Details of Total Petroleum Ghana Ltd

Company Profile

SymbolTOTAL
Company NameTotal Petroleum Ghana Ltd
Stated CapitalGH
Security
Nature of BusinessMARKETING OF PETROLEUM PRODUCTS & SERVICES
Date Incorporated31ST DECEMBER , 1951
Comments
Date Listed19TH JULY , 1991
Registered OfficeTOTAL HOUSE , 25 LIBERIA ROAD
Postal AddressP.O.BOX 553, ACCRA-GHANA
Tel0
Fax0
Emailtotalgh.inquiry@totalmkt-gh.com
Websitewww.total-ghana.com
Types of Traded SecuritiesOrdinary Shares of no par value
Issued Shares(GH) (mil.)111.87
Authorised Shares50,000,000
DirectorsMR. THIBAULT DE LANGLAIS MR. OLIVIER VAN PARYS MR. REXFORD ADOMAKO-BONSU MR. MOMAR NGUER MR. EMMANUEL DE FOURNAS MR. GERARD PRUNEAU MR. EDWARD GYAMPOH MR. KWADWO OWUSU- TWENEBOA MR. KOFI AMPIM MR. JOHN SACKAH ADDO MR. MARTIN AMENYEDZI
Change of Name
Comments

Press Releases

June 2018

Final Dividend
TOTAL announces a Final Dividend of GH¢0.0701 per share in respect of its financial year ended December 31, 2017.
 
Qualifying date
Members registered in the books of TOTAL at the close of business on Friday, 22nd June, 2018 will qualify for the payment of the final dividend.
 
Closure of Register
The Register of shareholders will be closed from Monday, 25th June, 2018 to Friday, 29th June, 2018 (both dates inclusive).
 
Ex-Dividend Date
The ex-dividend date has been set as Wednesday, 20th June, 2018. Consequently, an investor purchasing TOTAL shares before this date will be entitled to the final dividend. However, an investor buying TOTAL shares on or after Wednesday, 20th
June, 2018 will not be entitled to the final dividend.
 
Dividend Payment Date
The final dividend will be paid from 6th July, 2018.
 
Issued in Accra, this 5th day of June, 2018.

May 2018

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

Issued in Accra, this 9th day of May, 2018.

Results
TOTAL has released its Annual Report and Financial Statements for the year ended December 31, 2017, as per the attached.

Annual General Meeting
The company also announces that its Annual General Meeting will be held at the National Theatre, Liberia Road, Accra on Tuesday, May 29, 2018 at 11 am.

Issued in Accra, this 7th day of May, 2018

October 2017

TOTAL announces the resignation of Mr. Alfred George Thompson as a Director of Total Petroleum Ghana Limited effective 12 th October, 2017.

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

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

Issued in Accra, this 27 th day of October, 2017

 

September 2017

TOTAL announces changes in the Board of Directors as follows:
1. Mr. Eric Fanchini has been appointed as Board Member and Managing Director of the company with effect from September 15, 2017. Mr. Fanchini replaces Mr. Olivier who has been re-assigned within the Total Group.
2. Mr. Samba Salfal Seye has been appointed as a Board Member of the Company with effect from August 28, 2017. Mr. Seye replaces Madam Ada Eze who has been re-assigned within the Total Group.
3. Mr. Alfred George Thompson has been appointed as a Board Member of the Company with effect from September 12, 2017. Mr. Thompson replaces Mr. Martin Amenyedzi who has resigned.
Attached is a brief background on the newly appointed Board Members.

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

May 2017

 

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

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

November 2016

Interim Dividend

TOTAL announces an Interim Dividend of GH¢0.0902 per share in respect of its 2016 financial year.

Qualifying date

Members registered in the books of TOTAL at the close of business on Friday, November 18, 2016 will qualify for the payment of the interim dividend.

Closure of Register

The Register of shareholders will be closed from Monday, November 21, 2016 to

Friday, November 25, 2016 (both dates inclusive).

Ex-Dividend Date

The ex-dividend date has been set as Wednesday, November 16, 2016. Consequently, an investor purchasing TOTAL shares before this date will be entitled to the interim dividend. However, an investor buying TOTAL shares on or after Wednesday, November 16, 2016 will not be entitled to the interim dividend.

Dividend Payment Date

The interim dividend will be paid from Monday, December 9, 2016.

Issued in Accra, this 31stday of October, 2016.

October 2016

TOTAL announces the resignation of Mr. Edward Patrick Larbi Gyampoh from the board of Total Petroleum Ghana Ltd effective 7th September, 2016.

Issued in Accra, this 24th day of  October, 2016.

May 2016

Final Dividend

TOTAL announces a Final Dividend of GH¢0.1151 per share in respect of its financial year ended December 31, 2015.

Qualifying date

Members registered in the books of TOTAL at the close of business on Wednesday, 8th June, 2016 will qualify for the payment of the final dividend.

Closure of Register

The Register of shareholders will be closed from Thursday, 9th June, 2016 to Wednesday, 15th June, 2016 (both dates inclusive).

Ex-Dividend Date

The ex-dividend date has been set as Monday, 6th June, 2016. Consequently, an investor purchasing TOTAL shares before this date will be entitled to the final dividend.  However, an investor buying TOTAL shares on or after Monday, 6th June, 2016 will not be entitled to the final dividend.

Dividend Payment Date

The final dividend will be paid from Wednesday, 22nd June, 2016.

Issued in Accra, this 18th day of  May, 2016.

April 2016

TOTAL announces that the company’s Annual General Meeting will be held at the National Theatre, Liberia Road, Accra on Wednesday, May 11, 2016 at 11 am.

Issued in Accra, this 19th day of  April, 2016.

November 2015

Interim Dividend
TOTAL announces an Interim Dividend of GH¢0.0902 per share in respect of its 2015 financial year.

Qualifying date
Members registered in the books of TOTAL at the close of business on Friday, November 27, 2015 will qualify for the payment of the interim dividend.

Closure of Register
The Register of shareholders will be closed from Monday, November 30, 2015 to Thursday, December 3, 2015 (both dates inclusive).

Ex-Dividend Date
The ex-dividend date has been set as Wednesday, November 25, 2015. Consequently, an investor purchasing TOTAL shares before this date will be entitled to the interim dividend.  However, an investor buying TOTAL shares on or after Wednesday, November 25, 2015 will not be entitled to the interim dividend.

Dividend Payment Date
The interim dividend will be paid on Monday, December 14, 2015.

Issued in Accra, this 3rd day of  November, 2015.

September 2014

TOTAL announces the appointment of Mr. Olivier Van Parys as a member of the Board of Directors and Managing Director of the company with effect from September 1, 2014. He replaces Mr. Guillaume Larroque as Director and Managing Director of the company.

The Company also announces that Mr. Martin Amenyedzi has been appointed as a Board Member of the company with effect from July 16, 2014 and he replaces Mr. Samuel Manu Asiama as a Board Member of the company.

Issued at Accra, this 5th
day of September, 2014

May 2014

Final Dividend
TOTAL has announced a final dividend of GH¢0.0985 per share before tax in respect of its financial year ended December 31, 2013.

Qualifying Date
All shareholders registered in the books of TOTAL at the close of business on Wednesday, June 11, 2014 will qualify for the final dividend.

Closure of Register
The Register of shareholders will be closed from Thursday, June 12, 2014 to Wednesday, June 18, 2014 (both dates inclusive).

Ex-Dividend Date
In view of the foregoing, the ex-dividend date has been set as Monday, June 9, 2014. Consequently, an investor purchasing TOTAL shares before this date will be entitled to the final dividend. However, an investor buying TOTAL shares on or after Monday, June 9, 2014 will not be entitled to the final dividend.

Dividend payment date
The final dividend will be paid from Wednesday, June 25, 2014.

Issued in Accra, this 22nd
day of May, 2014.

November 2013

Interim Dividend
TOTAL announces an Interim Dividend of GH¢0.0771 per share in respect of its 2013 financial year.
 
Qualifying date
Members registered in the books of TOTAL at the close of business on Wednesday, December 18, 2013 will qualify for the payment of the interim dividend.
 
Closure of Register
The Register of shareholders will be closed from Thursday, December 19, 2013 to Friday, December 20, 2013 (both dates inclusive).
 
Ex-Dividend Date
The ex-dividend date has been set as Monday, December 16, 2013. Consequently, an investor purchasing TOTAL shares before this date will be entitled to the interim dividend.  However, an investor buying TOTAL shares on or after Monday, December 16, 2013 will not be entitled to the interim dividend.
 
Dividend Payment Date
The interim dividend will be paid on Tuesday, December 24, 2013.
  
Issued in Accra, this 26th  
day of November, 2013

July 2013

Bonus Shares
Further to the approval by the shareholders of TOTAL PETROLEUM GHANA LIMITED (TOTAL or the Company) at its Annual General Meeting (AGM) held on June 26, 2013, the Company is pleased to announce a Bonus Issue for its shareholders in a ratio of seven (7) new shares for every one (1) existing share held.
 
Qualifying Date
The qualifying date for the Bonus Issue has been set for Wednesday, August 14, 2013. Only shareholders on the register of members of TOTAL as at the close of business on Wednesday, August 14, 2013 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 TOTAL will be closed to the general public from Thursday, August 15, 2013 to Friday, August 16, 2012 (both dates inclusive).
 
Ex-Bonus Date
Consequently for the purposes of trading on the Exchange, the ex-bonus date is Monday, August 12, 2013. This means that investors buying TOTAL shares on or after Monday, August 12, 2013 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 requirement, 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 TOTAL 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.
 
Price
A reference price (reflecting the bonus issue) for TOTAL Shares shall be set by the Exchange on Monday, August 12, 2013.
 
Issued in Accra under the authority of Total Petroleum Ghana Limited,
this 23rd day of July, 2013.

December 2012

TOTAL announces the resignation of Mr. Stanislas Mittelman from the Board of the company effective November 15, 2012.


Issued in Accra, this 19th
day of December, 2012

October 2012

TOTAL announces the appointment of the following to the Board of the company effective October 16, 2012:

 

i.             Mr. Thibault de LANGLAIS
ii.            Mr. Emmanuel de FOURNAS
iii.           Mr. Gérard PRUNEAU

 

Profiles:

 

Mr. Thibault de LANGLAIS

Diploma:      Business School – EM Lyon Promotion 1983

With TOTAL since 1992.

1992/994     -        TOTAL Holding; Corporate Strategy

1994/2000    -        Various positions in chemicals activities (Mexico – France)

2000/2004    -        TOTAL Supply Marketing; Strategy Department (Asia)

2004/2012    -        TOTAL Supply Marketing; Managing Director

2012            -        TOTAL Supply Marketing; Head of Strategy Department

From November 15, 2012 -        TOTAL Africa/Middle East – France – Vice

                                                President for West Africa

 

Mr. Emmanuel de FOURNAS

Educational background and qualifications:

Bachelor in Law 1988

Graduate of Ecole Supérieure de Commerce de Paris (E.S.C.P) in 1990

 

Working experience:

External audit in Arthur Andersen from 1992 to 1996

Since 1996, various positions in Total Group in Finance areas, both France and aboard.

Current position: Head of Financial Control Department for Suplly & Marketing.

 

Other directorship:

Director of Total Holding Asia

Mr. Gérard PRUNEAU

He is an ENSPM graduate with a Masters Degree in Energy Economy. After a first professional experience at the IFP, he joined TOTAL in 1984 where he was in charge of different responsibilities at the General Secretary and at the Holding’s Financial Division, then at the Refining and Marketing.

 

He became responsible for the Management Control of the Refining and Marketing Branch during the merger of Total Fina Elf in 1999.

 

He was then appointed as a Financial Manager for the Asia/Pacific area, based in Singapour, in 2004, then General Secretary of the French Direction in 2008. He is the General Secretary of the Africa/Middle East division of the Supply Marketing, since September 1, 2012.

 

Mr. Christian des CLOSIERES has resign from the Board effective October 16, 2012.

 

Issued at Accra, this 25th

day of October, 2012.

November 2010

Interim Dividend
TOTAL has announced an Interim Dividend of GH¢0.3776 per share in respect of its 2010 financial year.
 
Qualifying date
Members registered in the books of TOTAL at the close of business on Tuesday, November 30, 2010 will qualify for the payment of the interim dividend.
 
Closure of Register
The Register of shareholders will be closed from Wednesday, December 1, 2010 to Wednesday, December 8, 2010 (both dates inclusive).
 
Ex-Dividend Date
The ex-dividend date has been set as Friday, November 26, 2010. Consequently, an investor purchasing TOTAL shares before this date will be entitled to the interim dividend. However, an investor buying TOTAL shares on or after Friday, November 26, 2010 will not be entitled to the interim dividend.
 
Dividend Payment Date
The interim dividend of GH¢0.3776per share will be paid on Friday, December 17, 2010
Issued in Accra, this 3rd      
day of November, 2010.

January 2010

TOTAL has released its un-audited Financial Statements for the year ended December 31, 2009 as per the attached.


Issued at Accra, this 27th
day of January, 2010


CLICK HERE TO VIEW DETAILS

December 2009

Our Press Release No. 351/2009 refers.

Please note that the payment date for TOTAL's Interim Dividend is FRIDAY, DECEMBER 18,2009 and not December 13, 2009 as stated in the above reference.

Issued at Accra, this 7th

day of December, 2009.

November 2009

Interim Dividend
TOTAL has announced an interim dividend of GH¢0.2286 per share in respect of its financial year ending December 31, 2009.

Qualifying date
All shareholders registered in the books of TOTAL at the close of business on Monday, November 30, 2009 will qualify for the interim dividend of GH¢0.2286 per share.

Closure of Register
The Register of shareholders will be closed from Tuesday, December 1, 2009 to Tuesday, December 8, 2009 (both dates inclusive).

Ex-Dividend Date
In view of the foregoing, the ex-dividend date has been set as Thursday, November 26, 2009. Consequently, an investor purchasing TOTAL shares before this date will be entitled to the interim dividend. However, an investor buying TOTAL shares on or after Thursday, November 26, 2009 will not be entitled to the interim dividend.

Dividend Payment Date
The interim dividend of GH¢0.2286 per share will be paid on Friday, December 13, 2009.


Issued at Accra, this 5th
day of November, 2009

July 2009

TOTAL has released its un-audited financial statements for the half year ended June 30, 2009 as per the attached.



Issued at Accra, this 21st
day of July, 2009.



CLICK HERE TO VIEW DETAILS

CLICK HERE TO VIEW DETAILS 1

June 2009

TOTAL has announced for the information of the general public the following changes in the membership of the company’s Board of Directors:

i) Mr. Kwadwo Owusu-Tweneboa of National Investment Bank (NIB) has been appointed as a member of the Board of Directors to replace Mr. Daniel Charles Gyimah formerly of NIB with effect from June 3, 2009.

Mr. Kwadwo Owusu-Tweneboa is the Deputy Managing Director of the bank since 2001. Prior to this, Mr. Owusu-Tweneboa was Director of Studies at the National Banking College, Accra, Ghana.

Mr. Owusu-Tweneboa is the Chairman of the Board of NTHC Limited and Bedrock Venture Capital Finance Company Limited and also serves as a member on some boards of companies.

He graduated in Economics from the University of Ghana in 1975 and proceeded to the UK for further studies in 1981. He obtained a Post-graduate Diploma in Development Economics and a Master in Economics & Finance in 1982 and 1983 respectively from the University of Manchester. He has had extensive experience in banking and has gone on attachment to some banking institutions in India in1987 and 1997.

ii) Mr. Ronan Bescond has also been appointed as a member of the Board to replace Mr. Olivier Berthaud with effect from June 2, 2009.

Mr. Bescond is a French national. He is presently the Corporate Finance Manager for TOTAL, Africa. He holds an Engineering Degree from Ecole Nationale Superieure de Chimie De Nontpellier (France) and a Master Degree from National University of Singapore.

He joined TOTAL in 2000 in ATOFINA Chemicals in Philadelphia. In 2001 he was at the Liquified National Gas Division of TOTAL in Paris. He represents TOTAL in various LNG projects such as Nigeria LNG, Angola LNG and Oman LNG.

He joined the Finance Division of TOTAL SA (Holding) in 2005 and he is a member of the Board of Directors of TOTAL E & P Angola.


Issued at Accra, this 12th
day of June, 2009.

May 2009

Final Dividend
Total has announced a final dividend of GH¢0.2371 per share in respect of its financial year ended December 31, 2008.

Qualifying date
All shareholders registered in the books of Total at the close of business on Wednesday, July 22, 2009 will qualify for the final dividend of GH¢0.2371 per share if approved at the Annual General Meeting.

Ex-Dividend Date
In view of the foregoing, the ex-dividend date has been set as Monday, July 20, 2009. Consequently, an investor purchasing Total shares before this date will be entitled to the final dividend. However, an investor buying Total shares on or after Monday, July 20, 2009 will not be entitled to the final dividend.

Dividend Payment Date
The final dividend of GH¢0.2371 will be paid on Thursday, July 30, 2009.

Closure of Register
The Register of Total shareholders will be closed to the general public from Thursday, July 23, 2009 – Wednesday, July 29, 2009 (both dates inclusive).

Annual General Meeting
The next Annual General Meeting will be held at the National Theater, Liberia Road Accra on Wednesday, June 3, 2009 at 11.00 am.


Issued at Accra, this 15th
day of May, 2009.

April 2009

The next Annual General Meeting of Total will be held on Wednesday, 3 June, 2009 at 11.00am at the National Theatre, Accra.


Issued at Accra, this 8th
day of April, 2009.

Financial Statements

May 2018

TOTAL has released its un-audited Financial Statements for the first quarter ending March 31, 2018 as per the attached.

Issued at Accra, this 30 th day of April, 2018.

March 2018

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

Issued in Accra, this 28th day of March, 2018

January 2018

TOTAL has released its unaudited Financial Statements for the year ended December 31, 2017 as per the attached

Issued at Accra, this 30 th day of January, 2018.

July 2017

TOTAL has released its unaudited Financial Statements for the half year ending June 30, 2017 as per the attached

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

May 2017

TOTAL has released its un-audited Financial Statements for the first quarter ending March 31, 2017 as per the attached.

Issued at Accra, this 2nd day of  May, 2017.

July 2016

TOTAL has released its unaudited Financial Statements for the half year ending June 30, 2016 as per the attached

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

April 2016

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

Issued at Accra, this 27th day of  April, 2016.
TOTAL has released its audited Financial Statements for the year ended December 31, 2015, as per the attached.

Issued in Accra, this 7th day of April, 2016

February 2016

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

Issued at Accra, this 29th day January, 2016

October 2015

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

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

July 2015

TOTAL has released its unaudited Financial Statements for the half year ending June 30, 2015 as per the attached


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

May 2015

TOTAL has released its unaudited Financial Statements for the first quarter ending March 31, 2015 as per the attached


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

October 2013

TOTAL has released its un-audited Financial Statements for the third quarter ended September 30, 2013 as per the attached.


Issued at Accra, this 30th
day of October, 2013

August 2013

TOTAL has released its un-audited Financial Statements for the half-year ended June 30, 2013 as per the attached.


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

April 2013

TOTAL has released its first quarter Financial Statements for the period ending March 31, 2013 as per the attached


Issued at Accra, this 24th
day of April, 2013
TOTAL has released its audited Financial Statements for the year ended December 31, 2012 as per the attached.


Issued at Accra, this 4th
day of April, 2013

January 2013

TOTAL has released its un-audited Financial Statements for the year ended December 31, 2012 as per the attached.


Issued at Accra, this 31st
day of January, 2013

August 2010

TOTAL PETROLEUM GHANA LIMITED (

TOTAL has released its un-audited Financial Statements for the second quarter ended June 30, 2010 as per the attached.


Issued in Accra, this 29th
day of July, 2010


CLICK HERE TO VIEW DETAILS

July 2010

TOTAL has released its un-audited Financial Statements for the second quarter ended June 30, 2010 as per the attached.


Issued in Accra, this 29th
day of July, 2010


CLICK HERE TO VIEW DETAILS

Market News & Information

January 2014

The Ghana Stock Exchange in 2013 experienced another outstanding performance of listed equities since its establishment in 1990. The GSE Composite Index which measures the performance of the entire market went up by 78.81%, obviously one of the best in Africa. In US dollar ($) terms it was up by 55% second to Malawi in Africa. The exceptional 2013 performance was buoyed largely by increased investor awareness and good operating results of many of the listed companies supported by the renewed investor confidence in the Ghanaian market and economy.
 

May 2013

The Ghana Alternative Market (GAX) is a parallel market operated by the Ghana Stock Exchange. It focusses on businesses with potential for growth. The GAX accommodates’ companies at various stages of their development, including start-ups and existing enterprises, both small and medium.

May 2012

In 2011, the Ghana Stock Exchange implemented some major changes in its trading activities. To complement the automated trading regime, the Exchange extended its trading hours to afford dealers increased contact hours with their clients during the trading day and also to afford non-resident investors in time zones different from Ghana, greater opportunity to reach out to their local brokers.

August 2011

At the end of April 2011, the GSE Composite Index (GSE-CI) closed at 1,100.38 points compared to 1,071.50 points for March 2011, to represent a gain of 28.88 points (or 2.70%) during the month. The highest level of 1,100.38 points was recorded on April 29, 2011 and the lowest level of 1,046.08 was recorded on April 13, 2011.

The GSE Financial Stocks Index (GSE-FSI) closed at 1,086.49 points at the end of April compared to 1,053.91 recorded at the end of March to represent a gain of 32.58 points (or 3.09%) during the month. The highest level 1,092.94 points, was recorded on April 28, 2011 and the lowest level of 1,025.29 points was recorded on April 13, 2011.

The total equity market capitalization on April 29, 2011 was GHC 20,016.08 million, an increase of 0.05% compared to GHC 20,012.50 million recorded at the end of March 2011.



CLICK HERE TO VIEW DETAILS

The Financial Sector was the most active in terms of the number of transactions executed in June 2011. The sector recorded 1,990 transactions, equivalent to 64.65% of the total number of transactions, followed by the Food & Beverages Sector with 404 transactions or 13.13% and the Distribution Sector with 381 transactions or 12.38%.


CLICK HERE TO VIEW DETAILS

April 2010

FOREIGN players in Ghana’s high-potential telecoms, energy and mines sectors should list shares locally to .ensure Ghanaians reap some of the profits, the Deputy Managing Director of the Ghana Stock Exchange has stated.

November 2009

The Ghana Stock Exchange (GSE) has approved the application for Provisional Listing of Comet Properties Limited. The application was sponsored by Worldwide Securities Limited, a licensed dealing member of the GSE.

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.

June 2009

Remote trading was today, Monday, June 01, 2009, started on the Ghana Stock Exchange. This means stockbrokers can now trade directly from their offices without coming to the trading floor.

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.

The Chief Executive Officer of UT Financial Services and his team featured on the Exchange’s Facts Behind the figures programme on Tuesday, May 5, 2009 to present details of the company’s performance for 2008 and projections for 2009.

In his opening remarks, Mr. Kofi Amoabeng, CEO of the company said the year 2008 was tremendous for UT despite the threat of the global financial crisis. The year saw the listing of UT Financial Services Ltd on the stock market and the expansion of its operations in Tarkwa and Sunyani as well as other parts of Accra.

Giving the financial results of the company, Mrs. Pearl Esua-Mensah, Director of Finance of UT, attributed the strong performance to the company’s continual building of diversified portfolio whiles at the same time maintaining strong capital levels and good liquidity.

The company’s after tax earnings increased by 21% to GH¢7.7m and total assets grew by 68% to GH¢127.8m. Net worth currently stands at GH¢16.8m representing an increase of 52% over the previous year. GH¢3m of this figure was raised from the IPO.

On projections for 2009, Mrs. Esua-Mensah said despite the global financial crisis, they expect to continue with the branch expansion programme. They will also seek cheaper sources of finance, increase revenue from growth and improve efficiency whiles reducing their costs. In forecasting for the year, the Director of Finance reiterated that they expect to increase the company’s interest income by 30%, interest expense by 60% profit after tax by 30% and decrease non-performing loans by 1%.

In his closing remarks, Mr. K.S. Yamoah, Managing Director of the GSE commended UT for maintaining high investor confidence by delivering their promise of dividend declaration within their first year of listing on the Exchange. UT declared a dividend of GH¢0.0101 per share for financial year ended 2008.

October 2008

Golden Star Resources (GRS), a gold mining company listed on AMEX and Toronto Stock Exchange, was officially listed on the Ghana Exchange Stock on Friday, February 15, 2008, having completed a Ghanaian Offer for Subscription in which 1,881,630 shares were sold to the investing public at GH¢3.00 each raising GH¢5.64million.

Statistics