Republicans on Wednesday passed a bill in the House of Representatives that touched on nearly every step U. S. agencies take in creating and applying new rules, continuing their blitz to radically reform “abusive” federal regulation of areas from the environment to the workplace. In a 238-183 vote, the House passed the “Regulatory Accountability Act,” … Read more
Investors’ sentiments slanted towards positivity in the first trading week of the year as the Ghana Stock Exchange (GSE) bourse opens on a bullish note, signalling a favourable year for equities. Consequently the benchmark GSE-Composite Index rose by 0.6 per cent to close at 1,699.4 points, representing a year-to-date return of 0.6 percent, and the … Read more
Apple chief executive Tim Cook saw his salary and bonus slide in the last financial year, but his income from the sale of shares jumped dramatically. Mr Cook was paid $8.75m (£7.1m) in salary and bonus in 2016, down from $10.3m the previous year. All Apple’s named executives saw their salary and bonus payments fall … Read more
The Ghana Stock Exchange (GSE) X’mas Week Composite market opened on a bullish note as transactions were recorded in 13 equities with seven price changes in an advance to decline ratio of 5:2. The volume traded was 170,625 shares, which were valued at GHC316,016.39. The benchmark GSE-Composite Index rose by 1.7 per cent to close … Read more
Consumer Price Inflation (CPI) dropped marginally by 30 Basis Point to 15.5 per cent in November due to lower charges for utility and services, Nordea Capital stock market analysis made available to the Ghana News Agency in Accra on Monday stated. According to the Nordea Capital market analysis, the marginal drop in the CPI is … Read more
The GSE mid-week trading ended with transactions in 16 equities with four price changes The mid-week trading on the Ghana Stock Exchange (GSE) ended with transactions in 16 equities with four price changes; in effect the benchmark GSE – Composite Index dropped by 0.3 per cent to close at 1,578.0 points. The GSE-Financial Stock Index … Read more
Bayport Financial Services Plc is awaiting approval from the Bank of Ghana to merge its operations with sister company CFC Savings and Loans Limited. Mr Kofi Adu-Mensah, the Managing Director of Bayport Ghana Limited, who announced this, said the proposed merger would lead to a bigger entity. Speaking at the Facts Behind the Figures programme … Read more
Telecom operator, Airtel, has ruled out any plans to in the medium to long term, list on the Ghana Stock Exchange (GSE). Though the telecom company is currently listed on the India Stock Exchange, it says it won’t list on Ghana’s bourse. “We are not listing on the Ghana Stock Exchange because Airtel is a … Read more
Facebook is suddenly acting older than its age. The social network’s board has approved a plan to buyback as much as $6 billion of its stock starting in the first quarter of next year, according to a filing with the Securities and Exchange Commission on Friday. “The timing and actual number of shares repurchased will … Read more
Information available to Citi Business News indicate that MTN Ghana is yet to complete processes that will allow it to cede part of its operations to the public. It comes a month after the telecommunication company commenced moves to cede 35 percent of its stake to the public through the floating of shares. Though SEC … Read more
Snap, the parent company of messaging app Snapchat, has filed to list on the US stock market, according to several reports. Based on investments so far, the California-based firm would be worth between $20bn and $25bn (£16bn-£20bn). That would make it the largest US flotation since Chinese e-commerce giant Alibaba listed two years ago. Snapchat’s … Read more
U. S. officials are striving to put finishing touches on a slew of banking rules before President Barack Obama leaves office and hands regulatory power to Donald Trump who has vowed to rewrite the existing financial rule book. President-elect Trump will take over on Jan. 20 and his fellow Republicans will have control of Congress … Read more
The Initial Public Offer (IPO) of Access Bank Ghana shares is set to buoy trading activities on the Ghana Stock Exchange, beginning this November. Listing on stock exchanges is not new to the bank as the shares of its parent company, Access Bank Plc of Nigeria, listed on the Nigeria Stock Exchange, have seen creditable … Read more
Access Bank’s hopes of raising at least GH¢104million on the local capital market is a boost to investors who are always yearning for more securities to invest in. Many analysts have hailed the move, signalling that it could be the launch pad for other multinational giants who are sceptical about the prospects of the stock … Read more
A Commissioner of the Securities and Exchange Commission (SEC), Dr Charles Asembri, has said small businesses have failed to take advantage of the Ghana Alternative Market (GAX) because they do not have adequate information on it. He explained that intensifying education on the benefits of listing on the GAX by the Ghana Stock Exchange (GSE) … Read more
Access Bank Ghana Plc has launched an Initial Public Offer (IPO) for prospective investors to buy shares in the Bank and be part of its growing fortunes. The launch follows approval from the Securities and Exchange Commission (SEC) and the Ghana Stock Exchange (GSE) to undertake an Initial Public Offering and subsequently list on the … Read more
FirstBanC Financial Services Ltd and Databank Group stole the show at the 2016 edition of the Ghana Investment Awards in Accra. FirstBanC Financial Services Ltd carried home four Gold Awards for emerging winner of Advertising Campaign of the Year, Fund Manager of the Year Awards (Portfolio Manager), Most Promising Investment Professional of the Year- Under … Read more
CDH Savings and Loans Limited (formerly Ivory Finance Company), a subsidiary of CDH Financial Holdings Limited, has won a silver award for its contribution to development of the banking and financial services sector in Ghana. The CDH company received the honor at the 9th Ghana Business and Financial Services Excellence Awards, held in Accra, under … Read more
McOttley Unit Trust (McTrust), a product of McOttley Capital Limited and an investment company from the McOttley group of companies, was adjudged the Best Balance Fund in 2015 among about 16 other balance funds operating in Ghana with the highest return of 22.60 percent, the board chairman of McOttley Capital, Ambassador Kabral Blay-Amihere has disclosed. … Read more
Volume traded on the Ghana Stock Exchange (GSE) hit 32,649 shares which were valued at GHS128,171.34 at the close of trade on September 22, a stock market analysis paper made available to the Ghana News Agency, said. Nordea Capital is an investment bank licensed by the Securities and Exchange Commission, which offers a comprehensive range … Read more