Business News Tue, 20 Dec 2016

ADB shares record significant appreciation on Ghana Stock Exchange

Agricultural Development Bank (ADB) has started reaping some of the benefits that come with listing on the Ghana Stock Exchange.

It shares price witnessed some significant gains post listing on the local bourse.

This follows the listing over a little over 122 million ADB shares last Tuesday on the Ghana Stock Exchange.

ADB which actually listed at a price of GH¢2.65, today closed trade at, GH¢3.35.


Speaking at an official media program for its listing on Exchange today, Managing Director, Daniel Asiedu says they are putting place measures to sustain this interest.

“If investors are excited about your shares, then it looks like there is something they are looking out for and we will do everything to ensure that our performance is good to sustain this interest,” he said.

ADB was able to raise some GH¢326 million during its Initial Public offering.

The planning to use part of the funds to support the bank's expansion plans.

Source: Myjoyonline.com