Who owns Ghana Commercial Bank?

Who owns Ghana Commercial Bank?

the Government of Ghana
Initially, the Bank was wholly owned by the Government of Ghana. However, in 1996, the ownership in the Bank was restructured to reflect private sector participation. Today, government shareholding stands at 51.17% with the Bank listed on the Ghana Stock Exchange.

How much is a share in Ghana Commercial Bank?

The current share price of GCB Bank Limited (GCB) is GHS 5.37.

Do commercial banks have shareholders?

Banks are owned by investors who may or may not be depositors. Banks are owned and controlled by stockholders, whose number of votes depend upon number of shares owned.

Who is the CEO of Ghana Commercial Bank?

The Board of Directors of GCB Bank Limited (GCB) has appointed Mr. Anselm Ransford Adzetey Sowah, a seasoned banker and lawyer as the Managing Director of the Bank.

What is the new name of Ghana Commercial Bank?

GCB Bank Ltd
In 2013, the bank renamed itself GCB Bank Ltd, with a new brand identity which was launched at the end of 2014. Today, GCB Bank Ltd serves the banking needs of large corporations, parastatal companies, small and medium enterprises as well as individuals.

Which companies are selling shares in Ghana 2020?

Companies selling shares in Ghana

  • Access Bank Ghana Plc – 3.49.
  • Agricultural Development Bank – 5.06.
  • Aluworks Limited ALW – 0.1.
  • AngloGold Ashanti Depository Shares – 0.41.
  • AngloGold Ashanti Limited – 37.
  • Benso Oil Palm Plantation Limited – 2.4.
  • CAL Bank Plc – 0.7.
  • Camelot Ghana – 0.11.

What is the interest rate on Treasury bills in Ghana?

Ghana: Markets

Reference Last
Stock Market Index 20 Oct 2021 2,848
Money Market Rate Jun 2021 12.88
Treasury Bills (over 31 days) Jun 2021 12.26
Lending Rate May 2017 22.5

What is meant by a commercial bank?

The term commercial bank refers to a financial institution that accepts deposits, offers checking account services, makes various loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses.

Which bank is not in business to make a profit?

How is a credit union different than a bank? Credit unions are not-for-profit organizations that exist to serve their members.

What are the top 5 banks in Ghana?

Top 10 best banks in Ghana in 2021

  • CAL Bank.
  • Ecobank Ghana.
  • Fidelity Bank of Ghana.
  • GCB- Ghana Commercial Bank.
  • First Atlantic Bank (FAB)
  • Universal Merchant Bank Ghana Ltd.
  • National Investment Bank.
  • Prudential Bank Limited.

When does Ghana Commercial Bank pay dividend to shareholders?

Issued in Accra, this 10thday of July, 2019. GCB announces 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¢0.30 per share for the 2018 financial year.

When does Ghana Commercial Bank release its financial statements?

GCB has released its unaudited consolidated and separate Financial Statements for the half year ending June 30, 2020 as per the attached. GCB has released the attached announcement for the information of the general investing public. Issued in Accra, this 8th day of July, 2020.

Where is the head office of Ghana Commercial Bank?

GCB announces that the company’s 26th Annual General Meeting will be held on Thursday, 30th July 2020 at 10:00am at the Head Office, JEA Mills High Street, Accra, Ghana and streamed live online via https://gcbbankagm.com, Bank’s social media handles (Facebook, Instagram, YouTube and Twitter) and GTV.

Who is the Board of directors of GCB?

GCB has further indicated that both results would be issued by May 31, 2018. Issued in Accra, this 2nd day of May, 2018. GCB announces the resignation of Mr. Samuel Sarpong from the board of the bank effective 28th September, 2017. Issued in Accra, this 20th day of October, 2017.