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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

Profit of CAL Bank drops after previous performances

cal bank

After recording impressive performances at a time that some banks are struggling in the last three years, CAL Bank has recorded over a ninety percent drop in profits for 2016. According to the 2016 financial results of CAL bank, its profit dropped from 160 million cedis in 2015 to 7.2

Read More

Companies that have declared their 2016 dividends so far

2016 dividends

Over the past two months, a number of listed companies on the Ghana Stock Exchange continue to declare their 2016 dividends to the general public. While others are yet to publish theirs, there is however a few companies that have decided to pay no dividends for the 2016 financial year, mainly due to

Read More

Stock analysts predict buoyant performance on GSE

GSE returns

Stock analysts are confident trading activities will bounce back in the second quarter following a pickup in trading activities on the local bourse. The 2017 first quarter performance indicate that the stock market gained about 10 percent growth compared to the negative 4.26 percent recorded in the same period last

Read More

Databank introduce mobile money top-up option for its clients

Databank mobile money top-up

Databank financial service has introduced a mobile money top-up option for its investment clients. The service, recently launched, allow clients to conveniently top up their various mutual fund accounts with their mobile handsets. The mobile money top-up service is available on all networks and can be used to top up the

Read More