Mumias Sugar company [Photo/Courtesy] The future of troubled Mumias Sugar Company hangs in the balance with numerous legal battles challenging its leasing to a private entity. Amid the protracted dispute over the miller’s take over, money laundering and tax evasion allegations have surfaced, further revealing intrigues behind attempts by various firms to control assets of […]
Summary statements of cashflows Group Bank (All amounts are expressed in thousands of Ghana Cedis) 2021 2020 2021 2020 Cash generated from operations Profit before tax 893,732 782,240 886,318 773,737 Depreciation of Right-of-use assets 16,833 13,509 15,097 11,748 Amortisation of intangible assets 23,061 9,495 22,870 9,310 Depreciation of property and equipment 25,753 27,194 24,819 26,233 […]
Mr Afedzie, Managing Director of GSE The Ghana Stock Exchange Financial Stocks Index ( GSE-FSI ), which measures stocks of publicly-listed financial sector companies, has for the first time in five years outperformed the rest of the market, first-quarter data from the Exchange have shown. Compared to the benchmark market-wide Composite Index (GSE-CI), which lost […]
Hundreds of women-owned small and medium enterprises (SMEs) have registered to participate in the Ellevate by Ecobank maiden Exhibition and Workshop. This is a special free exhibition and networking workshop being organized by Ecobank Nigeria for female entrepreneurs as part of activities to commemorate this year’s International Women’s Day (IWD). The exhibition is scheduled to […]
Lawyers representing the government and Ecobank Liberia limited have wrapped up their question and answer portion of the movant’s request for a separate trial, leaving the Criminal Court ‘C’ to resolve the major issue of whether the bank conspired with other co-defendants, including the Secretary of the Liberian Senate, Nanborlor Singbeh, to dupe two Czech […]
Stanbic Bank led the market share of banks that invested heavily on the Ghana Stock Exchange Fixed Income Market in 2021, controlling 25.21% of the total value of securities traded. It was followed by GCB Bank which dislodged Standard Chartered Bank to the second position. Ghana’s second biggest bank held 12.40% of government securities, largely […]
Leading Pan-African payments company, Cellulant, has set a target to become the leader in the global payment industry through improving its visibility within the country and across the world. According to the Country Manager, Mr Eric Kortey, the Bank of Ghana (BoG) has licensed the company’s payments platform,Tingg and his outfit would rely on it […]
Mr Afedzie, Managing Director of GSE The Ghana Stock Exchange Financial Stocks Index ( GSE-FSI ), which measures stocks of publicly-listed financial sector companies, has for the first time in five years outperformed the rest of the market, first-quarter data from the Exchange have shown. Compared to the benchmark market-wide Composite Index (GSE-CI), which lost […]
(Togo First) – Ecobank, the Lomé-based pan-African banking group, has announced a pre-tax profit of $478 million for 2021, an increase of $304 million, or 174%, compared to 2020. This is according to the financial results released by the group on Tuesday, March 29. "The bank made significant progress in achieving its strategic priorities and […]
Recently, Ecobank Nigeria had a special free exhibition and networking workshop for female entrepreneurs as part of activities to commemorate 2022 International Women’s Day (IWD). The Executive Director, Commercial Banking, Carol Oyedeji, in this interview with Kayode Tokede highlights major challenges facing female entrepreneurs and what initiatives the bank is offering to drive aggressive female’s […]
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