The latest news, company announcements, and market analysis from the Ghana Stock Exchange.
First Atlantic Bank PLC reported a strong Q3 2026 financial performance, with profit before tax rising to GH¢386.4 million and total assets increasing by 39 per cent to GH¢21.8 billion. The growth was driven by higher customer deposits, increased lending activities, and improved operational efficiency, alongside regional expansion into Liberia.
Zhejiang Huayou Cobalt, which is seeking to acquire Atlantic Lithium and take control of Ghana's Ewoyaa lithium mine, is facing regulatory scrutiny in the DRC over delayed compensation for a pollution incident. The situation raises questions for Ghanaian regulators regarding the environmental and community obligations of the prospective investor.
Agricultural Development Bank (ADB) PLC has launched the Green-Grow Vegetable Farmers Lending Scheme to provide structured financing and boost domestic vegetable production in Ghana. The initiative aims to address limited access to affordable credit for smallholder farmers and promote sustainable agricultural development.
Clydestone Ghana reported a pre-tax loss of GH¢258,820 for the first nine months of 2026 as revenue plunged nearly 80% due to delayed major hardware deliveries. However, the company holds a confirmed GH¢9.44 million equipment order backed by an advance payment, boosting its cash reserves and positioning it for a potential fourth-quarter rebound.
Atlantic Lithium shareholders face a decisive vote on a US$210 million cash takeover by Zhejiang Huayou Cobalt, which would result in the company delisting from the Ghana Stock Exchange and other platforms. The board and independent experts recommend the deal, citing an attractive premium over market value and the backing of major shareholders. However, the transaction presents Ghanaian investors with currency conversion considerations, potential administrative payment delays, and the loss of long-term exposure to the Ewoyaa Lithium Project.
Kasapreko PLC dominated trading volume on the Ghana Stock Exchange, accounting for 82 percent of shares traded and 68 percent of total market value. Despite the high activity, its share price fell by 2.73 percent amidst a mixed trading session overall.
Former MTN CEO and JSE Chairman Phuthuma Nhleko is scheduled to deliver a Special Address at the upcoming Boardroom Governance Summit in Accra. The event focuses on boardroom governance and highlights leadership figures associated with the MTN group.
AngloGold Ashanti has announced plans for a US$900 million mine expansion following a 12% increase in third-quarter earnings. The mining giant aims to boost production by targeting at least 400,000 extra ounces annually by 2030.
AngloGold Ashanti reported a 13.74% rise in Q3 profit to US$927 million, driven by higher gold prices despite lower production and rising costs. The company also declared a significant interim dividend of US$361 million and strengthened its balance sheet with net cash of US$1.26 billion.
Trading value on the Ghana Stock Exchange fell by nearly 37% as overall market activity softened and six equities declined. Ecobank Ghana and TotalEnergies recorded the steepest price drops, while Cocoa Processing Company led the session's gainers.
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