DOCSLIB.ORG

Annual Report & Financial Statements

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report & Financial Statements GHANA REINSURANCE COMPANY LIMITED 2017 ANNUAL REPORT & FINANCIAL STATEMENTS CORPORATE MISSION CORPORATE MISSION To be the reinsurer of choice in Ghana and chosen markets in Africa through innovative and capacity building applications combined with commitment to customer satisfaction and Corporate profitability 7 Financial Statements for the year ended 31 December 2014 Contents Page 2 Corporate Information 3 - 6 Profile of Directors 7 Financial Highlights 8 - 10 Chairman’s Statement 11 - 12 Report of the Directors 13 - 15 Independent Auditor’s Report 16 Statement of Financial Position 17 Statement of Comprehensive Income 18 - 19 Statement of Changes in Equity 20 Statement of Cash Flows 22 - 55 Notes to the Financial Statements Annual Report 2017 1 Financial Statements for the year ended 31 December 2017 CORPORATE INFORMATION BOARD OF DIRECTORS George Otoo - Chairman (Appointed: 24/08/2017) Nana Ansaah Sasraku II - Chairman (Resigned: 07/01/2017) George Y. Mensah - Managing Director (Appointed: 24/08/2017) Abiba Zakariah - Managing Director (Resigned: 31/08/2017) Marian Mensah - Member Franklin Hayford - Member (Appointed: 24/08/2017) Francis Sapara-Grant - Member (Appointed: 24/08/2017) Jennifer Owusu - Member (Appointed: 24/08/2017) Wilson Tei - Member (Resigned: 07/01/2017) Mohammed Yakubu - Member (Resigned: 07/01/2017) SECRETARY/SOLICITOR BANKERS Jessica Allotey (Mrs) Agricultural Development Bank Limited Barclays Bank Ghana Limited Ecobank Ghana Limited Fidelity Bank Ghana Limited GCB Bank Limited COMPANY’S REGISTERED NUMBER Ghana International Bank Plc London CS00662013 Standard Chartered Bank Ghana Limited Universal Merchant Bank Ghana Limited REGISTERED OFFICE Plot 24, Sudan Road, Ridge, Accra P. O. Box AN7509, Accra-North Ghana AUDITOR KPMG Chartered Accountants 13 Yiyiwa Drive, Abelenkpe P. O. Box 242, Accra, Ghana 2 Annual Report 2017 Financial Statements for the year ended 31 December 2017 PROFILE OF DIRECTORS Upon assumption, George Otoo 4. Enterprise Trustees (Pension re-engineered the Company by Administration) computerising and networking 5. Transitions (Funeral Services) all operations across the country. He introduced a highly successful He became the Group’s first CEO novel workflow process known in 2010. as Workgroup Concept, whereby George Otoo retired from workflow processes were based Enterprise in 2014 after 33 years on the type of client rather than service to the company with the type of product sold to the market capitalisation of US $130 client. million from US $1.5 million when he took over at Enterprise He spearheaded the founding Insurance. of Enterprise Life Assurance Company (ELAC) in 2001 in He Chartered in 1989 as an partnership with African Life Associate of the Chartered Assurance of South Africa (later Insurance Institute of U.K. Prior bought by Sanlam) and the IFC of to that he obtained a Diploma the World Bank. ELAC today is the in Insurance with Distinction George Otoo biggest life assurance company from the West African Insurance Chairman in Ghana by both premium and Institute (WAII) then based in assets. Liberia. In 2010 he created a holding George Otoo also holds an MBA company structure at Enterprise in Insurance Management from George Otoo is a Chartered with the aim of identifying and the University of Nottingham Insurance Practitioner with creating subsidiaries to provide Business School, U.K. over 30 years experience in the services across the spectrum i.e. insurance industry. He entered from cradle to grave. Enterprise Directorships he has held to date the insurance industry in 1981 Group was listed in 2010 to are as follows: when he was appointed as replace Enterprise Insurance 1. Mainstream Re – 1999 to 2017 Technical Trainee at Enterprise on the Ghana Stock Exchange. (Resigned) Insurance Co. Ltd. He held Enterprise Group to date has the 2. TIGO Ghana Advisory Board – various positions in the company following subsidiaries: 2013 to 2015 until he was appointed General 1. Enterprise Insurance (General 3. Databank EPACK Investment Manager in charge of Operations Insurance) – 1999 to date in 1998. A year later, the board 2. Enterprise Life (Life 4. Enterprise Group – 2010 to appointed him Managing Director Insurance) date whereupon he assumed full 3. Enterprise Properties (Real 5. Enterprise Properties – 2011 control of the management of the Estate) to date Company. Annual Report 2016 3 Financial Statements for the year ended 31 December 2017 PROFILE OF DIRECTORS Mr. George Yaw Mensah started his as the Head of Investments and professional career in 1993 with became the Executive Director of Merrill Lynch Asset Management SIC Financial Services, a wholly (MLAM) as a Financial Accountant owned subsidiary of the insurance in Princeton, NJ USA. He later company in 2006. joined Prudential Financial in Newark, NJ as Senior Mr. George Yaw Mensah joined Analyst within the Investment African Reinsurance Corporation Management Research team on April 1, 2010 as Assistant where he was responsible for Director in charge of Treasury and ensuring that the firm’s portfolio Investment, a position he held managers have the ability to until his appointment as Managing achieve superior returns in both Director of Ghana Reinsurance up or down markets. Company Ltd. on September 1, 2017. Mr. Mensah is a product of New York University (Stern Business Mr. Mensah has served on several School) where he earned an MBA Boards including Ghana Stock in Finance. He also holds a BSc in Exchange as a Council Member. Accounting and a minor in French Other Board representations from Montclair State University in include:- NTHC Financial Services, George Y. Mensah New Jersey. Afram Publications Limited Managing Director and Starwin Products Limited, In 2002, he relocated to Ghana a pharmaceutical company in to join SIC Insurance Company Ghana. Ms. Marian Mensah is a successful joint course on Applied Inflation financial economist with over Targeting and other IMF organised a decade’s cognate experience. courses. She had her bachelor’s degree in Economics and Psychology from Ms. Marian Mensah is currently University of Ghana, Legon (2000). the head of Capital Market Unit, Additionally, she holds an MA Financial Sector Division of in Economics and Finance from the Ministry of Finance. She is University of Leeds, UK (2003). the principal economics officer Also, Marian earned Advanced responsible for: providing advice, Securities Certification from formulating and coordinating Ghana Stock Exchange in 2001. policies and strategies for the Over the past ten (10) years, Marian development of the capital market has attended several career industry. Marian has also worked enhancing courses both locally with Ministry of Manpower Youth and abroad. In 2012, she attended and Employment, as an Economics a course on Financial Sector Issues Planning and Evaluation and Analysis in Washington D.C Officer with the Policy Planning and also a course on Macro-Fiscal Monitoring and Evaluation Modeling and Analysis in Vienna, Marian Mensah Division. Prior to that, she worked Austria. Prior to that, she was in as a Senior Economics Officer with Member IMF institute in Washington D.C. the Policy Analysis and Research USA for a course on Finance for Division of the Ministry of Finance Macroeconomists. Locally, in 2010 and Economic Planning. she attended IMF/Bank of Ghana 4 Annual Report 2017 Financial Statements for the year ended 31 December 2017 PROFILE OF DIRECTORS Mr. Franklin Hayford was boardroom relationships which is appointed as a Director in August indispensable in influencing key 2017. His areas of expertise decision-makers at the highest include Financial Strategy levels within the organisations Development, and he has where he is a member of the extensive professional experience Board. and significant executive leadership accomplishments in He is currently the Executive business. Director of Databank Financial Services Ltd. in charge of Franklin is a member of the coordinating day to day Board of Directors of a number operations of the Databank of high profile organizations Group, with responsibilities for its including Trust Bank Ltd., strategic business units. The Gambia, Bayba Financial He holds a BSc degree in Services Ltd., The Gambia, Management Sciences from the Insurance Company of Africa University of Manchester, UK and (Liberia), and the International has over 25years rich experience Bank of Liberia Ltd. He has in the field of Manufacturing and Franklin Hayford over the years displayed clearly Financial Services. Member his unique brand of executive DR. FRANCIS SAPARA-GRANT is Trust (SSNIT) and was responsible an economist with over twenty- for establishing the first national two years’ experience in pension pension scheme for workers in the scheme administration. He is informal sector of Ghana. currently the Chief Executive Officer of GLICO Pensions Trustee Dr. Sapara-Grant holds a Masters’ Company – one of the leading degree in Economics/Statistics corporate trustees that has been from the Odessa Institute of licensed to administer pension National Economy, Odessa, schemes in Ghana. He is also a Ukraine and a PhD in Economics trustee and Technical Consultant from the St. Petersburg State for the Cocoa Abrabopa Pension Engineering Economic University Scheme, which is a pension in Russia. He is also a product of scheme designed purposely for an Accra Academy where he obtained association of over 20,000 cocoa his secondary education. farmers in Ghana. Among his other experiences, Dr. Prior to his appointment as
Load more

Recommended publications
  • WEEKLY MARKET REVIEW 14 February 2020
    DATABANK RESEARCH WEEKLY MARKET REVIEW 14 February 2020 ANALYST CERTIFICATE & REQUIRED DISCLOSURE BEGINS ON PAGE 4 GSE MARKET STATISTICS SUMMARY Current Previous % Change Weekly Market Review DSI-20 Index 98.39 98.17 0.23% The equity market indices posted a weekly gain. The GSE-CI Level 2,203.63 2,196.72 0.31% Market Cap (GH¢ m) 56,625.40 56,553.66 0.13% benchmark composite index closed 0.31% higher at YTD Return DSI-20 -2.50% -2.73% 2,203.63 points, reflecting an improved YTD return of - YTD Return GSE-CI -2.37% -2.68% 2.37%. The DSI-20 Index also expanded 0.23% w/w to Weekly Volume Traded (Shares) 4,621,673 2,481,186 86.27% 98.39 points, representing a YTD return of -2.50%. Weekly Turnover (GH¢) 3,130,797 2,078,982 50.59% Avg. Daily Volume Traded The indices were lifted by gains in SCB (+0.21% w/w, 2,044,789 2,260,261 -9.53% (Shares) GH¢19.04), MTNGH (+1.52% w/w, GH¢0.67) and SIC Avg. Daily Value Traded (GH¢) 1,633,928 1,827,729 -10.60% (+12.50% w/w, GH¢0.09). However, the gains in the No. of Counters Traded 22 20 indices were limited by declines in EGH (-1.14% w/w, No. of Gainers 3 1 GH¢7.80), GGBL (-4.14% w/w, GH¢1.62), EGL (-2.44% No. of Laggards 4 6 w/w, GH¢1.60) and FML (-0.24% w/w, GH¢4.09).
    [Show full text]
  • THE DATABANK BALANCED FUND LIMITED 2010 Annual Report
    AUDITED FULL YEAR REPORT 2010 THE DATABANK BALANCED FUND LIMITED 2010 Annual Report 1 THE DATABANK BALANCED FUND LIMITED 2ii AUDITED FULL YEAR REPORT 2010 THE DATABANK BALANCED FUND LIMITED Audited Full Year Report For The Period Ended December 31, 2010 1 THE DATABANK BALANCED FUND LIMITED 2 AUDITED FULL YEAR REPORT 2010 CONTENTS Notice of Annual General Meeting 04 Chairman’s Statement to Shareholders 05 Performance Summary 09 Portfolio at a Glance 10 Interview with your Fund Manager 11 Report of Directors 14 Report of the Auditors 15 Statement Of Net Assets 16 Statement of Assets and Liabilities 17 Income and Distribution Accounts 18 Statement of Movement In Net Assets and Issued Shares 19 Notes to Financial Statements 21 Custodian’s Report 26 Corporate Information 29 Directors and Officers Information 30 Proxy Form 34 This report shall not constitute an invitation to buy shares of the Fund. Subscriptions are to be made only on the basis of the current scheme particulars, accompanied by a copy of the latest available annual report, and if published thereafter, the most recent half year report. 3 THE DATABANK BALANCED FUND LIMITED NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the 3rd Annual General Meeting of the shareholders of Databank Balanced Fund Limited will be held at the National Theatre, Accra, Ghana on Friday the 29th of July 2011 at 11:00a.m for the following purposes: 1. To consider the Directors’ Report and the Report of the Auditors for the year ended December 31, 2010. 2. To receive and adopt the Statement of Assets and Liabilities and Statement of Operations for the year ended December 31, 2010 3.
    [Show full text]
  • Weekly Market Watch Sic-Fsl Investment+ Research| Market Reviews|Ghana
    WEEKLY MARKET WATCH SIC-FSL INVESTMENT+ RESEARCH| MARKET REVIEWS|GHANA 28th May, 2015 ACCRA BOURSE SOARS, DESPITE…! STOCK MARKET The excitement on the Ghana Stock Exchange (GSE) increased INDICATORS WEEK WEEK END CHANGE last week, as appetite for capital market investment improved. OPEN Indeed, recent corporate actions like the increases in petroleum Market Capitalization products and the worsening of the local currency were looked (GH¢'million) 64,440.64 64,575.13 0.21% upon to thwart market performance, however, the contrary was Market Capitalization (US$'million) 16,499.13 16,305.20 -1.18% true as players appeared unperturbed of current happenings, intensifying their bets on shares. Volume traded (shares) 2,590,114.00 1,395,992.00 -46.10% Shares of Ecobank Ghana Limited (EBG), Total Petroleum Value Traded (GH¢) 2,089,785.25 2,293,571.34 9.75% Ghana Limited (TOTAL), Enterprise Group Limited (EGL), Fan Value Traded (US$) 535,060.36 579,126.18 8.24% Milk Limited (FML) and Aluworks Limited (ALW) were the most Table 1: Market Summary sought after in the week. INDEX ANALYSIS In the end, all the major market indicators went up; with the INDICATORS Closing Week YTD GSE-CI closing last Thursday’s trading at 2,362.28 points, Level Change CHANGE representing a year-to-date change of 4.48% whilst the GSE- FSI also settled at an annual yield of 7.96% to close the week GSE Composite Index 2,362.28 1.06% 4.48% at 2,422.33 points. Also, the SIC-FSL Top 15 index (SIC-FSL T- SIC-FSL Top 15 Index 4,476.58 0.70% 13.53% 15) which measures the performance of liquid equities, posted the biggest returns on the market last week, closing at GSE Financial Stocks Index 2,422.33 1.25% 7.96% 4,476.58 points, which represented a return of 13.53%.
    [Show full text]
  • Ssnit Investments Series
    SSNIT INVESTMENTS SERIES SECOND EDITION INTRODUCTION This edition of the SSNIT Investments Series focuses on the Listed Equities Portfolio, one of the three sub-asset classes of the Equities Portfolio. Listed equity refers to ownership interests in companies whose shares are traded publicly on a Stock Market. The Trust currently has share interests in 23 out of the 37 companies listed on the Ghana Stock Exchange (GSE), with a total value of GH¢1.8 billion as at June 2017. A portion of the Trust’s shares in Tullow Oil Plc is also listed on the London Stock Exchange (LSE). The composition of the Trust’s Listed Equities Portfolio, also referred to as the SSNIT Stock Market Portfolio (SSMP), is shown in Table 1. Table 1: SSNIT Listed Equity Holdings # Company Ticker Shareholding (%) 1 Anglogold Ashanti Ltd. AGA 0.02% 2 Aluworks Limited ALW 62.62% 3 Ayrton Drug Man. Ltd. AYRTN 18.00% 4 Benso Oil Palm Plantation BOPP 4.31% 5 CAL Bank Limited CAL 33.18% 6 Cocoa Processing Co. Ltd. CPC 10.14% 7 Ecobank Ghana Ltd. EGH 16.21% 8 Enterprise Group Ltd EGL 6.22% 9 Ecobank Transnational Inc. ETI 3.86% 10 Fan Milk Limited FML 1.59% 11 GCB Bank GCB 29.89% 12 Guinness Gh. Breweries Ltd. GGBL 7.57% 13 Ghana Oil Co. Ltd. GOIL 25.00% 14 Golden Web Ltd. GWEB 20.78% 15 HFC Bank Ltd. HFC 26.09% 16 Produce Buying Co. Ltd. PBC 38.10% 17 Standard Chartered Bank SCB 14.55% 18 SIC Insurance Ltd.
    [Show full text]
  • Social and Environmental Accounting Reporting and Financial Performances in Ghana
    International Journal of Economics and Finance; Vol. 11, No. 4; 2019 ISSN 1916-971X E-ISSN 1916-9728 Published by Canadian Center of Science and Education Social and Environmental Accounting Reporting and Financial Performances in Ghana Li KaoDui1, Zou Muyun1 & Osei-Assibey Bonsu Mandella1 1 School of Finance and Economics, Jiangsu University, Zhenjiang, China Correspondence: Osei-Assibey Mandella Bonsu, School of Finance and Economics, Jiangsu University, 301, Xuefu Road, Zhenjiang, 212013, Jiangsu Province, P.R. China. E-mail: [email protected] Received: January 6, 2019 Accepted: March 15, 2019 Online Published: March 20, 2019 doi:10.5539/ijef.v11n4p82 URL: https://doi.org/10.5539/ijef.v11n4p82 This article is the research result of the project “Postgraduate Research & Practice Innovation Program of Jiangsu Province” (Project Number is SJCX17_0565). Abstract The paper seeks to ascertain the effects of social and environmental accounting disclosure on the financial performance of companies registered on the Ghana Stock Exchange over the period of three years from 2015 to 2017. The study similarly seeks to determine the extents of social and environmental accounting issues reported and finally document the extent to which companies included SEAR issues in their corporate strategy plan in Ghana. The study used secondary data from a published corporate annual statements of all the registered companies on the Ghana Stock Exchange. A regression model and t-test were used to ascertain the effects of social and environmental accounting reporting on firm‟s financial performance. However, questionnaires and content analysis were also used in company reports as a system to measure the degree and nature of corporate social accounting reporting as maintained by the number of words disclosed over the three periods.
    [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]
  • Meeting Changing
    Meeting changing needs Annual Report & Financial Statements 2016 Vision Values In all our markets, - Friendliness our pedigree will be - Trust recognized, our - Reliability strength respected, Mission - Excellence our expertise We provide all who - Professionalism valued and our come into contact solutions sought by with us their all who desire an desired advantage advantage in life. because... we are the best at what we do! Contents Review 2 Notice and Agenda of Annual General Meeting 3 Five Year Financial Summary Financial Statements 4 Corporate Information 38 - 40 5 - 7 Report of the independent auditor Chairman’s Statement 41 8 Statements of financial position Board of Directors 42 9 Income statements Non-Executive Directors of Subsidiary Companies 43 10 - 13 Statements of Comprehensive Income Chief Executive Officer’s Review 44 - 46 15 - 17 Statements of Changes in Equity Executive Director’s Review (Insurance) 47 19 - 22 Statements of Cash Flows Executive Director’s Review (Life) 48 - 100 24 - 25 Notes to the Financial Statements General Manager’s Review (Trustees) 101 27 - 28 Shareholders’ Information General Manager’s Review (Properties) 102 - 103 Certificate of Solvency in Respect of the Life Business Governance 105 30 - 31 Proxy Form Corporate Governance Statement 32 - 33 107 Enterprise in The Community Voting Card 34 - 37 Report of the Directors Enterprise Group Limited Annual Report 2015 1 Notice of an Annual General Meeting IS HEREBY GIVEN THAT the Seventh Annual General Meeting of Enterprise Group Limited NOTICE (the “Company”) will be held on Tuesday, August 8, 2017 at the College of Physicians and Surgeons, 54 Independence Avenue, Ridge, Accra, Ghana at 10 am for the following purposes: ORDINARY BUSINESS 1.
    [Show full text]
  • Quarterly Financial Markets Report
    Quarterly Financial Markets Report Second Quarter 2016 Global Economic Highlights Highlighted by UK’s vote to leave the EU, weak demand, high unemployment levels, financial frailties and geopolitical risks, the global economic environment continued to be plagued by weakened growth prospects in the last three months. The late June U.K. referendum to leave the European Union sent shock waves across the globe, leaving global financial markets in turmoil. The equity markets fell sharply and the British Pound plunged 8.4% and 12.5% against the U.S. Dollar and Japanese Yen, respectively. The value of the British Pound against the US Dollar was at its lowest in the past 31 years. Reassurance on support from the central bank saw the economy enjoying some reprieve as the financial markets rebounded partially in fragments. With manufacturing growth stalling over the past year and construction figures weakening markedly in June, U.K. growth continued to be driven primarily by the services sector. The rate of Consumer Price Inflation (CPI) remained low at around 0.3% partly due to relatively subdued global demand growth. Both Standard & Poor’s, and Fitch on the back of the foregoing downgraded U.K’s credit ratings. With a lift from the European Central Bank’s stimulus cut, low energy prices and a rebound in consumer spending, figures from the 19-nation bloc were impressive before the Brexit, with GDP rising by 0.6% in Q1 2016 despite a backdrop of the global market turmoil at the start of the year. However, questions about the EU’s stability and the potential for an economic downturn after Britain’s surprise exit from the EU dominated the centre stage in the Eurozone at the end of the second quarter.
    [Show full text]
  • OFFICIAL LIST 4024 Trading Session Friday, June 28, 2013 GSE STOCK INDICES
    OFFICIAL LIST 4024 Trading Session Friday, June 28, 2013 GSE STOCK INDICES GSE Composite GSE Financial Stocks Index (GSE-CI) Index (GSE-FSI) PREVIOUS 27/06/2013) = 1,877.65 1,585.72 CURRENT 28/06/2013) = 1,880.26 1,591.18 2.61 points 5.46 points CHANGE-YEAR TO DATE (Jan 01, 2013- June 28, 2013) 56.72% 53.02% This Week in Focus Shares Bonds GSE Value of Composite Government Index Market Capitalization Bonds Traded Date Volume Value GH¢ (GSE-CI) GH¢ million GH¢ million Monday 24-Jun-13 493,511 1,581,041.68 1,900.10 56,154.80 0.000 Tuesday 25-Jun-13 426,550 1,196,438.69 1,891.94 56,110.32 1.240 Wednesday 26-Jun-13 880,088 966,256.30 1,874.67 55,894.32 15.743 Thursday 27-Jun-13 1,553,869 2,844,118.70 1,877.65 55,910.61 4.295 Friday 28-Jun-13 251,546 482,820.80 1,880.26 55,924.82 0.000 Notes/Announcements 1. The following announcements have been made on final dividends and annual general meetings: Dividend per Company Share ¢ Qualifying Date Ex-Div Date Payment Date AGM Date Venue for AGM CAL 0.006 26/06/2013 24/06/2013 30/08/2013 AYRTN 0.0013 25/06/2013 21/06/2013 8/8/2013 27/06/2013 OEPCH TOTAL 0.6900 18/07/2013 16/07/2013 26/07/2013 GCPS:GhanaAICC: Accra International College of Physicians Conference and Centre Surgeons OEPCH:Osu Ebenezer Presbyterian Church HalL Enquiries to: General Manager Ghana Stock Exchange 5th & 6th Floors Cedi House, Liberia Road, Accra Tel: 021 669908, 669914, 669935 Fax: 021 669913 e-mail: [email protected] OFFICIAL LIST 4024 Trading Session ODD LOT Friday, June 28, 2013 ISIN Share Code Total Shares No.
    [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 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]
  • Past Award Winners
    PAST AWARD WINNERS. MARKETING MAN YEAR NAME 1989 DR.KWESI BOTCHWAY 1990 MR. HANS WOELFER 1991 MR.R.K.SELBY 1992 MR K. ABEASI 1993 MR.ATO POBEE AMPIAH 1994 MR. ESSON BENJAMIN 1995 MR. IBRAHIM ADAM 1997 MR. KEN OFORI-ATTA 1997 MR.P.K AWUAH 1998 DR.KWABENA DUFFOUR 1999 DR.NII NARKU QUAYNOR 2000 MR. KWABENA ADJEI 2001 PROF. KWABENA F.BOATENG 2002 MR. KWABENA ADJEI 2003 MR. KOFI NSIAH POKU 2004 MR. ANTHONY OTENG-GYASI 2005 MR. ALBERT K. ESSIEN 2006 MR. PRINCE KOFI AMOABENG 2007 MR. CHARLES COFIE 2008 MR. KWAME ACHAMPONG-KYEI 2009 MR. IBRAHIM AWAL 2010 MR. SAMUEL AMO TOBBIN MARKETING WOMAN OF THE YEAR YEAR NAME 1989 MRS. CAULLEY HANSON 1990 MS SHERRY AYITTEY 1991 MRS.AMA GYAMFUAH AKPAN 1992 MRS. VIDA NYARKO 1993 MRS. BAETA ANSAH 1994 PROF. M.A. GREENSTREET 1995 PROF. AWURAMA ADDY 1996 VIVIAN SERWAA ADU 1997 MRS DINAH A. AYENSU 1998 MRS. ELIZABETH VILLARS 1999 MRS THERESA OPPONG BEEKO 2000 MRS. L.B.OSAFO-ADDO 2001 MRS.CECILIA ADWOA KWOFIE 2002 MRS. GRACE AMEY AMEYOBENG 2003 MS ADELAIDE AHWIRENG 2004 MRS. BELLA AHU 2005 NANA ADWOA AWINDOR 2006 MRS. FELICITY ACQUAH 2007 MS. JOYCE ARYEE 2008 MRS. NORKOR DUA 2009 MRS. DZIGBORDI DOSOO 2010 MRS. DOREEN OWUSU-FIANKO PAST AWARD WINNERS. MARKETING STUDENT OF THE YEAR YEAR NAME 1989 SAMUEL DUODU 1990 THERESA OPPONG 1992 BENJAMIN ATTAH 1993 OSAM VERA ARABA 1994 WINIFRED YAO AGBAZ 1995 MARY AKWELEY AYI 1996 ABIGAIL ARMAH 1997 MRS. GIFTY OFORI 1998 ABENA OSEI 1999 JERRY ABAYAA 2000 GLORIA ATITSOGBI 2001 ANDREW KPAKPO- MILLS 2002 KOFI COBBOLD 2003 BARIKISU UMAR 2004 DESMOND LAMPTEY 2005 MR.
    [Show full text]