AFB has released the attached announcement for the information of the general investing public.
Issued in Accra, this 19 th day of February, 2019
AFB has released the attached announcement for the information of the general investing public.
Issued in Accra, this 19 th day of February, 2019
AFB has released the attached announcement for the information of the general investing public.
Issued in Accra, this 19 th day of February, 2019
AFB has released the attached announcement for the information of the general investing public.
Issued in Accra, this 19 th day of February, 2019
AGA has released the attached announcement for the information of the general investing public.
Issued in Accra, this 19 th day of February, 2019.
AGA has released the attached announcement for the information of the general investing public.
Issued in Accra, this 19 th day of February, 2019.
AGA has released the attached announcement for the information of the general investing public.
Issued in Accra, this 19 th day of February, 2019.
GSR has released the attached announcement for the information of the general investing public.
Issued at Accra, this 15 th day of February, 2019.
LISTING OF TRANCHE 9 ON THE GHANA FIXED INCOME MARKET BOND announces the listing of Tranche 9 of its GHS100 Million MTN Programme on the Ghana Fixed Income Market (“GFIM’).
Attached are the details of the new tranche.
Issued in Accra, this 15 th day of February, 2019
TLW has released the attached announcement for the information of the general investing public.
Issued in Accra, this 13 th day of February, 2019
GSR has released the attached announcement for the information of the general investing public.
Issued in Accra, this 12 th day of February, 2019
AFB has released the attached announcement for the information of the general investing public.
Issued in Accra, this 7 th day of February, 2019
AFB has released the attached announcement for the information of the general investing public.
Issued in Accra, this 7 th day of February, 2019
AFB has released the attached announcement for the information of the general investing public.
Issued in Accra, this 7 th day of February, 2019
AGA has released the attached announcement for the information of the general investing
public.
Issued in Accra, this 4 th
day of February, 2019.
GGBL announces the appointment of the following:
- Mrs. Hina Nagarajan as a Non-Executive Director on the Board of the Company effective 11th February, 2019.Mrs. Hina Nagarajan has been the Managing Director of Africa Emerging Markets Diageo Plc since 31st August, 2018 and is leading the business’ operations across Ghana, Ethiopia, Cameroon, Indian Ocean, Angola and several other WACA countries. Her key responsibilities include P&L delivery, investment, category and whitespace entry strategies, M&A as well as partnership opportunities. She is responsible for Corporate Governance and Compliance within all the business units in her region. She’s leads over 1400 people in her current role.
Hina holds an MBA from the Indian Institute of Management, Ahmedabad, a Commerce Honors Degree from Delhi University and a Diploma in Hotel Management from Pusa Institute, Delhi, India.
- Ms. Suzanne Butah as the new Company Secretary effective 5th February. 2019.Ms. Suzanne Butah is an experienced dual England and Ghana qualified commercial lawyer, born and raised in Accra. She received her LLB from the University of Essex in the UK and her Masters in Law from the University College London.
As a young paralegal, Suzanne undertook her training contract at the City office of Addleshaw Goddard LLP (a longstanding Diageo adviser). Upon qualification, she moved back to Accra in 2010 to join Tullow Ghana Limited as a Legal Adviser and then as Senior Legal Adviser.
- Mrs. Hina Nagarajan as a Non-Executive Director on the Board of the Company effective 11th February, 2019.Mrs. Hina Nagarajan has been the Managing Director of Africa Emerging Markets Diageo Plc since 31st August, 2018 and is leading the business’ operations across Ghana, Ethiopia, Cameroon, Indian Ocean, Angola and several other WACA countries. Her key responsibilities include P&L delivery, investment, category and whitespace entry strategies, M&A as well as partnership opportunities. She is responsible for Corporate Governance and Compliance within all the business units in her region. She’s leads over 1400 people in her current role.
Issued in Accra, this 4th day of February, 2019
GSR has released the attached announcement for the information of the general investing public.
Issued in Accra, this 1 st day of February, 2019
GHL Bank has released the attached announcement for the information of the general investing public.
Issued in Accra, this 31 st day of January, 2019
GSR has released the attached announcement for the information of the general investing public.
Issued at Accra, this 29 th day of January, 2019.
TLW has released the attached announcement for the information of the general investing public.
Issued in Accra, this 22 nd day of January, 2019.
ETI has released the attached announcement for the information of the general investing public.
Issued at Accra, this 18 th day of January, 2019.
GSR has released the attached announcement for the information of the general investing public.
Issued at Accra, this 16 th day of January, 2019.
Press Release Number 362/2018 of August 16, 2018 refers.
It is announced for the information of the investing public that the Ghana Stock Exchange (GSE) has decided to compulsorily de-list Pioneer Kitchenware Limited (PKL) from the Main Equity Market of the Exchange. The company will be taken off the Official List at the end of the trading day on January 14, 2019.
The decision is based on Rule 13 of the GSE Listing Rules. Under Rule 13(1) of the GSE’s Listing Rules, “the Council may at any time and in circumstances as it thinks fit, suspend or cancel a listing and shall do so to protect investors and to ensure an orderly market”. Among the reasons for which Council may de-list a company is where the financial situation of the Company is significantly threatened, as provided under Rule 13(4)(g) of GSE’s Listing Rules; or where the Company consistently fails to comply with GSE’s Rules and directives, as per Rule 13(4)(h) of GSE’s Listing Rules.
The Exchange indicated in the referenced press release that PKL would be compulsorily de-listed at the end of December 2018 if the company was not done with the restructuring and resumed production. PKL is currently not in production.
Issued in Accra, this 14th
day of January, 2019
The GSE’s PR. No. 448/2017 (December 27, 2017) and 363/2018 (August 16, 2018) refer.
The Ghana Stock Exchange (GSE) wishes to announce to all market operators, stakeholders and the general investing public that Aluworks Limited (ALW) and Cocoa Processing Company Limited (CPC) have been taken off the GSE’s “Watch List”.
The GSE further announces that the suspension in trading in the shares of CPC has been lifted with immediate effect.
1. Aluworks Limited (ALW)
ALW has provided the Exchange with detailed plans on the recovery strategy of the company.
As part of the strategy, the Social Security and National Insurance Trust (SSNIT), a key shareholder in ALW has approved an interim financing package for the company, which is currently at implementation stage.
ALW has also indicated that the signing of a subscription agreement for an investment by Caitlyn Limited (an existing shareholder) in ALW shares is imminent. Conclusion is to be advised by the company as soon as possible.
2. Cocoa Processing Company Limited (CPC)
On December 17, 2018, CPC released all the accounts that were in arrears; year-end 2015, 2016 and 2017 as well as first, second and third quarters of 2018.
The company also held its Annual General Meeting on December 27, 2018 to present to the shareholders all the outstanding audited accounts – 2015, 2016 and 2017.
CPC on January 8, 2019 issued a press release to update the market on the operations of the company.
It will be recalled that on December 27, 2017 a press release was issued indicating that CPC and ALW have been put on a “Watch List”. This was due to the fact that CPC had not submitted its audited annual financial statements for 2015, 2016 and 2017 and had also failed to conduct Annual General Meetings since 2015. CPC was therefore to be de-listed if the company had not fulfilled all these continuous obligations by December 31, 2018.
Even though, ALW had not breached any of the continuing listing obligations, the financial situation of the company was significantly threatened. ALW’s problem was mainly the sourcing of raw materials for its production.
In view of the forgoing, CPC and ALW have been taken off the GSE’s Watch List with effect from January 14, 2019.
Issued in Accra, this 14th day of January, 2019.
BOPP announces the appointment of Mr. Kwame Agyarko Boaitey Wiafe as a Director of the Company with effect from October 29, 2018 and the resignation of Mr. Lacina Coulibaly and Nene A.O. Amegatcher from the Board.
Attached is the profile of Mr. Kwame Agyarko Boaitey Wiafe.
Issued in Accra, this 14 th day of January, 2019
ALW has provided the Exchange with detailed plans for the recovery strategy of the company.
As part of the strategy, the Social Security and National Insurance Trust (SSNIT), a key shareholder in ALW has approved an interim financing package for the company, which is currently at implementation stage.
The signing of a subscription agreement for an investment by Caitlyn Limited (an existing shareholder) in ALW shares is imminent. Conclusion is to be advised by the company as soon as possible.
Issued in Accra, this 11th day of January, 2019
BAYPORT announces the listing of a new series – BFS10-3Y21, under the company’s GH¢500 million Note Programme on the Ghana Fixed Income Market (“GFIM) today January 11, 2019.
Attached are the details of the series.
Issued in Accra, this 11 the day of January, 2019
The Exchange has admitted to the Ghana Fixed Income Market (GFIM), notes issued by the Government of Ghana in December 2018.
Background Information
Details of the notes are as follows.
| Title | 1-Year Notes | 2-Year Notes | |
| Issuer | Government of Ghana | Government of Ghana | |
| Total Value Issued | GH¢784,018,497 | GH¢1,158,139,144 | |
| Coupon Rate | 15.50% per annum | 19.50% per annum | |
| Issue Date | 03/12/2018, 17/112/2018, and 31/12/2018 | 11/12/2017 and 10/12/2018 | |
| Maturity Date | 02/12/2019, 16/12/2019, and 30/12/2019 | 09/12/2019 and 07/12/2020 | |
| Interest Payment | Half yearly from issue date | Half yearly from issue date |
Non-Resident Foreign (NRF) Investors Participation
The Bank of Ghana has confirmed that participation in Government of Ghana fixed income securities is open to non-resident foreigners (NRF) in respect of securities with tenure of two years and above.
Registration
The Central Securities Depository Ltd will be in charge of registration.
Tax
The Income Tax Act of 2015 (Act 896) requires the withholding of tax in respect of interest payments at the applicable rate of tax.
Issued at Accra on January 10, 2019
GCB announces the appointment of Ms. Amma Agyeman Kusi-Appouh as the Company Secretary of the Bank, effective December 21, 2018.
Attached is a brief profile of Ms. Kusi-Appouh.
Issued in Accra, this 8 th day of January, 2019.
CPC has released the attached announcement for the information of the general investing public.
Issued in Accra, this 8 th day of January, 2019