Misplaced Pages

#284715

44-540: Since its inception, the GSE's listings have been included in the main index, the GSE All-Share Index . In 1993, the GSE was the sixth best index performing emerging stock market , with a capital appreciation of 116%. In 1994 it was the best index performing stock market among all emerging markets , gaining 124.3% in its index level. 1995's index growth was 6.3%, partly because of high inflation and interest rates. Growth of

88-543: A single investor (i.e. one who is not a Ghanaian and who lives outside the country) is allowed to hold up to 10% of every equity. Secondly, for every equity, foreign investors may hold up to a cumulative total of 74% (in special circumstances, this limit may be waived). The limits also exclude trade in Ashanti Goldfields shares. These restrictions were abolished by the Foreign Exchange Act, 2006 (Act 723). There

132-594: A total of 100 million authorised shares and 33.34 million issued shares. As of 12 September 2014, its stated capital was GH¢866,201. PZC is symbol representing PZ Cussons Ghana Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 12 November 1990. Its traded securities are ordinary shares of no par value. PZC has a total of 200 million authorised shares and 168,000,000 issued shares. As of 12 September 2014, its stated capital

176-480: A total of 100 million authorised shares and 21,828,035 issued shares. As of 12 September 2014, its stated capital was GH¢220,990. TBL is symbol representing Trust Bank Limited ( The Gambia ) on the Ghana Stock Exchange . It was listed on the Stock Exchange on 15 November 2002. Its traded securities are ordinary shares of no par value. TBL has a total of 200 million authorised shares and 200,000,000 issued shares. As of 12 September 2014, its stated capital

220-495: A total of 20,000,000,000 authorised shares and 1,100,826,240 issued shares. As of 19 August 2014, its stated capital was GH¢16,778,315. EGH is symbol representing Ecobank Ghana Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange in July 2006. Its traded securities are ordinary shares . EGH has a total of 500 million authorised shares and 293,228,372 issued shares. As of 19 August 2014, its stated capital

264-466: A total of 200 million authorised shares and 118,707,288 issued shares. As of 19 August 2014, its stated capital was GH¢10,000,000.00. GCB is symbol representing Ghana Commercial Bank Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 17 May 1996. Its traded securities are ordinary shares of no par value. GCB has 1,500,000,000 authorised shares and 265,000,000 issued shares . As of 19 August 2014, its stated capital

308-485: A total of 500,000,000 authorised shares and 180,000,000 issued shares. As of 19 August 2014, its stated capital was GH¢1500. BOPP is symbol representing Benso Oil Palm Plantation Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 16 April 2004. Its traded securities are ordinary shares of no par value. BOPP has a total of 50,000,000 authorised shares of no par value and 34,800,000 issued shares. As of 19 August 2014, its stated capital

352-461: A total of 750,000,000 authorised shares and 29.966,304 issued shares. As of 19 August 2014, its stated capital was GH¢31,809,265.00. HFC is symbol representing HFC Bank Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 17 March 1995. Its traded securities are ordinary shares of no par value. HFC has a total of 1 billion authorised shares and 296,080,918 issued shares. As of 12 September 2014, its stated capital

396-492: Is a common label for a super-voting series of common stock. Common stocks exist on both public and private markets, however the accessibility differs due to the fact that only publicly traded companies may have common stock publicly listed. Some companies may for various reasons delist some or all of their shares from the public market and common stock may then be converted to limited common stock, other stock or be liquidated altogether. Common stock listings may be used as

440-508: Is a form of corporate equity ownership, a type of security . The terms voting share and ordinary share are also used frequently outside of the United States . They are known as equity shares or ordinary shares in the UK and other Commonwealth realms. This type of share gives the stockholder the right to share in the profits of the company, and to vote on matters of corporate policy and

484-434: Is an 8% withholding tax on dividend income for all investors. Capital gains on securities listed on the exchange will remain exempt from tax until 2015. The exemption of capital gains applies to all investors on the exchange. There are no exchange control regulations on the remittance of original investment capital, capital gains, dividends , interest payments, returns and other related earnings. Potential changes at

SECTION 10

#1732848268285

528-408: Is liquidated. In general, common stockholders have lowest priority to receive payouts from the company. They may not receive dividends until the company has met obligations on any preference shares it has issued, and they receive distributions in liquidation only after bondholders, creditors (including employees) and preference share owners have been paid. When liquidation happens through bankruptcy ,

572-571: Is the GSE Composite Index . It was introduced in 2011 with a base value of 1000 points. This index is calculated from the values of each of the market's listings. AADs is symbol representing AngloGold Ashanti Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 27 April 2004. Its traded securities are ordinary shares of no par value. AADs has a total of four million (4,000,000) authorised shares and 978,000 issued shares. As of 19 August 2014, its stated capital

616-484: The Ghana Stock Exchange . It was listed on the Stock Exchange on 11 September 2006. Its traded securities are equities . ETI has a total of 800,000,000 authorised shares and 17,213 Billion issued shares. As of 19 August 2014, its stated capital was US$ 867,714,000. FML is symbol representing Fan Milk Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 18 October 1991. Its traded securities are ordinary shares of no par value. FML has

660-412: The Ghana Stock Exchange . It was listed on the Stock Exchange on 16 November 2007. Its traded securities are ordinary shares of no par value. GOIL has a total of 1,000,000,000 authorised shares and 252.22 million issued shares. As of 19 August 2014, its stated capital was GH¢31,809,265.00. GSR is symbol representing Golden Star Resources Limited on the Ghana Stock Exchange . It was listed on

704-408: The Ghana Stock Exchange . It was listed on the Stock Exchange on 19 July 1991. Its traded securities are ordinary shares of no par value. TOTAL has a total of 50 million authorised shares and 13,948,259 issued shares. As of 12 September 2014, its stated capital was GH¢49,722,000. TRANSOL is symbol representing Transol Solutions Ghana Limited on the Ghana Stock Exchange . It was listed on

748-415: The Ghana Stock Exchange . It was listed on the Stock Exchange on 19 May 2004. Its traded securities are ordinary shares of no par value. CYLD has a total of one hundred million (100,000,000) authorised shares of no par value and 5,548,500,000 issued shares. As of 19 August 2014, its stated capital was GH¢554,850. CMLT is symbol representing Camelot Ghana Limited on the Ghana Stock Exchange . It

792-406: The Ghana Stock Exchange . It was listed on the Stock Exchange on 27 April 2004. Its traded securities are ordinary shares of no par value. AGA has a total of six million (600,000,000) authorised shares and 403,364,237 issued shares. As of 19 August 2014, its stated capital was ZAR 49,342,276,064.06. ALW is symbol representing Aluworks Ltd. on the Ghana Stock Exchange . It was listed on

836-438: The Ghana Stock Exchange . It was listed on the Stock Exchange on 29 December 2004. Its traded securities are ordinary shares of no par value. SPL has a total of 500 million authorised shares and 74,244,825 issued shares. As of 12 September 2014, its stated capital was GH¢1,982,028. SWL is symbol representing Sam Wood Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 24 April 2002. SWL has

880-469: The Stock Exchange on 15 February 2008. Its traded securities are ordinary shares of no par value. GSR has Unlimited ( Under Canadian Law ) authorised shares and 259,105,970 issued shares. As of 19 August 2014, its stated capital was US $ 520,320,000. GWEB is symbol representing Golden Web Ltd. on the Ghana Stock Exchange . It was listed on the Stock Exchange on 29 August 2005. Its traded securities are ordinary shares of no par value. GWEB has

924-515: The Stock Exchange on 29 December 2006. Its traded securities are equity shares . TRANSOL has a total of 1 billion authorised shares and 80,000,000 issued shares. As of 12 September 2014, its stated capital was GH¢2,150,000. UNIL is symbol representing Unilever Ghana Limited on the Ghana Stock Exchange . It was formally listed on the Stock Exchange on 23 August 1991. UNIL has a total of 100 million authorised shares and 62.5 million issued shares. As of 12 September 2014, its stated capital

SECTION 20

#1732848268285

968-473: The Stock Exchange on 29 November 2004. Its traded securities are ordinary shares of no par value. ALW has a total of one billion (1,000,000,000) authorised shares and 236,687,001 issued shares. As of 19 August 2014, its stated capital was GH¢31,650,000. AYRTN is symbol representing Ayrton Drugs Manufacturing Company Ltd. on the Ghana Stock Exchange . It was listed on the Stock Exchange on 27 April 2004. Its traded securities are equity . AYRTN has

1012-650: The GSE has commenced, marking a shift in Ghana's mineral exploitation practices. The Atlantic Lithium, overseeing the Ewoyaa Lithium Project in the Central Region, officially entered the Ghana Stock Exchange on Monday, May 13, 2024, offering shares valued at GHC649,669,053. [1] The exchange has pre-market sessions from 9:30am to 10:00am and a continuous auction session from 10:00am to 3:00pm GMT on all days of

1056-440: The composition of the members of the board of directors . The owners of common stock do not directly own any assets of the company; instead each stockholder owns a fractional interest in the company, which in turn owns the assets. As owners of a company, common stockholders are eligible to receive dividends from its recent or past earnings, proceeds from a sale of the company, and distributions of residual (left-over) money if it

1100-434: The exchange include the introduction of automated trading and the listing of some state banks. The Bank of Ghana plans the development of mutual funds, unit trusts and municipal bonds at a subsequent date. These changes are aimed at making the exchange more relevant, efficient and effective. The exchange was also involved in preparing the draft law on collective investment vehicles. The trading of Atlantic Lithium’s shares on

1144-558: The exchange. A distant third is the banking sector while other listed companies fall into the insurance , mining and petroleum sectors. Most of the listed companies on the GSE are Ghanaian but there are some multinationals. Although non-resident investors can deal in securities listed on the exchange without obtaining prior exchange control permission, there are some restrictions on portfolio investors not resident in Ghana. The current limits on all types of non-resident investor holdings (be they institutional or individual) are as follows:

1188-499: The index for 1997 was 42%, and at the end of 1998 it was 868.35 (see the 1998 Review for more information). As of October 2006 the market capitalization of the Ghana Stock Exchange was about 111,500 billion cedis ($ 11.5 billion). As of December 31, 2007, the GSE's market capitalization was 131,633.22 billion cedis. In 2007, the index appreciated by 31.84% (see the "Publications" section on the GSE's website for more information). The manufacturing and brewing sectors currently dominate

1232-475: The ordinary shareholders typically receive nothing. Since common stock is more exposed to the risks of the business than bonds or preferred stock, it offers a greater potential for capital appreciation . Over the long term, common stocks tend to outperform more secure investments, despite their short-term volatility. Owners of a company's common stock are entitled to rights that are enumerated in its articles, bylaws and applicable corporate law. These can include

1276-420: The right to request access to the company's financial records, the list of shareholders, and other records that they legitimately require to fulfill their ownership duties. Common/Equity stock is classified to differentiate it from preferred stock. Each is considered a stock class , with different series of each issued from time to time such as Series B Preferred Stock. Nevertheless, using "Class B Common Stock"

1320-403: The right to vote on directors, officers, compensation plans and major business actions such as acquisition or dissolution. Many companies also allow them to submit and vote on proposals to amend the bylaws or to mandate actions by the board. Pre-emption rights and shareholder rights plans regulate the terms under which new shareholders can affect the interests of existing ones. Shareholders have

1364-414: The week except Saturdays, Sundays and holidays declared by the exchange in advance. The websites of licensed dealing members, or "LDMs", of the Ghana Stock Exchange typically include detailed information about the exchange, daily rates, company research and further links. Licensed brokers of the GSE include: GSE All-Share Index The principal stock index of the Ghana Stock Exchange or GSE

Ghana Stock Exchange - Misplaced Pages Continue

1408-399: Was Dalasis 200,000,000. TLW is symbol representing Tullow Oil Plc on the Ghana Stock Exchange . It was listed on the Stock Exchange on 27 July 2011. Its traded securities are ordinary shares of no par value. TLW has a total of 903,846,948 issued shares. As of 12 September 2014, its stated capital was GH¢109,477,926. TOTAL is symbol representing Total Petroleum Ghana Limited on

1452-407: Was GH¢1,200,000. UTB is symbol representing UT Bank Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 25 November 2008. Its traded securities are ordinary shares of no par value. UTB has a total of 750 million authorised shares and 456,310,181 issued shares. As of 12 September 2014, its stated capital was GH¢85,275,000. Ordinary shares Common stock

1496-434: Was GH¢2,000,000. CAL is symbol representing CAL Bank Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 5 November 2004. Its traded securities are ordinary shares of no par value. CAL has a total of one billion (1,000,000,000) authorised shares and 548,261,549 issued shares. As of 19 August 2014, its stated capital was GH¢100,000,000. CLYD is symbol representing Clydestone Limited on

1540-472: Was GH¢2,160,000. SCB is symbol representing Standard Chartered Bank Ghana Limited on the Ghana Stock Exchange . It was formally listed on the Stock Exchange on 23 August 1991. Its traded securities are ordinary and preference shares . SCB has a total of 250 million authorised shares ( Ordinary ) and issued shares consist of 115,507,284 million ordinary shares and 17,486,083 million preference shares . As of 12 September 2014, its stated capital

1584-507: Was GH¢2,500,000. SOGEGH is symbol representing Societe Generale Ghana Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 13 October 1995. Its traded securities are ordinary shares of no par value. SOGEGH has a total of 500 million authorised shares and 333,393,894 issued shares. As of 12 September 2014, its stated capital was GH¢62,393,557.80. SPL is symbol representing Starwin Products Limited on

1628-450: Was GH¢226.64 million. EGL is symbol representing Enterprise Group Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 21 February 1992. Its traded securities are ordinary shares of no par value. EGL has a total of 200 million authorised shares and 131,210,825 issued shares. As of 19 August 2014, its stated capital was GH¢31,599,000.00. ETI is symbol representing Ecobank Transnational Incorporation on

1672-558: Was GH¢52,541,000 Ordinary Shares and GH¢9,090,000 Preference shares; total is GH¢61,631,000. SCB PREF is symbol representing Standard Chartered Bank Ghana Limited on the Ghana Stock Exchange . It was formally listed on the Stock Exchange on 23 August 1991. Its traded securities are ordinary and preference shares . SCB PREF has a total of 250 million authorised shares ( Ordinary ) and issued shares consist of 115,507,284 million ordinary shares and 17,486,083 million preference shares . As of 12 September 2014, its stated capital

1716-434: Was GH¢52,541,000 Ordinary Shares and GH¢9,090,000 Preference shares; total is GH¢61,631,000. SIC is symbol representing SIC Insurance Company Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 25 January 2008. Its traded securities are ordinary shares of no par value. SIC has a total of 500 million authorised shares and 195,645,000 issued shares. As of 12 September 2014, its stated capital

1760-441: Was GH¢72,000,000. GGBL is symbol representing Guinness Ghana Breweries Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 23 August 1991. Its traded securities are ordinary shares of no par value. EGL has a total of 200 million authorised shares and 211,338,142 issued shares. As of 19 August 2014, its stated capital was GH¢26,252,000. GOIL is symbol representing Ghana Oil Company Limited on

1804-421: Was GH¢95,000,624. MAC is symbol representing Mega African Capital Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 23 April 2014. Its traded securities are ordinary shares . MAC has a total of 8,641,469 issued shares. As of 12 September 2014, its stated capital was GH¢11,820,922. MLC is symbol representing Mechanical Lloyd Company Limited on the Ghana Stock Exchange . It

Ghana Stock Exchange - Misplaced Pages Continue

1848-444: Was US $ 3,364,000,000. ACI is symbol representing African Champion Industries Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 2 May 1992. Its traded securities are ordinary shares of no par value. ACI has a total of 500 million authorised shares and 36.603 million issued shares. As of 19 August 2014, its stated capital was GH¢1,505.455. AGA is symbol representing AngloGold Ashanti Limited on

1892-481: Was listed on the Stock Exchange on 10 May 1994. Its traded securities are ordinary shares of no par value. MLC has a total of 100 million authorised shares and 50,095,925 issued shares. As of 12 September 2014, its stated capital was GH¢2,771,486.00. PKL is symbol representing Pioneer Kitchenware Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 25 August 1995. Its traded securities are ordinary shares of no par value. PKL has

1936-493: Was listed on the Stock Exchange on 17 September 1999. Its traded securities are ordinary shares of no par value. CMLT has a total of twenty million (20,000,000) authorised shares and 6,829,276 issued shares. As of 19 August 2014, its stated capital was GH¢217,467. CPC is symbol representing Cocoa Processing Company on the Ghana Stock Exchange . It was listed on the Stock Exchange on 14 February 2003. Its traded securities are ordinary shares of no par value. CPC has

#284715