THE COMPANY: Formerly called UT Financial Services, UT Bank (UTB) commenced operations as a finance house in 1997. UTB evolved from a lending institution to a universal bank through the acquisition by its parent of BPI Bank in 2010 and its subsequent merger with the acquired entity. Listed on the Ghana...
The microfinance segment in Ghana looks set to face tougher regulation and higher minimum capital requirements in light of the regulator’s decision to strengthen risk management and capital buffers across the sector. Microfinance institutions, which have exploded in number over the past 12 months since new licensing regulations were laid out, have...
THE COMPANY: Guinness Ghana Breweries (GGBL) was formed through a merger between Guinness Ghana and Ghana Breweries (formerly a subsidiary of Heineken Ghanaian Holdings) in 2004. It is Ghana’s largest brewer, with a market share in excess of 60%. The company is ultimately controlled by Diageo, with a 52%...
THE COMPANY: Ghana Oil Company (GOIL) is a public company, listed on the Ghana Stock Exchange, controlled by the government of Ghana with a 51.1% stake. GOIL is one of the “big three” oil and gas marketing companies in Ghana. The company’s product offering includes the marketing of gasoline, gasoil,...
While a number of Africa’s banking sectors have been buffeted by ills both global and local in nature over the past few years – such as Nigeria’s, where the fallout from the sub-prime slowdown and a domestic margin lending crisis led to the last-minute nationalisation of several banks – Ghana’s banking industry has remained fairly stable and enjoy...
THE COMPANY: Ghana’s second-largest bank by total assets, GCB Bank (GCB), operates the widest branch network in the country, with 150 branches and approximately 2000 employees. GCB is listed on the Ghana Stock Exchange, with the government of Ghana holding a 21.4% stake. GCB has maintained a strong market...
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