UT and Capital Bank takeover: A few clarifications for stakeholders

capital bank

The takeover of UT and Capital Bank has resulted in many raised questions by various stakeholders. On 14th August 2017, the Bank of Ghana revoked the licence of both UT Bank and Capital Bank Ltd. This followed a takeover of the two banks by GCB Bank Ltd. While related information continue

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GSE suspends UT Bank Limited of its listing status

UT bank

The Ghana Stock Exchange (GSE) has with effect from Monday, August 14, 2017 suspended the listing status of UT Bank Limited indefinitely. UT Bank has failed to publish its financial results since the end of its financial year December 31, 2015. The non-publication is in breach of the continuing listing

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GCB set to acquire UT bank and Capital bank

GCB bank

The Bank of Ghana (BoG) has given GCB Bank Ltd the green light to acquire two local banks UT and Capital bank. A statement from the central bank and copied to Citi Business News said, ‘The Bank of Ghana has approved a Purchase and Assumption transaction with GCB Bank Ltd that transfers

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Could these listed companies be classified as foundational stocks?

If you have keenly been following the series on ‘get to know your mutual funds’, you would realise that in each post, the top 5 equity holdings of the fund’s portfolio are highlighted. Interestingly, of the few mutual funds covered so far, there appears to be much similarity in their

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Buying low-priced stocks: The benefits we underrate

low-priced stocks

Basically, listed companies on the stock market can be placed under two categories in terms of their share prices. On one side, there is the category of stocks that trade at comparatively high price per share. On the other side, there is another category that fairly trade at low price per share.

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Average interest rate on deposits drops marginally in June

average interest drops

The average interest offered by banks on customer deposits dropped by 2.67 percent between May and June 2017. According to the latest Annual Percentage Rates (APR) and Average Interest (AI) report by the Bank of Ghana, the figure declined from 11.2 to 10.9 percent within the one month period. Although its rate

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Dividend yield of stocks on Ghana Stock Exchange

dividend yield ghana

Earlier this year, I wrote about dividend payments of selected stocks on the Ghana Stock Exchange. In the same post, I mentioned the importance of dividend yield as a comparison criterion of how well dividends are paid by different stocks. Generally, it would be deceptive to compare just the dividend figures of

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GSE records 16.31% return in first half of the year

GSE performance

After failing to post positive results in the last two years, the Ghana Stock Exchange continue on its track of recovering from previous losses. This is reflected in its performance in the first half of the 2017 year. At the end of trading session yesterday (30th June 2017), the GSE Composite Index inched

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Get to know your mutual funds: HFC Equity Trust

HFC equity trust

HFC equity trust was established in July 2004 by HFC Bank (Ghana) Limited. The fund is managed by HFC Investment Services Limited, a subsidiary of HFC bank. Just like most other funds, HFC equity trust is an open-ended investment scheme with a long-term investment goal. Started with an initial capital

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