Access Bank Is 11th Bank on the Ghana Stock Exchange

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Access Bank Ghana has officially been listed as the 11th Bank on the Ghana Stock Exchange (GSE).
More so , the bank becomes the first Nigerian bank and the eleventh bank in Ghana, to list on the local bourse.

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Speaking at the official ceremony to list the company on the stock market, the Managing Director of Access Bank, Dolapo Ogundimu said, the bank has been scheming to become the World’s Most Respected African Bank.

Adding that, their interest in the development of the capital market dates as far back as 2012 when the Bank hosted the first ever Thought Leadership Seminar on the Secondary Bond Market in Ghana.

According to him, they have engaged in several activities that strongly advocated for participation to ultimately enhance the prospects of Ghana’s socio -economic development.

Access Bank Group, our experience on the capital market dates as far back as 1998 , when our parent company – Access Bank Plc , listed on Nigerian Stock Exchange.

” Recently, our parent company raised €300 million through the Eurobond on the international market despite Nigeria’s macro -economic headwinds .

The successful outcome of that bond further demonstrated the strength, resilience and international endorsement of the Access Bank franchise”, he stated.

Meanwhile the bank has received firm commitments from other investors to cover shares that were not issued under the terms of offer.

Access bank completed its Initial Public Offer (IPO) raising 29.62 million cedis,just above the 21 million cedis regulatory requirement to list on the stock market.

 

Naija247news
Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

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