Details of Standard Chartered Bank Ghana Ltd.

Company Profile

SymbolSCB
Company NameStandard Chartered Bank Ghana Ltd.
Stated CapitalGH
SecuritySCB, SCB PREF
Nature of BusinessBanking and related services
Date Incorporated1970
CommentsHistory dates back to 1896 when it began operations under the name Bank of British West Africa. In 1970, the bank was incorporated under the Companies Code of Ghana (Act 179) and it became a public company in 1991.
Date ListedProvisional: - November 12, 1990 Formal: - August 23, 1991 Listing of Preference Shares: Feb. 16, 2006
Registered OfficeStandard Chartered Bank Building, No. 87, Independence Avenue, Accra, Ghana.
Postal AddressP.O. Box 768, Accra.
Tel0
Fax0
Email
Websitewww.standardchartered.com/gh
Types of Traded SecuritiesOrdinary and Preference Shares
Issued Shares(GH) (mil.)134.76
Authorised Shares250 million- Ordinary
DirectorsDr. Emmanuel Oteng Kumah - Board Chairman Mr. Henry Baye - Executive Director Herbert Morrison - Independent non - Executive Director Felicia Gbesemete - Independent non - Executive Director Mr. Felix Addo - Independent non - Executive Director J. Kweku Bedu - Addo-Chief Executive Officer Mansa Nettey - Executive Director, Finance Dr. E. Oteng Kumah - Independent non - Executive Director Professor Akua Kuenyehia - Independent Non-Executive Director
Change of Name
Comments

Press Releases

September 2018

SCB announces the relocation of their Head Office to the following address: Standard Chartered Bank Building,
No. 87, Independence Avenue, Accra, Ghana.

SCB also announces that it will be opening a new digital branch within the new Head Office premises subject to regulatory approval.

Issued in Accra, this 5th day of September, 2018.

June 2018

PR. No. 240 refers.
SCB announces the appointment of Dr. Emmanuel Oteng Kumah as the new Chairman of the Board. His appointment is effective July 1, 2018.
Attached is Dr. Kumah’s profile.

Issued in Accra, this 12 th day of June, 2018.

SCB has released the attached announcement for the information of the general investing public.

Issued in Accra, this 6 th day of June, 2018.

May 2018

SCB announces that its Annual General Meeting is scheduled to take place at the National Theatre, Opposite the Efua Sutherland Children’s Park, Accra on Thursday, 7 th June, 2018 at the at 11:00am.

Please find attached the Notice and Agenda for the meeting.

Issued in Accra, this 16 th day of May, 2018.

August 2017

SCB announces the appointment of Professor Akua Kuenyehia and Mr. Henry Baye as Independent Non-Executive Director and Executive Director respectively, to the Board of the Bank. Their appointments are effective July 27, 2017.

Find attached a profile of the two Directors.

Issued in Accra, this 3 rd day of August, 2017.

May 2017

SCB has released its 2016 Annual Report as per the attached.

Issued in Accra, this 17 th day of May, 2017.

SCB announces that Mrs. Felicia Gbesemete, an Independent Non-Executive Director, finished serving her term on the board of the Bank on 4th May, 2017.

She is therefore no longer a director on the board of the Bank.

Issued in Accra, this 10th day of May, 2017.

April 2017

Final Dividend

SCB has announced that the Company’s Directors will be recommending to the shareholders at the upcoming Annual General Meeting, the payment of a final dividend of GH¢1.12 per share for the 2016 financial year. 

Qualifying date

All shareholders registered in the books of SCB at the close of business on Friday, 2nd June, 2017 will qualify for the final dividend.

Closure of Register

The Register of shareholders will be closed from Monday, 5th June, 2017 to Wednesday, 7th June, 2017 (both dates inclusive).

Ex-Dividend Date

In view of the foregoing, the ex-dividend date has been set as Wednesday, 31st May, 2017. Consequently, an investor purchasing SCB shares before this date will be entitled to the final dividend.  However, an investor buying SCB shares on or after Wednesday, 31st May, 2017 will not be entitled to the final dividend.

Dividend Payment Date

The dividend will be paid on Friday, 30th June, 2017.

Annual General Meeting

The Bank’s Annual General Meeting is scheduled to take place at the National Theatre, Accra on Tuesday, 6th June, 2017 at 11:00am.

Issued in Accra, this 26th day of  April, 2017.

November 2016

SCB has released the attached announcement for the information of the general investing public.

Issued at Accra, this 22nd day of  November, 2016.

May 2016

SCB announces that Mr. Herbert Morrison, Independent Non-Executive Director, finished serving his term on the board of the Bank on 4th May, 2016. He is therefore no longer a director on the board of the Bank. Issued in Accra, this 24th day of May, 2016.

Final Dividend

SCB has announced that the Company’s Directors will be recommending to the shareholders at the upcoming Annual General Meeting, the payment of a final dividend of GH¢0.37 per share for the 2015 financial year. 

 

Qualifying date

All shareholders registered in the books of SCB at the close of business on Friday, 3rd June, 2016 will qualify for the final dividend.

Closure of Register

The Register of shareholders will be closed from Monday, 6th June, 2016 to Wednesday, 8th June, 2016 (both dates inclusive).

Ex-Dividend Date

In view of the foregoing, the ex-dividend date has been set as Wednesday, 1st June, 2016. Consequently, an investor purchasing SCB shares before this date will be entitled to the final dividend.  However, an investor buying SCB shares on or after Wednesday, 1st June, 2016 will not be entitled to the final dividend.

Dividend Payment Date

The dividend will be paid on Thursday, 30th June, 2016.

Annual General Meeting

The Bank’s Annual General Meeting is scheduled to take place at the National Theatre, Accra on Tuesday, 7th June, 2016 at the at 11:00am.

Issued in Accra, this 9th day of  May, 2016.

April 2016

Dividend
SCB has announced a dividend of GH¢0.0725 per preference share in respect of the dividend period 31st March, 2016 to 30th September, 2016.   The Dividend Rate (interest) is 27.6325%.

Qualifying date
All preference shareholders registered in the books of SCB at the close of business on Friday, 26th August, 2016 will qualify for the dividend.

Closure of Register
The Register of preference shareholders will be closed from 29th August, 2016 to 31st August, 2016.

Ex-Dividend Date
The ex-dividend date has been set as Wednesday, 24th August, 2016. Consequently, an investor purchasing SCB preference shares before this date will be entitled to the dividend. However, an investor buying SCB preference shares on or after Wednesday, 24th August, 2016 will not be entitled to the dividend.

Dividend Payment Date
The dividend of GH¢0.0725 per preference share will be paid on Friday, 30th September, 2016.

Issued in Accra, this 1st day of  April, 2016.

February 2016

SCB announces the appointment of Mr. David Adepoju, as Non-Executive Director to the Board of the Bank effective 11th February, 2016.

Attached is Mr. Adepoju’s profile.

Issued in Accra, this 15th day of  February, 2016.

October 2015

SCB announces the resignation of Mr. Anil Dua, Non-Executive Director, from the Board of Directors of the Bank effective 30th September, 2015.

Issued in Accra, this 1st day of October, 2015.

August 2015

SCB announces the resignation of Mr. Dayo Omolokun, Executive Director, Finance from the Board of Directors of the Bank effective 13th October, 2015.


Issued in Accra, this 13th day of August, 2015.

April 2015

Final Dividend
SCB has announced the payment of a dividend of GH¢0.35 per share in respect of the year ended December 31, 2014.

Qualifying date
All shareholders registered in the books of SCB at the close of business on Friday, 15th May, 2015 will qualify for the final dividend.

Closure of Register
In view of this the Register of shareholders will be closed from Monday, 18th May, 2015 to Tuesday, 19th May, 2015 (both dates inclusive).

Ex-Dividend Date
In view of the foregoing, the ex-dividend date has been set as Wednesday, 13th May, 2015. Consequently, an investor purchasing SCB shares before this date will be entitled to the final dividend. However, an investor buying SCB shares on or after Wednesday, 13th May, 2015 will not be entitled to the final dividend.

Dividend Payment Date
The dividend will be paid on Tuesday, 30th June, 2015.


Issued in Accra, this 22nd
Day of April, 2015.

March 2015

Dividend
SCB has announced a dividend of GH¢0.0762 per preference share in respect of the dividend period 31st March, 2015 to 30th September, 2015.

Qualifying date
All preference shareholders registered in the books of SCB at the close of business on Friday, 28th August, 2015 will qualify for the dividend.

Closure of Register

The Register of preference shareholders will be closed from 31st August, 2015 to 2nd September, 2015.

Ex-Dividend Date
The ex-dividend date has been set as Wednesday, 26th August, 2015. Consequently, an investor purchasing SCB preference shares before this date will be entitled to the dividend. However, an investor buying SCB preference shares on or after Wednesday, 26th August, 2015 will not be entitled to the dividend.

Dividend Payment Date
The dividend of GH¢0.0762 per preference share will be paid on Wednesday, 30th September, 2015.

Issued in Accra, this 31st
day of March, 2015.

January 2015

Dividend
SCB has announced a dividend of GH¢0.0758 per preference share in respect of the dividend period of six months up to March, 2015.

Qualifying date
All preference shareholders registered in the books of SCB at the close of business on Friday, February 27, 2015 will qualify for the dividend.

Closure of Register
The Register of preference shareholders will be closed from Monday, March 2, 2015 to Wednesday, March 4, 2015 (both dates inclusive).

Ex-Dividend Date

The ex-dividend date has been set as Wednesday, February 25, 2015. Consequently, an investor purchasing SCB preference shares before this date will be entitled to the dividend. However, an investor buying SCB preference shares on or after Wednesday, February 25, 2015 will not be entitled to the dividend.

Dividend Payment Date
The dividend will be paid on Monday, March 30, 2015.

Issued in Accra, this 13th day of January, 2015.

October 2014

SCB has released its un-audited Financial Statements for the third quarter ending September 30, 2014 as per the attached.


Issued in Accra, this 30th day of October, 2014.

SCB has informed the Exchange that the Preference Share dividend in respect of the period September 30, 2014 to March 30, 2015 for preference shareholders will be paid in March 2015.

Should the Directors of the Bank decide to recommend the payment of dividend, the preference dividend rate applicable and the dividend amount will be as follows:-

Dividend Rate - 29.3982%
Dividend Amount - GH¢0.0758 per preference share.

The book closure date regarding the declaration of dividend would be announced later.

Issued at Accra, this 3rd
day of October, 2014

April 2014

Dividend

SCB has announced a dividend of GH¢0.0642 per preference share in respect of the dividend period 31st March, 2014 to 30th September, 2014.  

Qualifying date

All preference shareholders registered in the books of SCB at the close of business on Monday, 15th September, 2014 will qualify for the dividend.

Closure of Register
The Register of preference shareholders will be closed on Tuesday, 16th September, 2014.
 
Ex-Dividend Date

The ex-dividend date has been set as Thursday, 11th September, 2014. Consequently, an investor purchasing SCB preference shares before this date will be entitled to the dividend. However, an investor buying SCB preference shares on or after Thursday, 11th September, 2014will not be entitled to the dividend.

Dividend Payment Date
The dividend of GH¢0.0642 per preference share will be paid on Tuesday, 30th September, 2014.
 
Issued in Accra, this
1st day of April, 2014

March 2014

SCB announces that the bank’s Annual General Meeting is scheduled to take place on Wednesday, May 28, 2014 at the National Theatre, Accra at 11:00am.

 

Issued in Accra, this 25th       

day of March, 2014

October 2013

SCB has informed the Exchange that the Preference Share dividend in respect of the period September 20, 2013 to March 30, 2014 for preference shareholders will be paid in March 2014. 
 
Should the Directors of the Bank decide to recommend the payment of dividend, the preference dividend rate applicable and the dividend amount will be as follows:-
 
Dividend Rate                         -           24.34%
Dividend Amount                    -           GH¢0.0631 per preference share.
 
The book closure date regarding the declaration of dividend would be announced later.
 
Issued at Accra, this 3rd
day of October, 2013

August 2013

SCB announces that following the winding up of operations by Computershare Pan Africa Ghana Limited, they have signed a contract for the provision of registrar services for their shareholders with Ghana Commercial Bank Share Registry.


Issued in Accra, this 2nd
day of August, 2013

April 2013

Final Dividend
SCB has announced that the Company’s Directors will be recommending to the shareholders at the upcoming Annual General Meeting, the payment of a final dividend of GH¢0.47 per share (diluted post 5 for 1 bonus share issue) for the 2012 financial year. The final dividend for 2011 was GH¢3.05 per share.
 
Qualifying date
All shareholders registered in the books of SCB at the close of business on Friday, 17th May, 2013 will qualify for the final dividend.
 
Closure of Register
In view of this the Register of shareholders will be closed from Monday, 20th May, 2013 to Tuesday, 21st May, 2013 (both dates inclusive).
 
Ex-Dividend Date
In view of the foregoing, the ex-dividend date has been set as Wednesday, 15th May, 2013. Consequently, an investor purchasing SCB shares before this date will be entitled to the final dividend. However, an investor buying SCB shares on or after Wednesday, 15th May, 2013will not be entitled to the final dividend.
 
Dividend Payment Date
The dividend will be paid on Friday, 28th June, 2013.
 
Annual General Meeting
The bank’s Annual General Meeting is scheduled to take place on Thursday, 23rd May, 2013 at the National Theatre, Accra at 11:00am
 
Issued in Accra, this 17th       
day of April, 2013
SCB has informed the Exchange that the Preference Share dividend in respect of the period March 29, 2013 to September 30, 2013, for preference shareholders will become due on September 30, 2013.

Should the Directors of the Bank decide to recommend the payment of dividend, the preference dividend rate applicable would be GH¢0.0671 per preference share.

The book closure date regarding the declaration of dividend would be announced later.

Issued at Accra, this 2nd
day of April, 2013

February 2013

Dividend
SCB has announced a dividend of GH¢0.0672 per preference share in respect of the dividend period 30th September, 2012 to 28th March, 2013.  
 
Qualifying date
All preference shareholders registered in the books of SCB at the close of business on Wednesday, 13th March, 2013 will qualify for the dividend.
 
Closure of Register
The Register of preference shareholders will be closed on Thursday, 14th March, 2013.
 
Ex-Dividend Date
The ex-dividend date has been set as Monday, 11th March, 2013. Consequently, an investor purchasing SCB preference shares before this date will be entitled to the dividend. However, an investor buying SCB preference shares on or after Monday, 11th March, 2013will not be entitled to the dividend.
 
Dividend Payment Date
The dividend of GH¢0.0672 per preference share will be paid on Thursday, 28th March, 2013.
 
Issued in Accra, this 26th     
day of February, 2013.

November 2012

SCB has released the attached announcement for the information of the general investing public.


Issued in Accra this 23rd
day of November, 2012

October 2012

Bonus Shares
Following the approval by Standard Chartered Bank Ghana Limited (“SCB” or the “Company”) shareholders at its Annual General Meeting (AGM) held at the National Theatre on April 25, 2012, the Company is pleased to announce a Bonus Issue of 96,256,070 ordinary shares of no par value (the Issue). The Issue will be in a ratio of five (5) new shares for every one (1) existing share held.
 
Qualifying Date
The qualifying date for the Bonus Issue has been set for Tuesday, November 13, 2012. Only shareholders on the register of members of SCB as at the close of business on Tuesday, November 13, 2012 will be entitled to the bonus shares.
 
Closure of Register
Pursuant to section 34 of the Companies Code Act 1963 (Act 179) and regulation 40(b) of the Ghana Stock Exchange Listing Rules, the Register of Members of SCB will be closed to the general public from Wednesday, November 14, 2012 to Thursday, November 15, 2012 (both dates inclusive).
 
Ex-Bonus Date
Consequently for the purposes of trading on the Exchange, the ex-bonus date is Friday, November 9, 2012. This means that investors buying SCB shares on or after Friday, November 9, 2012 will not be entitled to the bonus shares. Those buying before this date will be entitled to the bonus shares.
 
Electronic (book entry) Certification
In line with the Exchange’s decision, paper certificates will not be issued in respect of the bonus shares. Investors who have their shares in the GSE Depository will be automatically credited with the bonus shares due them on the application date. Paper certificates holders or investors who have not as yet put their SCB shares in the GSE Depository are advised to visit any of the brokerage houses and use their certificates as well as the allotment letter for the bonus shares to deposit all existing and new (bonus) shares in a Depository account (opening of a GSE Depository account is free of charge).
 
Transfer from Income Surplus
In respect of the bonus issue, SCB will transfer an amount of GH¢500,000 (five hundred thousand Ghana cedis) from Income Surplus Account to Stated Capital.
 
Further Information
IC Securities (Ghana) Limited is acting as Sponsoring Broker to SCB in connection with this Bonus Issue.
 
For further information, contact the Ghana Stock Exchange, the GSE Securities Depository, IC Securities (Ghana) Limited or Computershare Pan Africa Ghana Limited.
 
Issued in Accra under the authority of Standard Chartered Bank Ghana Limited, this 10th day of October, 2012.

August 2012

Dividend
SCB has announced a dividend of GH¢0.0409 per preference share in respect of the dividend period March 31, 2012 to September 30, 2012.  
 
Qualifying date (Record Date)
All preference shareholders registered in the books of SCB at the close of business on Friday, September 7, 2012 will qualify for the dividend.
 
Register
The Register of preference shareholders will not be closed.
 
Ex-Dividend Date
The ex-dividend date has been set as Wednesday, September 5, 2012. Consequently, an investor purchasing SCB preference shares before this date will be entitled to the dividend. However, an investor buying SCB preference shares on or after Wednesday, September 5, 2012will not be entitled to the dividend.
 
Dividend Payment Date
The dividend will be paid on Friday, September 28, 2012.
 
Issued in Accra, this 24th
day of August, 2012

September 2010

10th Dividend
SCB has announced a 10th dividend of GH¢0.0482 per preference share in respect of the dividend period March 31, 2010 to September 30, 2010.

Qualifying date
All preference shareholders registered in the books of SCB at the close of business on Friday, September 24, 2010 will qualify for the 10th dividend of GH¢0.0482 per preference share.

Closure of Register
The Register of preference shareholders will be closed from Monday, September 27, 2010 to Wednesday, September 29, 2010 (both dates inclusive).

Ex-Dividend Date
The ex-dividend date has been set as Wednesday, September 22, 2010. Consequently, an investor purchasing SCB preference shares before this date will be entitled to the 10th dividend. However, an investor buying SCB preference shares on or after Wednesday, September 22, 2010 will not be entitled to the 10th dividend.

Dividend Payment Date
The 10th dividend of GH¢0.0482 per preference share will be paid on Thursday, September 30, 2010.


Issued in Accra, this 15th
day of September, 2010

March 2010

Final Dividend
SCB has announced a final dividend of GH¢2.47 per share in respect of its financial year ended December 31, 2009.

Qualifying Date
All shareholders registered in the books of SCB at the close of business on Friday, April 23, 2010 will qualify for the final dividend of GH¢2.47 per share which will be approved at the Annual General Meeting.

Closure of Register
The Register of shareholders will be closed from Monday, April 26, 2010 to Wednesday, April 28, 2010, both dates inclusive.

Ex-Dividend Date
In view of the foregoing, the ex-dividend date has been set as Wednesday, April 21, 2010. Consequently, an investor purchasing SCB shares before this date will be entitled to the final dividend. However, an investor buying SCB shares on or after Wednesday, April 21, 2010 will not be entitled to the final dividend.

Dividend payment date
The final dividend of GH¢2.47 per share will be paid on Friday, May 28, 2010.

Annual General Meeting
The Company’s Annual General Meeting will be held on Wednesday, April 28, 2010 at The Accra International Conference Centre.


Issued in Accra, this 31st
day of March, 2010.
9th Dividend
SCB has announced a 9th dividend of GH¢0.0822 per preference share in respect of the dividend period September 30, 2009 to March 29, 2010.

Qualifying date
All preference shareholders registered in the books of SCB at the close of business on Wednesday, March 24, 2010 will qualify for the 9th dividend of GH¢0.0822 per preference share.

Closure of Register
The Register of preference shareholders will be closed from Thursday, March 25, 2010 to Friday, March 26, 2010 (both dates inclusive).

Ex-Dividend Date
The ex-dividend date has been set as Monday, March 22, 2010. Consequently, an investor purchasing SCB preference shares before this date will be entitled to the 9th dividend. However, an investor buying SCB preference shares on or after Monday, March 22, 2010 will not be entitled to the 9th dividend.

Dividend Payment Date
The 9th dividend of GH¢0.0822 per preference share will be paid on Tuesday, March 30, 2010.


Issued in Accra, this 4nd
day of March, 2010.

July 2009

SCB has released its un-audited Financial Statements for the half-year ended June 30, 2009 as per the attached.


Issued at Accra, this 28th
day of July, 2009.



CLICK HERE TO VIEW DETAILS

March 2009

Final Dividend
SCB has announced a Final Dividend of GH¢1.50 per share in respect of its financial year ended December 31, 2008.  
 
Qualifying date
All shareholders registered in the books of SCB at the close of business on Tuesday, April 21, 2009 will qualify for the final dividend of GH¢1.50 per share which would be approved at the Annual General Meeting.
 
Closure of Register
The Register of shareholders will be closed from Wednesday, April 22, - Monday, April 27, 2009 (both dates inclusive).
 
Ex-Dividend Date
The ex-dividend date has been set as Friday, April 17, 2009. Consequently, an investor purchasing SCB shares before this date will be entitled to the final dividend. However, an investor buying SCB shares on or after Friday, April 17, 2009 will not be entitled to the final dividend.
 
Dividend Payment Date
The final dividend of GH¢1.50 per share will be paid on Friday, May 29, 2009.
 
Issued at Accra, this 18th     
day of March, 2009.

Financial Statements

October 2018

SCB has released its unaudited Financial Statements for the third quarter ending September 30, 2018 as per the attached.

Issued in Accra, this 31 st day of October, 2018

April 2018

SCB has released its un-audited Financial Statements for the first quarter ending March 31, 2018 as per the attached.
The password to access the attached document is SCB2018.

Issued in Accra, this 29 th day of April, 2018.

February 2018

SCB has released its audited Financial Statements for the year ended 31 st December, 2017 as per the attached.

Issued in Accra, this 28 th day of February, 2018.

Please use SCB2017 to open the attached file.

July 2017

SCB has released its un-audited Financial Statements for the half year ending June 30, 2017 as per the attached.

Issued in Accra, this 31 st day of July, 2017.

March 2017

SCB has released its audited Financial Statements for the year ended 31st December, 2016 as per the attached.

Issued in Accra, this 28th day of  February, 2017.

October 2016

SCB has released its un-audited Financial Statements for the third quarter ending September 30, 2016 as per the attached.

Issued in Accra, this 28th day of  October, 2016.

July 2016

SCB has released its un-audited Financial Statements for the half year ending June 30, 2016 as per the attached.

Issued in Accra, this 28th day of  July, 2016.

April 2016

SCB has released its un-audited Financial Statements for the first quarter ending 31st March, 2016 as per the attached.

Issued in Accra, this 29th day of  April, 2016.

March 2016

SCB has released its audited Financial Statements for the year ended 31st December, 2015 as per the attached.

Issued in Accra, this 29th day of  February, 2016.

October 2015

SCB has released its un-audited Financial Statements for the third quarter ending September 30, 2015 as per the attached.

Issued in Accra, this 29th day of  October, 2015.

July 2015

SCB has released its un-audited Financial Statements for the half year ending June 30, 2015 as per the attached.


Issued in Accra, this 30th day of July, 2015.

May 2015

SCB has released its un-audited Financial Statements for the first quarter ending 31st March, 2015 as per the attached.


Issued in Accra, this 30th
day of April, 2015.

March 2015

SCB has released its audited Financial Statements for the year ended 31st December, 2014 as per the attached.


Issued in Accra, this 16th
day of March, 2015.

July 2014

SCB has released its un-audited Financial Statements for the half year ending June 30, 2014 as per the attached.


Issued in Accra, this 30th
day of July, 2014

October 2013

SCB has released its un-audited Financial Statements for the nine months ended September 30, 2013 as per the attached.


Issued in Accra, this 31st
day of October, 2013

July 2013

SCB has released its un-audited Financial Statements for the second quarter ending 30th June, 2013 as per the attached.


Issued in Accra, this 29th
day of July, 2013

April 2013

SCB has released its un-audited Financial Statements for the first quarter ending 31st March, 2013 as per the attached.


Issued in Accra, this 26th
day of April, 2013

February 2013

SCB has released its audited Financial Statements for the year ended 31st December, 2012 as per the extracts attached.


Issued in Accra, this 28th
day of February, 2013

April 2010

SCB has released its un-audited Financial Statements for the first quarter ending March 31, 2010 as per the attached.

Issued in Accra, this 22nd
day of April, 2010



CLICK HERE TO VIEW DETAILS

Market News & Information

February 2010

The patch that the market went through in 2009 resulted from the effect of the global financial crisis which began to be felt in the fourth quarter of 2008 and the fact that in 2009, the Exchange also effectively began migrating from paper certification to electronic book entry securities under our new automated Trading System.

August 2009

INTRODUCTION:

The market continued to witness low trading volumes during the first half of 2009.

Aside the global economic crisis, the low activities can also be attributed to the somewhat slow process of immobilization of share certificates into the new depository system. This has to some extent slowed down activities as only shares in the depository are allowed to trade. It is expected that the trend will change when more investors dematerialize their paper certificates and the Ghanaian economic climate improves.

MARKET PERFORMANCE

Index
The GSE All-Share Index recorded a decrease of 48.00% to end the half year of 2009 at 5,423.98points. This is in sharp contrast to the 55.77% gain recorded during the same period in 2008. This means that during the half year to June 2009, the GSE All-Share Index was significantly below the interest equivalent on 91 day Treasury bills of 25.49%.

Turnover
Turnover recorded for the period under review was significantly lower than that for the same period in 2008. The half year to June, 2009 recorded a total volume of 41.47million shares valued at GH¢37.69million compared with a volume and value of 189.08million shares and GH¢196.53m respectively for the same period in 2008.

Active Shares
The ten most actively traded equities for the period January to June, 2009 contributed to total volume and values of trades recorded on the market. In volume terms, GCB continued to lead the pack contributing 28.87% to total volume traded, followed by SCB and CAL with 22.40% and 13.7% respectively. BOPP was fourth with 10.15% while FML, ETI, AYRTN, UNIL, SIC and UT, followed in that order with between 6% and 1% of total volume traded.

In value terms, SCB led the half year with a contribution of 39.33% to total value traded followed by GCB and UNIL with 24.87% and 9.04% respectively. Other companies including CAL, PZ, BOPP, FML, ETI and GGBL contributed between 5.74% and 0.99% to total value traded.

Market Capitalization
Market capitalization at the end of June, 2009 was GH¢15,279.49m (approx. US$10,465.40m) compared with GH¢15,587.76m (approx. US$15,133.74m) at the end of June 2008.

DEPOSITORY

The process of immobilizing share certificates into the GSE Securities Depository system continued to be vigorously pursued by the Exchange. The GSE Securities Depository Company Ltd (GSD) and the Exchange during the period under review consulted and collaborated with stakeholders, particularly Registrars, Dealers and Listed Companies in this regard. It is expected that the evidence of the positive results of the GSE automation will soon be significant as a good number of share certificates are deposited in depository accounts by existing shareholders and new accounts are opened by potential investors.

To facilitate this programme, all listed companies at their respective AGMs passed resolutions as directed by the Exchange to amend their company regulations in order to allow for the conversion of paper certificates into electronic securities. The Exchange and the GSD had the opportunity at these AGMs to speak to shareholders on the benefits of the Depository. So far the top ten with respect to the level of dematerialized securities are:

OUTLOOK

Although the impact of the global financial crisis is being felt in the Ghanaian economy, recent attention on Ghana from the international community as a result of the country’s relatively stable political environment in the sub-region, the visit by the US president, President Barack Obama and Government’s effort aimed at greater economic stability are indications that opportunities still abound for wealth creation and stability augurs well for both existing and potential investors on the stock market. Analysts also believe that the Exchange’s performance in this first half of the year presents an opportunity for stock market investments as shares are relatively cheaper at current prices.

May 2009

The stock market performance during the first quarter ending March 31, 2009 was not much different from the downward trend on most global capital markets. There were generally, low market activity characterized by low demands and large offers for listed securities resulting in a downward pressure on share prices.

Statistics