❖ Eurobond-9 ❖ Corporate Bonds AFB Ghana Plc 18 Bayport Financial Services (Ghana) 9 Edendale Properties 2 Izwe Loans Ghana 6 E.S.L.A.
    [Show full text]
  • Databank Brokerage
    January 20, 2017 GSE MARKET STATISTICS SUMMARY Weekly Stock Market Review % Current Previous Equities Market Sustains 2017 Winning Streak: The equity market indices Change ended the week on a higher level, bolstered by price gains recorded in 5 Databank Stock Index 23,183.38 22,895.51 1.26 counters. The Ghana Stock Exchange’s Composite Index (GSE-CI) grew by GSE-CI Level 1,759.27 1,735.67 1.36 23.60 points w/w to ~1,759 points, while the Databank Stock Index advanced by 287.87 points w/w to ~23,183 points. The GSE-CI and the DSI Market Cap (GH¢ m) 53,939.56 53,588.83 0.65 YTD Return DSI 3.81% 2.52% have recorded year to date gains of 4.16% and 3.81% respectively. YTD Return GSE-CI 4.16% 2.76% Activity on the Ghana Stock Exchange slowed down w/w, despite a block Weekly Volume Traded (Shares) 1,722,062 10,755,428 -83.99 trade in UT Bank. The aggregate volume of shares traded tumbled by ~84% Weekly Turnover (GH¢) 3,089,962 1,634,768 89.02 w/w to ~1,722,062 shares. These trades, which occurred across 23 counters, Avg. Weekly Volume Traded were valued at ~GH¢3,089,962. 80,480 72,240 11.41 (Shares) The market breadth of the Ghana Stock Exchange remained positive w/w: 5 Avg. Weekly Value Traded (GH¢) 85,542 70,757 20.90 No. of Counters Traded 23 22 gainers to 1 laggard. Standard Chartered Bank emerged the top gainer, with a 60Gp increase to GH¢12.90.
    [Show full text]
  • Ghana Banking Survey Raising the Bar
    Ghana Association of Bankers Raising the bar: increase in the minimum capital requirements, and implications for the industry* Ghana Banking Survey *connectedthinking Disclaimer This report - Ghana Banking Survey 2008 – is a joint collaboration of PricewaterhouseCoopers (PwC) and the Ghana Association of Bankers (GAB). It aims to provide general information on Ghana’s formal banking sector and the performance of banks operating in the country for the period between 2003 and 2007. The survey does not purport to provide answers to all possible questions and issues pertaining to the country’s banking industry. Neither does it constitute an invitation to trade in the securities of the banks covered in the survey. The banks’ annual reports and audited financial statements for the years 2003 to 2007 were our principal sources of information. While we acknowledge that our sources of information are reliable, we provide no guarantees with respect to the accuracy and completeness of the information contained therein. We will therefore not accept any responsibility or liability for any errors, omissions, or mis-statements that this report may contain. Neither will we accept any responsibility or liability for any loss or damage, howsoever occasioned, to any person, body corporate or organisation of any form relying on any statement or omission in this report. Ghana Banking Survey 2008 Contents Disclaimer 2 List of abbreviations 5 Participating banks 6 Introduction 7 Bank capital increases: raising the bar 8 Overviews - the economy and industry
    [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]
  • Guin February 24, 2017
    February 24, 2017 GSE MARKET STATISTICS SUMMARY Weekly Stock Market Review The Bulls Strengthen Hold on Market: The equities market closed in the green, Current Previous % Change bolstered by price gains in 7 counters. The Ghana Stock Exchange’s Composite Databank Stock Index 24,329.82 23,771.80 2.35 Index gained 47.63 points w/w to ~1,857 points, while the Databank Stock Index GSE-CI Level 1,857.10 1,809.47 2.63 soared by 558.02 points w/w to ~24,330 points. The year to date returns of the Market Cap (GH¢ m) 52,310.92 52,207.86 0.20 GSE-CI and the Databank Stock Index are at 9.95% and 8.94% respectively. YTD Return DSI 8.94% 6.44% YTD Return GSE-CI 9.95% 7.13% Market activity declined this week as volume traded tumbled by ~50% w/w to 921,507 shares. These trades which occurred across 23 counters were valued at Weekly Volume Traded (Shares) 921,507 1,844,595 -50.04 ~GH¢4.55 million. Weekly Turnover (GH¢) 4,555,231 7,104,610 -35.88 Avg. Weekly Volume Traded (Shares) 861,281 856,871 0.51 The equities market ended the week with 7 gainers to 3 laggards. Standard Chartered Bank topped the gainers chat, surging by GH¢1.07 w/w to GH¢14.46. Avg. Weekly Value Traded (GH¢) 1,246,575 1,226,105 1.67 GCB Bank followed suit, gaining 48Gp to GH¢4.88. Benso Oil Palm Plantation No.
    [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]
  • Daily Market Recap
    MARKET REPORTS Daily Stock Market Recap: May 06, 2020 Market Highlights Indicator Previous Current Chg (%) Open Closing GSE-CI 2,083.72 2,102.74 0.91% Company Price ¢ Price ¢ Gain/Loss • MTN Ghana pushed the benchmark index up by Scancom PLC 0.64 0.66 3.13% YTD (GSE-CI) -7.68% -6.84% 0.91% to 2,102.74 with a -6.84% year-to-date Cal Bank Ltd 0.78 0.77 -1.28% GSE-FI 1,883.37 1,876.75 -0.35% return while market capitalization increased by Societe Generale Ghana 0.65 0.64 -1.54% YTD (GSE-FI) -6.75% -7.08% 0.36% to settle at GH¢55.22 billion. GCB Bank Ltd 4.49 4.40 -2.00% • The GSE Financial Index moderated by 0.35% Mkt Cap (GH¢ M) 55,024.20 55,221.61 0.36% Total Petroleum Ghana 2.50 2.40 -4.00% due to losses in CAL Bank Limited (-1.28%), Volume 14,307,206 19,607 -99.86% Societe Generale Ghana (-1.54%) and GCB Value (GH¢) 9,180,920 28,513 -99.69% Bank Limited (-2.00%) to close at 1,876.75 with a -7.08% year-to-date return. Top Trades by Value GH¢ Activity Levels Dropped TOTAL 18,240 SOGEGH 3,968 • A total of 19,607 shares valued at GH¢28,513 GOIL 1,440 changed hands compared with 14,307,206 shares valued at GH¢9,180,920 yesterday. Index YTD Performance (%) - 2020 • Total Petroleum dominated trading activity, accounting for 63.97% of total value traded.
    [Show full text]