Ghana Equity

Ghana Cocoa Board Ex-CEO Charged for Causing Losses to State

Posted on by The Editorial Team
Ghana Cocoa Board Ex-CEO Charged for Causing Losses to State

ACCRA (Capital Markets in Africa) – The former chief executive officer of Ghana Cocoa Board, Stephen Opuni, has been charged for causing financial losses to the state during his tenure as head of the regulator, according to a justice ministry official. The charges against Opuni, who was fired by President Nana Akufo-Addo in January 2017, were filed Wednesday at the High Court in Accra, the capital, Joseph Addo, a spokesman for the office of the…

Read More

Ghana’s Biggest IPO Takes Fresh Twist as Sale Set to Reopen

Posted on by The Editorial Team
Ghana’s Biggest IPO Takes Fresh Twist as Sale Set to Reopen

ACCRA, Ghana, Capital Markets in Africa: The controversy surrounding Ghana’s log-jammed initial share sale in its biggest agricultural lender has taken a fresh twist. The Agricultural Development Bank Ltd. said it will ask the West African nation’s securities regulator for permission to reopen the sale to give two state-owned entities — which didn’t participate in the initial public offering — an opportunity to buy shares. That may mean a delay of as much as two months before…

Read More