CAL Bank Limited has successfully raised its stated capital to GHS100.00 million as mandated by its shareholders at their last AGM on March 31, 2011. This comes after CAL reached definitive investment agreements with three strategic partners (African Development Partners I, Proparco of France and SSNIT of Ghana) to raise GHS75.00 million through...
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The Board of Directors of SIC Insurance Company Limited, largest insurance company in Ghana has relieved Mr Ben Acolatse of his position as Managing Director with effect from Friday May 4, 2012. The Board of the company has appointed Doris Awo Nkani as to act in his absence until a permanent appointment is made.
Doris until her n...
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The Ghana Stock Exchange (GSE) is to set-up a GH¢1million revolving fund to support the listing of small- and medium-scale enterprises (SMEs) on the exchange. The Fund, known as the SME Listing Revolving Fund Facility, will provide resources to qualifying high-growth companies to have listings expenses paid ahead of actual public floatation...
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UT Bank Limited has confirmed that it has met Bank of Ghana’s GHS60 million recapitalization requirement. This was contained in a statement released by the bank. This follows a subscription agreement with the International Finance Corporation (IFC) which will see the corporation invest up to 22 million Cedi into the bank. UT now joins the ...
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Ghana Commercial Bank Limited will release its financial statements for the 2011 financial year by end of May 2012 instead of the March 31 mandatory deadline
A press release issued by the bank stated that the bank had obtained approval from the Bank of Ghana and the Securities and Exchange Commission to file its fina...
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AngloGold Ashanti more than doubled its full-year dividend on record cash flows and said that it was likely to boost quarterly dividends in the current financial year to about 100c/share per quarter.
“We will continue to grow the dividend where appropriate. About 100c/share per quarter seems the right type of number,” ...
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The Monetary Policy Committee of the Bank of Ghana has raised the Policy Rate by 100 basis points from 12.50% to 13.50%. This was announced at a press briefing addressed by the Governor of the Central Bank, Mr Kwesi Amissah-Arthur on Wednesday February 15, 2012 in Accra.
The rise in the policy rate was to contain...
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