The Agricultural Development Bank (ADB) is today expected to begin trading on the Ghana Stock Exchange after having successfully raise about GHc325.7 million in its Initial Public Offer (IPO). With a total applicant of 405, adb sold out 122,937,718 ordinary shares with majority going to the institutional shareholders. The Retail applicant’s total shares bought represents … Read more
The Agricultural Development Bank (ADB) has raised about 326 million cedis in its Initial Public Offer (IPO). The bank was expecting to raise about 380 million cedis from the offer. A statement from ABD and copied exclusively to citibusinessnews.com indicated that, “the proceeds raised from the Offer was the sum of GHS325, 784,952.70 relative to … Read more
Banks borrowing from each other or the central bank, otherwise known as repurchase agreements or repos, has hit GH¢145.7 billion in November 2016, which is a 451 per cent increase from the GH¢26.4 billion registered in 2010. But some 73 per cent of the repos done this year happened among commercial banks, instead of with … Read more