Analyses et informations stratégiques

Ghana Stock Exchange (GSE)

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Commitment to grow Ghana’s tourism sector to make it a fertile area for investments
. Opening of a new branch at the Bright Inter Industrial hub in Afienya with the strategic objective of enhancing customer experience and satisfaction for over 100 medium to large scale companies and Chinese related business operating in the hub XX

Bank’s shareholders approval of GHC2 bn additional record capital injection to strengthen it’s opérations , to shore up it’s minimum paid up capital, adversely affected by factors including impacts from recent Domestic Debt Exchange Program XX

Collaboration partnership with Absa Bank and Mastercard foundation that will focus on growth and sustainability of small and medium sized enterprises thru the “ Business Acceleration and Sustainability Project”
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Company has stopped its activities and workers have not received any salary for 19 months. Discussions are still on between the main shareholder, the Social Security and National Insurance Trust (SSNIT) and Caitlyn, the second biggest shareholder to make a deal that might save the company

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Successfully started in Q2 2023 , the company is looking forward to go further thru it’s starter pit and mining activities, thus strengthening it’s position in the market, continue to drive growth and create lasting value for all stakeholders
. Announcement of the extension of mineral resources for the Grasshopper Starter Pit Development for Bibiani Gold Mine

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Announcement of a dividend payment of GHC2 1.3247 per share for the 2023 financial year and has been ranked one of the best Ghana’s company on the Ghana Club 100 by the Ghana Investment Promotion Center.
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The company’s indicative share trading liquidity for the year 2023 has been an average of GHS 183.41 K per month
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The company’s total indicative share trading liquidity is an average of GHS 138 per month for 2023
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The company’s total indicative share ittrading liquidity is an average of GHS 242 per month
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The company’s total indicative share trading liquidity is an average of GHS 197 per month for 2023
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The bank has mobilized 25 business leaders across different sectors to galvanize support against malaria in Ghana with an investment of $120.000 in the ‘zero malaria fund’ to help fight the disease
. Well positioned thru the parent company Ecobank Trans. Inter. to deepen trade between Ghana and Africa as a whole and China thru the Bank of China to boost the flow of money and trade.

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The company’s insurance branch that is Ghana largest and leading private insurer in fire, marine, motor and general accident is 100 year old since December 2023 and is pinpointing on their enduring legacy of trust and excellence, commitment to a future where they will continue to provide peace of mind and security to its customer

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Mobilisation de son premier prêt de développement durable de $200 millions par Proparco, Norfund, la DEG, la FMO, et EFP. Premier prêt lié au développement durable a une institution financière subsaharienne
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The company having launched the 2022 fanchoco school caravan program has been able to collect 1.5 million wrappers by engaging 7500 students under the program and is looking forward to engage 250.000 students in Accra, Kumasi, Takoradi in 2024 to continue to amplify it’s commitment to sustainability and healthy snacking

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The bank total indicative share trading liquidity for 2023 is an average of GHS2.09 m per month.
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The company’s chairperson has stated that they are optimistic about the year 2024 with strong fundamentals, strategy and leadership based on their mantra “yes we can” as, thru brand resiliency and ruthless efficiency in execution they have been able to grow market share and revenus with statutory profit improving by plus 600% versus year 2022

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The company has signed thru its subsidiary a farm out and joint operating agreement with Planet One Oil & Gas Ltd for the operation of the Deep water Cape Three Points Block

. Commissioning of 5 Auto Gas Stations nationwide, a move that is the preparation of the full implementation of the government’s cylinder recirculation module policy aiming to ensure that 50% of people have access to safe clean and environmental friendly liquefied petroleum gas by 2030

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The company’s total indicative share trading liquidity for the year 2022 is an average of GHS 8.6 K per month
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La société a augmenté la tarification de certains de ses services de 15% pour, selon le directeur commercial, permettre de continuer à soutenir l’activité et de faire les investissements nécessaires dans le réseau et les nouvelles innovations pour améliorer l’expérience des clients
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Failure to honor its debt obligations owed to six banks, so court has granted the permission to sell it’s assets.
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Award of best ‘mortgage finance in Ghana ‘ at the 35th GREPA awards thru it’s innovative products, competitive interest rates, quick processing time and exceptional delivery service, giving it the status of of ‘master of mortgage’
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Appointment of new directors to the board in order to further strengthen and deepen the diverse blend of expertise and experience across finance, strategic leadership, corporate governance and management
. Opening of applications for cohort 4 of the Standard Chartered Woman In Technology (SWITC) incubator program aimed at equipping the female led businesses with transformational and essential skills needed for success in the dynamic tech enabled business landscape

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At the company’s 16th AGM the chairman said :” we will continue to innovate, invest in our people and operate with integrity while remaining responsive to the evolving needs of our customers and communities pursuing profitable growth opportunities in our core market”

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The bank has celebrated 20 years of doing business in Ghana, noting the loyalty of the customers remaining the cornerstone of its achievements, thus taking the challenge to remain itself committed to its vision and continue to provide financial solutions to positively impact the lives and activities of its customers

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Delisted X

The bank want to get closer to its clientele to respond to their needs and demands with new products and services put at their disposal such as electronic bill payment, online banking, mobile app and ATM cards
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According to the company’s trading statement, 2023 free cash flow is ahead of expectations and the startup of the Jubilee South East drivers production and cash flow growth on track to continue material debt reduction
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The company received 4 awards at the 10th edition of the Ghana Oil & Gas Awards with the lubricant product of the Year Award for the third consecutive time, the

marketing campaign of the Year, oil marketing company of the Year and CEO of the Year Award, demonstrating it’s commitment to excellence in the energy sector
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Post of unaudited 2023 report of a 44% revenue growth compared to the same period last year, attributing this to the sustained investissements made in demand generation and brand building activities, plus the intention to continuing to develop the talent of its workforce

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