Trading in ADB shares to commence today

Trading in Agricultural Development Bank (ADB) shares on the Ghana Stock Exchange is expected to commence today Monday 12 December, making it the second bank to list on the bourse after Access Bank Ghana.

It follows a successful completion of its Initial Public Offer (IPO).

ADB raised a total of GHS325 million relative to the expected proceeds of GHS383 million, representing about 85 per cent subscription level.

In a statement, the bank announced that a total of 405 applications were made for shares in the IPO with majority of the applications being made by Ghanaian retail investors.