Home | Goldstreet Business
Wednesday, January 20, 2021
  • Home
  • General News
    • Extractives
    • Auto
  • Business
    • Banking and Finance
    • AgriBusiness
    • Insurance
    • Mining
    • Oil and Gas
    • Real Estate/Housing
  • News
    • Top Stories
    • Agriculture
    • Maritime/Aviation
    • Energy
    • Education
    • Construction
  • Technology
    • ICT
    • Telecom
  • World
    • Africa
    • International
  • Editorial/Features
  • GSB Data Services
No Result
View All Result
  • Home
  • General News
    • Extractives
    • Auto
  • Business
    • Banking and Finance
    • AgriBusiness
    • Insurance
    • Mining
    • Oil and Gas
    • Real Estate/Housing
  • News
    • Top Stories
    • Agriculture
    • Maritime/Aviation
    • Energy
    • Education
    • Construction
  • Technology
    • ICT
    • Telecom
  • World
    • Africa
    • International
  • Editorial/Features
  • GSB Data Services
No Result
View All Result
Gold Business Logo
No Result
View All Result

Access bank meets new minimum capital ahead of BoG deadline

August 3, 2018
in Uncategorized
0
Share on FacebookShare on Twitter

Access Bank Ghana has met the new minimum capital requirement set by the Bank of Ghana (BOG) ahead of the stipulated deadline in December. This makes Access Bank the first among Banks requiring to raise the new capital of GHS 400million set by the Central Bank.

The announcement comes after the Bank completed its Rights Issue, which ended on July 3, 2018. The Rights Issue was for 75,757,576 new ordinary shares of no par value at GHS 3.96 per share in a ratio of 1 new share for every 1.5588 existing shares held by qualifying shareholders of Access Bank.

RELATED POSTS

Provide more infrastructure to support gas production – Prof Gatsi to Govt

Cedi to hit GH¢6.45 against dollar by end of 2021 – Report

In all, a total of 55,854,462 shares were subscribed for, raising a total of GHS 221,183,669.52 (constituting 73.73% of the Offer Amount). The Offer sought to raise a minimum of GHS 60 million, and up to GHS 300 million, putting the Bank’s stated capital in excess of GHS 400million as the Bank converts part of its surplus income into capital.

Commenting on this feat, the Managing Director of Access Bank Ghana, Mr. Ifeanyi Njoku indicated that the Bank is well positioned to continue pursuing its objectives of supporting key sectors of the Ghanaian economy for growth.

He added, “Our commitment to remain competitive in Ghana is well on course with this boost in our capital and our customers and shareholders can be assured of us building a sustainable business franchise that supports their banking needs”.

In December 2017, shareholders of the Bank at an Extraordinary General Meeting (EGM) approved for the Bank to raise an additional capital to be implemented through the combination of a bond programme and rights issue.

Access Bank became the first Ghanaian bank of Nigerian heritage to be listed on the Ghana Stock Exchange in December 2016. The Bank commenced its operations in 2009 and now with has 52 branch locations across the country. Access Bank is positioned as a catalyst for socio-economic growth and continues to invest heavily in key sectors of the Ghanaian economy including energy, agriculture and oil & gas. This has also strengthened its position as a key player in promoting Public Private Partnerships in the country

60

SHARES
facebook Share on Facebook
Twitter Tweet
Follow Follow us
custom Share
custom Share
custom Share
custom Share
custom Share
ShareTweetShare

Related Posts

Provide more infrastructure to support gas production –	Prof Gatsi to Govt

Provide more infrastructure to support gas production – Prof Gatsi to Govt

January 19, 2021
Cedi to hit GH¢6.45 against dollar by end of 2021 – Report

Cedi to hit GH¢6.45 against dollar by end of 2021 – Report

January 19, 2021
COVIDNOMICS: Ghana’s Ports &the future of African Continental Free Trade

UNIPASS notify exporters, port stakeholders on exporter application for AfCFTA

January 19, 2021
Decision To Reopen Basic Schools Long Overdue – GNAT

Decision To Reopen Basic Schools Long Overdue – GNAT

January 19, 2021
Ghana’s economic rebound – the thorny path that lies ahead

LIVESTREAM: President Akufo-Addo addresses the 72nd Annual New Year School

January 19, 2021
Next Post

Tullow Ghana hosts NSMQ participants– Promoting STEM education

Kaya Tours to delight Asafutufiam patrons

Archives

<
January 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
▼
>
MonTueWedThuFriSatSun
    123
45678910
11121314151617
18192021222324
25262728293031
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       
 123456
78910111213
14151617181920
21222324252627
282930    
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
  12345
6789101112
13141516171819
20212223242526
27282930   
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
     12
3456789
10111213141516
17181920212223
242526272829 
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
     12
3456789
10111213141516
17181920212223
24252627282930
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
    123
45678910
11121314151617
18192021222324
25262728   
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
   1234
567891011
12131415161718
19202122232425
2627282930  
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
     12
3456789
10111213141516
17181920212223
24252627282930
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       

RECOMMENDED

Provide more infrastructure to support gas production –	Prof Gatsi to Govt

Provide more infrastructure to support gas production – Prof Gatsi to Govt

January 19, 2021
Cedi to hit GH¢6.45 against dollar by end of 2021 – Report

Cedi to hit GH¢6.45 against dollar by end of 2021 – Report

January 19, 2021

MOST VIEWED

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Energy
  • Health
  • Auto
  • International
  • Subscription Form
  • Staff Webmail
  • About Us
  • Contact Us
Call us: +233 24 432 0902 | info@goldstreetbusiness.com

© Copyright © 2020 goldstreetbusiness.com. All Rights Reserved.

No Result
View All Result
  • Homepages
    • Homepage Layout 1
    • Homepage Layout 2
  • World
  • Business
  • Technology
  • Health

© Copyright © 2020 goldstreetbusiness.com. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.