Ghana Fixed Income Market Summary of Status Report

Total Page:16

File Type:pdf, Size:1020Kb

Ghana Fixed Income Market Summary of Status Report GHANA FIXED INCOME MARKET SUMMARY OF STATUS REPORT JUNE 2019 1 MEMBERSHIP GFIM as at the end of June 2019 has 41 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. Barclays Bank Ghana Limited 4. Cal Brokers Limited 4. Cal Bank Ghana Limited 5. CDH Securities Limited 5. Consolidated Bank Ghana Limited 6. Databank Brokerage Limited 6. Ecobank Ghana Limited 7. EDC Stockbrokers Limited 7. Fidelity Bank Ghana Limited 8. Gold Coast Brokerage Limited 8. GCB Bank Limited 9. Republic Securities Ghana Limited 9. Guaranty Trust Bank Ghana Limited 10. IC Securities Limited 10. Societe Generale Ghana Limited 11. Liberty Securities Limited 11. Stanbic Bank Limited 12. NTHC Ltd 12. Standard Chartered Bank Limited 13. Prudential Stockbrokers Limited 13. Universal Merchant Bank 14. SBG Securities Ghana Limited 15. SIC Financial Services Limited 16. Strategic African Securities Limited 17. 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: 9 3yr Government bond- 1 5yr Government bond- 5 7yr Government bond- 1 10yr Government bond- 1 15yr Government bond- 1 Non-Benchmark Securities: 20 3yr Government bond-10 5yr Government bond- 5 6yr Government bond- 1 7yr Government bond- 3 10yr Government bond-1 Treasury Notes: 34 1yr Government note- 16 2yr Government note- 18 Treasury Bills: 64 364 day bill- 13 182 day bill- 25 91 day bill- 12 Ghana Cocoa Bill- 14 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 PBC Ghana Limited 1 E.S.L.A. Plc 3 Ghana Home Loans Limited 2 Ghana Home Loans Limited (US Dollar) 3 Bond Savings and Loans Ltd 12 Quantum Terminal Ltd 1 Dalex Finance and Leasing Company Ltd 1 3 GHANA GOVERNMENT SECURITIES TOTAL OUSTANDING SECURITIES AS AT JUNE 2019 2019 2018 TENOR OF SECURITY AMOUNT GH₵ AMOUNT GH₵ 91-DAY 6,454,692,011 4,708,594,452 182-DAY 3,490,214,210 3,109,888,047 364-DAY 3,793,711,747 - 1-YEAR 2,891,348,294 2,322,160,290 2-YEAR 12,610,720,787 7,755,677,948 3-YEAR 11,405,560,268 8,437,256,250 5-YEAR 13,522,744,826 13,194,203,758 6-YEAR 1,780,734,816 - 7-YEAR 3,258,128,844 2,960,388,228 10-YEAR 8,365,116,177 7,887,167,635 15-YEAR 4,793,780,961 4,793,780,961 TOTAL 72,366,752,941 55,169,117,569 SECURITIES TRADED ISSUER NAME DESCRIPTION VALUE TRADED NUMBER OF TRADES AFB GHANA 5 YR FLR BOND 64,509.19 1 AFB GHANA 6 YR FLR BOND 8,248.27 1 BOND SAVINGS 3 YR FLR BOND 65,696.81 2 ESLA 7 YR FXR BOND 213,323,150.88 97 ESLA 10 YR FXR BOND 424,932,129.11 64 GOVT OF GHANA 1 YR FXR NOTE 614,980.77 63 GOVT OF GHANA 10 YR FXR BOND 443,877,242.65 128 GOVT OF GHANA 15 YR FXR BOND 120,996,791.88 10 GOVT OF GHANA 182 DAY BILL 58,711,782.65 984 GOVT OF GHANA 2 YR FXR NOTE 770,014,326.70 723 GOVT OF GHANA 3 YR FXR BOND 1,022,122,747.94 815 GOVT OF GHANA 364 DAY BILL 73,768,189.56 250 GOVT OF GHANA 5 YR FXR BOND 868,727,562.21 453 GOVT OF GHANA 6 YR FXR BOND 156,222,980.12 55 GOVT OF GHANA 7 YR FXR BOND 126,468,255.81 100 GOVT OF GHANA 91 DAY BILL 297,904,703.21 4706 COCOA BOARD 182 DAY COCOA BILL 145,528,811.50 368 BARCLAYS BANK OF 13,609,579.75 41 GHANA* TOTAL 4,737,576,669.78 8,924 * This is not listed on the Ghana Fixed Income Market 4 GHANA CORPORATE SECURITIES SUMMARY OF CORPORATE BONDS LISTING Name of Issuer Number Amount Raised Shelf Registration GH¢ GH¢ Izwe Loans Ltd 6 80.00 million 80 million AFB Plc 17 287.07 million 300 million Edendale Properties Ltd 6 32.65 million 50 million Bayport Financial Services 8 764.37 million 700 million Ghana Home Loans 2 19.00 million 380 million PBC Ltd 2 362.30 million 400 million ESLA Ltd 2 5,664.09million 10,000million Bond Savings & Loans 9 62.13 million 100 million Quantum Terminal Ltd 1 45 million 140 million Dalex Finance Company 1 20.00 million 150 million TOTAL 53 7,336.61 million 12,300.00 million AMOUNT RAISED SO FAR AGAINST SHELF REGISTRATION 900 800 700 600 500 400 300 200 AMOUNT RAISED 100 0 SHELF REGISTRATION 5 VOLUME OF TRADES MONTH CSD BLOOMBERG 2019 2018 2017 2019 2018 2017 January 3,223,772,603 3,310,692,897 3,005,951,273 255,030,000 158,577,000 320,384,000 February 4,426,450,387 4,258,519,930 1,921,050,863 306,885,000 295,088,000 44,477,000 March 4,175,583,301 3,160,168,133 2,474,848,604 219,275,000 51,600,000 266,392,000 April 3,749914,983 1,801,991,461 1,867,904,509 98,229,000 97,200,000 192,371,000 May 4,573,641,343 3,164,111,390 2,118,923,894 188,848,000 34,000,000 143,650,000 June 4,736,961,689 3,285,363,905 1,650,430,204 546,730,000 482,740,000 120,545,000 July 2,961,819,671 1,766,518,140 548,047,000 84,287,000 August 3,358,380,590 5,028,535,721 658,394,000 244,746,000 September 3,491,312,515 2,082,485,694 473,026,000 145,194,000 October 3,067,371,443 1,818,679,237 262,240,000 47,513,000 November 2,904,757,781 2,264,724,234 276,221,000 158,612,000 December 3,100,828,155 4,703,651,380 262,055,000 71,478,000 TOTAL 24,886,324,306 37,865,317,843 30,703,703,753 1,614,997,000 3,599,188,000 1,839,649,000 CAPIZAR ATS MONTH 2019 2018 January 150,000 - February - - March 73,502 - April - - May - - June - 430,000 July 300,000 August - September - October - November 169,433 December - TOTAL 223,502 899,433 NUMBER OF TRADES (2017 TO 2019) MONTH CSD BLOOMBERG 2019 2018 2017 2019 2018 2017 January 8,009 7,521 18,487 83 108 84 February 7,724 5,960 7,281 84 62 32 March 10,214 5,706 11,012 72 27 254 April 8,079 8,176 6,900 74 36 106 May 11,113 8,674 6,319 77 21 101 June 8,861 6,384 8,643 59 132 82 July 5,746 10,165 126 62 August 6,824 9,283 182 86 September 6,106 8,119 118 99 October 8,197 6,655 101 57 November 7,050 7,126 102 46 December 6,476 7,274 98 64 TOTAL 54,000 82,820 107,264 449 1,113 1,073 6 RANKINGS FOR JUNE 2019 (BASED ON VOLUME TRADED) SELL SIDE VOLUME TRADED TOTAL MARKET TRADES SHARE % 1. ACCESS BANK GHANA LIMITED 621,432,632.94 394 13.12 2. STANDARD CHARTERED BANK GHANA 610,622,936.96 841 12.89 3. STANBIC BANK GHANA LIMITED 547,334,625.48 653 11.55 4. ECOBANK GHANA LIMITED 480,200,708.58 2887 10.14 5. FIDELITY BANK (GHANA) LIMITED 451,448,754.32 764 9.53 6. BARCLAYS BANK GHANA LIMITED 440,715,018.76 549 9.30 7. GCB BANK LIMITED 415,138,580.55 1248 8.76 8. ZENITH BANK GHANA LIMITED 267,661,301.97 135 5.65 9. GUARANTY TRUST BANK (GHANA) LIMITED 155,855,341.32 40 3.29 10. DATABANK BROKERAGE LIMITED 102,032,753.96 70 2.15 11. EDC STOCKBROKERS LIMITED 96,402,721.66 28 2.04 12. SOCIETE GENERALE GHANA LIMITED 85,532,008.46 335 1.81 13. CAL BANK LIMITED 82,228,250.07 309 1.74 14. UNITED BANK FOR AFRICA GHANA LIMITED 73,716,755.18 83 1.56 15. CONSOLIDATED BANK GHANA LTD 73,261,681.07 52 1.55 16. FIRST ATLANTIC BANK 56,985,568.80 14 1.20 17. BLACK STAR BROKERAGE LTD 38,821,757.12 70 0.82 18. CAL BROKERS LIMITED 38,094,535.99 18 0.80 19. IC SECURITIES (GHANA) LIMITED 32,160,115.70 31 0.68 20. STRATEGIC AFRICAN SECURITIES 31,500,833.08 67 0.67 21. FIRST NATIONAL BANK GHANA LIMITED 16,977,388.63 49 0.36 22. ARB APEX BANK LIMITED 6,012,710.00 1 0.13 23. FIRSTBANC BROKERAGE SERVICES LTD 4,462,836.89 24 0.09 24. SIC BROKERAGE LIMITED 2,415,829.73 11 0.05 25. BANK OF GHANA* 1,833,606.18 113 0.04 26.
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]
  • D1106- XS0497792241- Guaranty Trust Bank- Final Terms 26 Apr
    Final Terms dated 26 April 2010 Series Number : D1106 Tranche : 3 ISIN: XS0497792241 Common Code: 049779224 Morgan Stanley B.V. Issue of 18,709,450 Certificates (“Tranche 3”) to be consolidated with 60,000,000 Certificates (“Tranche 1”) and 40,000,000 Certificates (“Tranche 2”) and form a single series of 118,709,450 Certificates linked to the Shares of Guaranty Trust Bank Plc Guaranteed by Morgan Stanley under the Program for the Issuance of Certificates and Warrants PART A – CONTRACTUAL TERMS THE SECURITIES AND THE GUARANTEE IN RESPECT THEREOF HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES, AND THE SECURITIES MAY INCLUDE BEARER SECURITIES THAT ARE SUBJECT TO U.S. TAX LAW REQUIREMENTS. NEITHER THE ISSUER NOR THE GUARANTOR IS REGISTERED, OR WILL REGISTER, UNDER THE INVESTMENT COMPANY ACT. INTERESTS IN THIS SECURITY MAY ONLY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED (1) IN ACCORDANCE WITH RULE 144A UNDER THE SECURITIES ACT ( RULE 144A ) TO A PERSON WHO TAKES DELIVERY IN THE FORM OF AN INTEREST IN A RESTRICTED GLOBAL SECURITY THAT THE HOLDER AND ANY PERSON ACTING ON ITS BEHALF REASONABLY BELIEVE IS A QUALIFIED INSTITUTIONAL BUYER (A QIB ) WITHIN THE MEANING OF RULE 144A THAT IS ALSO A QUALIFIED PURCHASER (A QP ) AS DEFINED IN SECTION 2(a)(51) OF THE INVESTMENT COMPANY ACT AND THE RULES THEREUNDER PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ONE OR MORE QIBS EACH OF WHICH IS A QP WHOM THE HOLDER HAS INFORMED, IN EACH CASE, THAT SUCH OFFER, SALE, PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, AND IN A NOMINAL AMOUNT OR PURCHASE PRICE FOR EACH ACCOUNT OF NOT LESS THAN U.S.$100,000 OR (2) TO A PERSON THAT IS NOT A U.S.
    [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]
  • Guaranty Trust Bank (Ghana) Limited Annual Report and Financial Statements
    GUARANTY TRUST BANK (GHANA) LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 GUARANTY TRUST BANK (GHANA) LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS CONTENTS P a g e Corporate Information 1 Report of the Directors 2 - 5 Report of the Audit Committee 6 Corporate Governance 7 - 21 Independent Auditor’s Report 22 – 25 Financial Statements: Statement of Comprehensive Income 26 Statement of Financial Position 27 Statement of Changes in Equity 28 Statement of Cash Flows 29 Notes to the Financial Statements 30 - 117 Appendices 118 Guaranty Trust Bank (Ghana) Limited Annual Report and Financial Statements for the year ended 31 December 2020 . CORPORATE INFORMATION Board of Directors Kwasi M. Tagbor (Chairman) Olusegun Agbaje (Vice Chairman) Thomas Attah John (Managing Director) Mobolaji Jubril Lawal Rasheed Ibrahim Maidie Elizabeth Arkutu Irene Baaba Hagan Ademola Odeyemi (Resigned on 8th May 2020) Secretary Iris Richter-Addo 25A Castle Road, Ambassadorial Area, Ridge PMB CT 416, Cantonments Accra, Ghana Auditor KPMG Chartered Accountants 13 Yiyiwe Drive, Abelenkpe P. O. Box GP 242 Accra, Ghana Registered Office Guaranty Trust Bank (Ghana) Limited 25A Castle Road, Ambassadorial Area, Ridge PMB CT 416, Cantonments Accra, Ghana Correspondent banks CitiBank London CitiBank New York Ghana International Bank J.P. Morgan Chase Bank Guaranty Trust Bank London Bank of Beirut Standard Chartered Bank UK Guaranty Trust Bank Plc Solicitors Lithur Brew and Company No. 110B, 1st Kade Close, Kanda Estates P. O. Box CT 3865, Cantonments Accra, Ghana 1 Guaranty Trust Bank (Ghana) Limited Annual Report and Financial Statements for the year ended 31 December 2020 .
    [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]
  • Download Forms
    CONSOLIDATED BANK GHANA LIMITED CORPORATE INTERNET BANKING FORM Type of Account: Joint Account SME Corporate Account Name: Account Number Address: User Access Request: Enquiry/View only, Inputter and Authorizer. NAME E-MAIL MOBILE NO. ACCESS RIGHT SIGNATURE ENQUIRER/VIEW ONLY INPUTTER AUTHORISER Balance Balance Balance Transaction list Transaction list Transaction list Monthly Statement Initiate all transactions Transfer Validation monthly Statement Payment validation Cheque Book Request Salary Validation Stop cheque I/We confirm that the information given is true and complete, have read and agreed to CBG Terms and Conditions. I/We agree to be bound by all conditions to pay all fees and charges imposed by the Bank in connection with the provision of this services. Authorized Signature Authorized Signature Date: DD / MM / YYYY Date: DD / MM / YYYY For Bank use only Mandate Sole Signatory Any to sign Two to Sign Verified by: ___________________________ ______________________ _________________________ Name Signature Date Authorised by: __________________________ ______________________ _________________________ Name Signature Date RO/RM: ______________________________ ______________________ _________________________ Name Signature Date 1 | P a g e C o n s o l i d ated Bank Ghana: Confidential E-BANKING TERMS AND CONDITIONS The following terms and conditions shall govern the Consolidated Bank Ghana E-Banking Service. Definitions "Customers" means a customer of CBG who has or operates an account with the bank and is named in the application form but where two individuals are named, either or both of them are customers. "The Bank" means CBG. "Service" means the CBG Internet Banking, Telephone Banking, Secure message facility, online bill payments and other e-Banking services "Access code, Passcode, User name and Password" means the enabling code with which you access the system, and which is known to you only.
    [Show full text]
  • The Effects of Ponzi Schemes and Revocation of Licences of Some
    The current issue and full text archive of this journal is available on Emerald Insight at: https://www.emerald.com/insight/1359-0790.htm ff Financial The e ects of Ponzi schemes and threat in revocation of licences of some Ghana financial institutions on financial threat in Ghana Edmond Ofori Department of Accounting, West End University College, Accra, Ghana Abstract Purpose – The purpose of this study was to assess the effects of the Ponzi schemes and revocation of licences of some financial institutions in Ghana on financial threat. Design/methodology/approach – The study adopted a quantitative research approach. Convenient sampling method was used to select 435 individuals from three regions in Ghana. Standardize questionnaire developed by the researcher was used as the main data collection instrument. The binary logistic regression was used to test the relationship between the dependent variable and the independent variables. Findings – The results of the study showed a positive relationship between financial threat and job loss, general health, information search and loss of investment. However, negative relationship was identified between financial threat and total debt, stress, economic hardship and anxiety. Findings from this study imply that job loss, general health, information search and loss of investment are major factors that determined financial threat in Ghana. Practical implications – This indicates that individuals in Ghana have become uncertain regarding the use of current and future financial services in Ghana because most individuals have lost their jobs in the financial institutions, cannot get access to safe drinking water and education, need to gather more information before investing in financial institutions in Ghana and losing of funds invested.
    [Show full text]
  • Banking-Sector-Report-July-2019-1
    OF G K HA N N A A B E 7 S T. 1 9 5 9 201 BANK OF GHANA Banking Sector Report uly J P a g e | 2 CONTENTS 1. PREFACE .................................................................................................................................................. 3 2. SUMMARY ................................................................................................................................................. 4 3. BANKING SECTOR DEVELOPMENTS ......................................................................................................... 5 3.1 BANKS’ BALANCE SHEET ................................................................................................................................... 5 3.1.1 Asset and Liability Structure ............................................................................................................. 7 3.1.2 Share of Banks’ Investments ............................................................................................................. 7 3.2 CREDIT RISK ................................................................................................................................................... 7 3.2.1 Credit Portfolio Analysis ........................................................................................................................ 7 3.2.2 Off-Balance Sheet Activities .............................................................................................................. 8 3.2.3 Asset Quality ....................................................................................................................................
    [Show full text]
  • ANNUAL REPORT 2019 of the Insurance Industry, Ghana
    NATIONAL INSURANCE COMMISSION INSURANCE NATIONAL 2019 ANNUAL REPORT 2019 ANNUAL ANNUAL REPORT 2019 of the Insurance Industry, Ghana www.nicgh.org National Insurance Commission ANNUAL REPORT 2019 of the Insurance Industry, Ghana NATIONAL INSURANCE COMMISSION TABLE OF CONTENTS 4 Welcome 5 Foreword 7 Chairman’s Report 10 Key Facts The National Insurance Commission 12 Corporate Information Ghana Insurance Market Report 25 Economic Review 28 Ghana Insurance Market Report (2015 – 2019) 60 Anti-Money Laundering and Combating the Financing of Terrorism Activities 62 Research at a Glance 63 Financial & Ratio Analysis Appendices 94 2019 Financial Reports 96 National Insurance Commission 130 Fire Maintenance Fund 137 List of Registered Insurance Companies 145 List of Registered Reinsurance Companies 146 List of Registered Broking Companies NATIONAL INSURANCE COMMISSION Welcome We welcome you to the 2019 Annual Report of the It is important to note that the following Companies Insurance Industry in Ghana. The purpose of the report did not submit their audited annual reports within the is to provide an overview of the Insurance Industry as statutory time-frame and as of the time this report was well as the activities of its Regulator. compiled. Their information and data as contained in this report are, therefore, based on their fourth quarter Unless otherwise stated, all the information in this report unaudited financial statements. The appropriate are based on the audited financial statements of the regulatory sanctions have been applied to these firms National Insurance Commission (NIC), the (Re)Insurance accordingly. Companies and the (Re)Insurance Intermediaries as at the end of 2019. Table 1: Firms whose information are based on unaudited financial statements Non-Life Insurers Life Insurers Insurance Brokers Heritage Insurance Company Limited Allianz Life Company Limited Ideal Insurance Brokers Multi Insurance Company Limited Vanguard Life Assurance Company Glow Insurance Brokers Limited Vanguard Assurance Company SIC Life Insurance Company Ltd.
    [Show full text]
  • School Management System
    University of Ghana http://ugspace.ug.edu.gh UNIVERSITY OF GHANA BUSINESS SCHOOL SCHOOL MANAGEMENT SYSTEM THE EFFECT OF BANKING CRISES ON EMPLOYEES IN GHANA: THE CASE OF CONSOLIDATED BANK GHANA BY MR. STEVE HANSFORD QUANSAH (10702450) A PROJECT WORK SUBMITTED TO THE DEPARTMENT OF FINANCE, UNIVERSITY OF GHANA BUSINESS SCHOOL, UNIVERSITY OF GHANA, LEGON, IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF A DEGREE IN MSC DEVELOPMENT FINANCE JULY 2019 1 University of Ghana http://ugspace.ug.edu.gh DECLARATION I hereby declare that the thesis entitled “The Effect Of Banking Crises On Employees In Ghana: The Case Of Consolidated Bank Ghana” is the result of my original work under the research supervision of Prof. Godfred A. Bokpin, Department of Finance, University of Ghana Business School, and has not been presented in any other university or college or institution for examination or academic purposes, and that all works cited herein have been duly acknowledged. I am solely responsible for any shortcomings this research work may have. ……………………………...................... …………………………… MR. STEVE HANSFORD QUANSAH DATE i University of Ghana http://ugspace.ug.edu.gh CERTIFICATION I hereby certify that this study was supervised in accordance with procedures established by the University. This project work has been submitted for examination with my consent. …………………………… …………………………… PROF. GODFRED A. BOKPIN DATE SUPERVISOR ii University of Ghana http://ugspace.ug.edu.gh DEDICATION I dedicate this thesis to my family for their prayers, love, relentless support, patience, encouragement and understanding throughout this programme. iii University of Ghana http://ugspace.ug.edu.gh ACKNOWLEDGEMENTS My deepest appreciation goes to the Lord Almighty for the strength and wisdom to complete this study.
    [Show full text]
  • Case Study of Guaranty Trust Bank Plc
    International Journal of Academic Research in Accounting, Finance and Management Sciences Vol. 4, No.2, April 2014, pp. 51–61 E-ISSN: 2225-8329, P-ISSN: 2308-0337 © 2014 HRMARS www.hrmars.com Strategic Management, an Organisational Risk Management Framework: Case Study of Guaranty Trust Bank Plc Olajide Solomon FADUN School of Management & Business Studies (SMBS), Lagos State Polytechnic, Lagos Nigeria, E-mail: [email protected] Abstract Well formulated and implemented strategies are critical to firms’ performance. Strategic management is beneficial to a business as it operates in a dynamic and uncertain business environment. The study views strategic management as organisational risk management framework that promotes identification and evaluation of organisational risks and opportunities to enhance a firm’s performance. The study examines components of strategic management process, using Guaranty Trust Bank Plc (GTBank) as case study. It highlights background of study; undertakes internal analysis - SWOT; considers external environment, using PESTLE analytical tool; highlights strategic analysis and choice; appraises long-term objectives, generic and grand strategies; explains short-term objectives; and explores strategic control and continuous improvement. The findings indicate that GTBank has built its strategy around its brand image and its major competitors have not been able to displace her in the banking sector. This suggests that strategic management is beneficial to a firm, as it operates in a dynamic and uncertain business environment. The implication for practice is that effective strategic management - evaluation, formulation and implementation of organisational objectives - is critical for survival and relevance of a firm in the global business environment. Key words Strategic management, Strategic analysis, Grand strategies, Generic strategies DOI: 10.6007/IJARAFMS/v4-i2/775 URL: http://dx.doi.org/10.6007/IJARAFMS/v4-i2/775 1.
    [Show full text]
  • Report to the Audit Committee
    Report on inventory of assets and property Sovereign Bank Limited (in receivership) August 2018 © 2018 All rights reserved. Office of the Receiver. 1 Table of contents Page Executive summary — Key messages 4 — Matters not considered in this report 5 — Financial position as at 01 August 2018 6 — Summary of inventory of assets and property as at 01 August 2018 7 — Summary of liabilities as at 01 August 2018 9 Notes to the inventory of assets and property — Basis of preparation and compilation 11 — Cash and cash equivalents 11 — Government and other securities 13 — Loans and advances to customers 14 — Property and equipment 16 — Intangible assets 17 — Other assets 18 Appendices 19 © 2018 All rights reserved. Office of the Receiver. 3 Executive summary Key messages The Bank’s asset position as at 01 August 2018 Composition of assets Type Amount Percentage GH¢’000 Composition Liquidation values Composition of assets Quality of assets of Quality Credit Credit Administration Cash and cash 23,496 12% equivalents Composition of assets •Total assets stood at GH¢191 million. Government 40,117 21% and other •Loans and advances and Government and other securities constituted 73% of total securities assets of the Bank Loans and 98,370 52% Quality of assets advances •Top 50 loans amounted to GH¢129 million and constituted 96% of total loans •26% of top 50 loans were classified as non-performing based on BoG’s prudential Property and 12,787 7% guidelines equipment •94% of collaterals provided for top 50 loans had not been perfected Intangible 5,688 3% •Investments amounting to GH¢200 million held with other financial institutions that assets matured have not yet been paid back to the Bank.
    [Show full text]