Ghana is an economic hub, and for this reason, there are several companies, some large and some small and others that are medium sized, that are based in the country. Some of these companies give the normal citizen a chance to invest in them by offering their shares up for sale in the Ghana Stock Exchange. We are going to share with you the companies listed on the Ghana stock exchange. The stock exchange in Ghana plays hosts to a blend of different types of corporations including banks, educational institutions, multinational companies among others.
Companies selling shares in Ghana and their share prices (2018)
If you have ever asked the question, how many companies are listed on the Ghana stock exchange? Well here is a list of all the listed companies on the Ghana stock exchange and their share prices.
- Access Bank Ghana – 4.00
- African Champion Industries – 0.01
- Agricultural Development Bank – 5.95
- Aluworks ALW – 0.08
- AngloGold Ashanti – 37.00
- AngloGold Ashanti – 0.48
- Ayrton Drugs Manufacturing – 0.10
- Benso Oil Palm Plantation – 7.18
- CAL Bank – 1.85
- Camelot Ghana – 0.16
- Clydestone (Ghana) – 0.03
- Cocoa Processing Company – 0.02
- Digicut Production and Advertising – 0.09
- Ecobank Ghana – 11.31
- Ecobank – 0.20
- Enterprise Group – 4.57
- Fan Milk – 17.60
- Ghana Commercial Bank – 6.29
- Ghana Oil Company – 5.00
- Golden Star Resources – 1.90
- Guinness Ghana Breweries – 2.55
- HFC Bank – 1028
- Hords – 0.10
- Intravenous Infusions – 0.09
- Mechanical Lloyd Company – 0.12
- Mega African Capital – 5.98
- Meridian-Marshalls Holdings – 0.11
- Pioneer Kitchenware – 0.05
- Produce Buying Company – 0.04
- PZ Cussons Ghana – 0.42
- Sam Woode – 0.05
- Samba Foods – 0.65
- SIC Insurance Company – 0.39
- Societe Generale Ghana – 2.40
- Standard Chartered Bank Ghana – 35.12
- Starwin Products – 0.02
- Total Petroleum Ghana – 0.02
- Trust Bank (The Gambia) – 0.30
- Tullow Oil – 17.14
- Unilever Ghana – 16.90
As seen above, Ghana stock exchange share prices differ from organization to organization. Let us look at the list of registered companies in Ghana mentioned above in depth. We will also include information from financial statements of companies listed on the Ghana stock exchange looking at their stated capital, issued shares and authorized shares.
AngloGold Ashanti Limited (AGA)
As the name suggests, AngoGold Ashanti limited is one of the companies in Ghana that deals in gold mining. As an enterprise, it gained the reputation as the words third-largest gold mining company in the entire world. It was established in the year 2004 as the South African company, AngloGold and the Ghanaian company Ashanti Gold-fields corporation agreed on a merger forming one large company AngloGold Ashanti Limited. The ranking that made saw it being named the 3rd largest gold company in the world was made by measuring the total production of gold by the different gold mining companies, meaning, it is a highly valued enterprise all over the world. This might be from the fact that the company has interest in gold in 9 countries and it owns a total of over 17 gold mines in the gold-producing countries of the world.
In the year 2015, the company generated an annual revenue of more than $4 billion having used $857 million as the capital expenditure that year producing 3.95 million ounces 2017 the company produced a total of 3.76 million ounces of gold.
The company has a stated capital of 49,721,223,077.55 South African Rand with 406 .69 issued shares and a total of 600 million authorized shares. This information regarding the issued and authorized shares can be derived from annual reports of companies listed on Ghana stock exchange.
Access Bank Ghana (ACCESS)
Access Bank Ghana is renowned in Ghana as one of the most successful banks in the country. It is one of the listed companies in Ghana stock exchange that is fairly new. it was introduced in the country in the year 2009. before its inception in Ghana, it was renowned across Africa an the rest of the world for its excellent services and continuous innovations.
The bank is popular among Ghanaians and this is due to the fact that it has several branches across the country and is thus viewed by the Ghanaian people as one of the organizations that help in the economic growth and development in Ghana.
It has a stated capital of GH¢ 118.28million and has issued shares totalling more than 118 million.
African Champion Industries Ltd (ACL)
The African Champion Industries Limited is a Ghanaian manufacturing company that produces toilet papers. It was established in the year 1967 on May 23rd as Super Paper Products Co. Ltd and later rendered to its current name. It was one of the early listings in the Ghana stock exchange as it was listed on 12th may 1992.
The company has issued shares totalling 36.5 and the authorized shares total to 500 million and more.
Agricultural Development Bank Ltd (ADB)
The Agricultural Development Bank is one of the government institutions that is listed in the Ghana stock exchange. It is a development and commercial baking institution that has its roots in Ghana as it was established in the year 1965 by an act of parliament. It started as a support institution for it was mainly made to help the Ghanaian s in the agricultural sector. It is one of the companies that is divided by shares in Ghana with the government having majority shares. the government has the largest share capital standing at 32.30%. the other co-owners are Belstar Capital Limited(24%), Starmount Development Company Limited(11%), Bank of Ghana(9.50%), SIC Financial Service(10%), Retail investors and ADB staff(7.20%) and EDC Investment Limited(6%)
It is one of the recent banks to be listed in the Ghana Stock Exchange. It was listed in the year 2016.
Aluworks Limited (ALW)
Aluworks limited is a company based in Tema. It is a company that concentrates on Aluminum casting and it is also involved in cold rolling. It was incorporated in the year 1978 but it started it’s operations n the year 1978.
the company has over the years seen some improvements from a capacity of 10,000 metric tones of aluminium products to now 20,000 metric tones as of the year 2002. it has a current workforce of about 265 workers.
The company was listed on the Ghana Stock Exchange in the year 1996. it has issued shares of more than 236 million ordinary shares and an authorized share of more than 1 billion ordinary shares.
Ayton Drugs Manufacturing Company Ltd (AYRTN)
Ayton Drugs Manufacturing Company Limited is one of the companies listed on the stock exchange in Ghana that originated in Ghana. It was started in the year 1965 on the 24th of September. It was initiated by the first ever Chief pharmacist at the Ministry of Health in Ghana and it initially started with a total of 10 members of staff.
It has continued to grow over the years and has opened a total of about 30 production lines. It was acquired in the year 2010 by a South African pharmaceutical giant, Adcock Ingram, who purchased a total of 65.59% of the total share making them the majority shareholder. The share has since risen to 78 %.
The company was listed in the Ghana Stock Exchange in the year 2006 and as a total of 215 issued shares and 500 million authorized shares.
Benso Oil Palm Plantation Ltd (BOPP)
This is a Ghanaian palm oil company. It has palm oil plantations and as incorporated as a company in the year 2004. it is based at Takoradi in the Adum Banso Estate. They are both a production and processing company.
It was listed in the GSE in the year 2004. t has 34.80 issued shares and a total of 50 million authorized shares.
CAL Bank Limited (CAL)
CAL bank started its operations in the year 1990. Ever since its inception, it has purposed to provide exceptional banking services in Ghana and in 2004 their efforts were rewarded as they received their Universal Banking License. Some of the customers the bank offers its services to include SMEs, public sector institutions and several notable large corporations. It has 26 branches and over 100 ATM service branches across the country.
It was listed in the GSE in the year 2004. It has 548.26 issued shares and over 1 billion authorized shares.
Camelot Ghana Ltd (CMLT)
Camelot Ghana ltd is a multinational company that serves Ghana and the rest of the West African Market. It is a printing company that deals with printing stationaries including computer stationaries, security stationaries and business printing services where they print cheques, payment vouchers invoices etc.
The company was listed in the Ghana Stock Exchange in 1999 and has issued shares standing at 6.83 and authorized shares standing at over 20 million.
Clydestone Ghana Limited (CLYD)
Clydestone Ghana Limited was the first Information Technology in Ghana that was formed n Ghana. It is the parent company of the Gladstone Group of Companies.
It was listed in the GSE in the year 2004. and has issued shares standing at 34.0and over 100 million authorized shares.
Cocoa Processing Company Limited (CPC)
Ghana is popular for the cocoa it produces. The Cocoa Processing Company Limited is a combination of three factories including two cocoa factories and one factory that deals with the production of candy and other sweets.
The company is a limited liability company that can trace its roots way back in 1981. the corporation makes sure none of its products go to waste as they use their semi-finished products in the Cocoa processing companies in their confectionery company to help them make chocolate and some food products that are cocoa-based.
The company has 2,038.07 issued shares with more than 20 billion authorized shares.
Ecobank Ghana Ltd (EBG)
Ecobank Ghana Limited is a subsidiary of the greater Pan-African bank chains. The bank is a major player in the Ghanaian market with it being known as having branches in almost all the Ghanaian regions.
The bank can trace its roots in Ghana in the year 1990. over the years it has been operational in Ghana, the bank has looked to cement its place in the commercial banking industry. One notable step was the acquisition of The Trust Bank(TTB) in the year 2011. it acquired 100% share of the bank.
The bank was listed in the Ghana Stock Exchange in the year 2006 and has a total of2038.07 issued shares and over 500 million authorized shares. Its capital was estimated at GH¢226.64 Million.
READ ALSO: How to make money in Ghana in 2018
Ecobank Transnational Incorporation (ETI)
Ecobank Transnational Incorporation was established in 1985 through the combined efforts of the Economic Community of West African States (ECOWAS), whose main role was to act as a supporting organization and the Federation of West African Chambers of Commerce and Industry.
The company had an authorized capital of $100 million and an initial capital of $322 million. The $32 million was raised by the organization by way of a funds drive that saw several individuals as well as other organizations and institutions in Ghana.
The company was listed in the Ghana stock exchange in the year 2006. it has a stated capital of $867,714,000 and 24067.75 issued shares with over 800 million authorized shares.
Enterprise Group Limited (EGL)
Enterprise Group Limited is a holding company of the Enterprise insurance industry. It is one of the insurance companies listed on the Ghana stock exchange. It was incorporated in the year 2008 but the parent company can trace its roots back to 1924.
It was listed in the Ghana Stock Exchange in the year 1992, and it was the first insurance company to be listed in the GES. It is seen as highly successful with an annual income of more than GH¢130 million.
It has a stated capital of GH¢31,599,000 and issued shares amounting to 133.10 with its authorized shares standing at over 200 million.
Fan Milk Limited (FML)
Fan Milk Limited is a dairy products company that is listed on the Ghana stock exchange. It is based in Accra and t has recently expanded to other West African countries. It was started in the year 1960 as the Ghanaian Milk Company but has since rebranded to Fan Milk Limited.
It rebranded and it then expanded the scope of its activities by now going further into making ice creams, ice lollies and yoghurt.
It was listed in GES in the year 1991. it has a total of more than 116.21 issued shares and more than 200 million authorized shares.
GCB Bank Ltd (GCB)
GCB Bank is the second largest bank in Ghana by net profits and the total assets the bank owns. It is, however, the largest of the banks that were originally started in Ghana. It has a total of 157 branches spread all across the country.
The bank was listed on the Ghana Stock Exchange in the year 1996. it has a stated capital of GH¢ 72 million and has 265.00 issued shares and more that one billion authorized shares.
Ghana Oil Company Limited (GOIL)
Ghana Oil Company is a private limited liability company. It was incorporated in the year 1960 as AGIP Ghana Company Limited and it later re-branded to its new identity. It deals with marketing of the petroleum products and products related to petrol including fuels, LPG(liquefied petroleum gas), bitumen, lubricants and specialty products in Ghana. The company is fairly big with several branches all across Ghana and it has a very wide clientèle including schools, parastatals, banks, factories and banks.
I was listed in the GSE in the year 2007.it has 391.86 issued shares and more than one billion authorized shares.
Golden Star Resources Ltd (GSR)
This is one of the foreign companies in Ghana. It is a Canadian company that deals with mining and in particular gold mining. It operates two mines in Ghana with a total production of 4 million ounces of gold produced throughout its history. It started its operations in the country in the year 1999. In 2017 the firm embarked on development programs that were aimed at increasing the production while reducing operational costs.
The firm was listed in the Ghana Stock Exchange in the year 2008. it has 259.70 issued shares and unlimited authorized shares.
Golden Web Limited (GWEB)
Golden Web Limited is a Ghanaian company that deals mainly with agro-processing. The company produces vegetable oils, crude oil as well as the refined oils, groundnuts and also soya beans. The vegetable oils from the company are well accepted in Ghana and amount to 5% of the total vegetable oils sold in the country.
The company was listed on the Ghana Stock Exchange in the year 2005. it has 35.00 issued shares and more than 750 million authorized shares.
Guinness Ghana Breweries Ltd (GGBL)
This is the leading beverage company in Ghana with an assortment of beverages under its belt including both alcoholic and non-alcoholic beverages. The company supplies Ghanaians with some of the luxurious and highly regarded world brands including Johnnie Walker, Baileys and Smirnoff
It was listed in the year 1991 and has issued shares totalling to more than 307.59 with over 200 million authorized shares.
HFC Bank Limited (HFC)
HFC bank is regarded as one of the leading organizations that offer financial services. It offers its services to a diverse clientèle including corporates and individuals. It offers investment banking services and also commercial and retail banking services.
It was listed in the GSE in the year 1995. as of 2015, the issued amount of shares were 297.42 with over 1 billion authorized shares.
Hords Ltd (HORDS)
Hords limited is a value addition corporation that deals mainly n adding value to agricultural products including cocoa, soya among other food and non-food products.
The company has 11.95 issued shares.
Mechanical Lloyd Company Ltd (MLC)
Mechanical Lloyd Company Limited is a Ghanaian owned automobile company. The company was established back in the year 1970 and it holds franchises for luxury vehicles including the likes of Ford and BMW. It has held on to the two franchises for a period of more than 10 years.
The company has issued shares totalling to 50.10 and more than 100 million authorized shares.
Mega African Capital Limited(MAC)
Mega African Capital Limited is a company that mainly deals with investments. It targets investors who wish to invest in Africa and it provides long-term capital growth through investments in African securities.
The company was listed in GES in 2014 and has a total of 9.95 issued shares.
The Meridian-Marshals Holdings is a company that deals in education with three institutions namely Meridian per-university, Marshals and High Point Academy. It is the first company which deals solely with education to be listed in the GES.
New Gold Issuer Limited (GLD)
New Gold Issuer Limited is a company registered in South Africa whose main purpose is to give Gold Bullion securities. These types of securities assist investors when they wish to buy gold on the spot at a cheap price.
Pioneer Kitchenware Ltd (PKL)
Initially known as Pioneer Aluminum Factory, Pioneer Kitchenware Ltd is a company that deals solely with manufacturing Aluminum hallow ware products. The company was listed on the Ghana Stock Exchange in 1995.
PZ Cussons Ghana Ltd(PZC)
PZ Cussons Ghana Ltd is a multinational company with a branch n Ghana. It started its operations in Ghana in the year 1930 and has since then dominated the market with its products. It deals with household products including soaps from imperial leather, Cussons baby and also morning fresh.
Sam Wood Ltd(SWL)
Sam Woods Ltd is a company that deals with the business of publishing and printing of all kinds. It was listed in the Ghana stock exchange n the year 2002.
Samba Foods Limited (SAMBA)
Samba Foods Limited is a company that is typically involved in the food business. It deals with preservation and processing.
SIC Insurance Limited (SIC)
SIC Insurance Limited is a non-life insurance firm in Ghana that was formed in 1955. Itwas listed in the Ghana Stock Exchange in the year 2008 and has issued capital of 195.65 and more than 500 million authorized shares.
Societe Generale Ghana Limited(SOGEGH)
Societe Generale Ghana Limited is a bank based in Ghana that was formed in the year 1975. it was listed in the Ghana Stock Exchange in the year 1995. Its stated capital is GH¢ 62,393,557.80 and has 429.06 issued shares with over 500 million authorized shares.
READ ALSO: Money, beer did the magic for Nyantakyi’s long stay in office – George Afriyie
Standard Chartered Bank(SCB)
Standard Chartered bank is one of the banks that have operated in Ghana for the longest time. It has operated for more than 100 years and has one of the highest stock prices of the companies listed.
Starwin Products Limited(SPL)
Starwin Products Limited is a manufacturing and distributor of pharmaceutical products in Ghana. It also engages in the import and export of the pharmaceutical products. It was listed in the Ghana stock exchange in the year 2004.
Total Petroleum Ghana Ltd(TOTAL)
This is the Ghanaian branch of the global total group. It has operated in Ghana for more than 5 decades and was listed in the stock exchange in 1991
Transol Solution Ghana Ltd (TRANSOL)
Transol Solutions Ghana Ltd is the leader in Ghana when it comes to offering infrastructure for electronic funds transfer. It was incorporated in Ghana in 2006 and was listed in the Ghana stock exchange that same year.
Other companies listed in the Ghana stock exchange include;
- Trust Bank Limited
- Tullow Oil Plc
- Unilever Ghana Limited
- UT Bank Limited
Ghana stock exchange listing requirements
Below are the requirements needed from a company before it is listed in the Ghana Stock Exchange.
- First shareholders have to meet and agree (move a resolution) to change from a private corporation to a public one restricted by shares.
- The corporation with the help of outside solicitors or in-house attorneys prepares fresh company guidelines which conform to that of the company at that particular moment and likewise meet the necessities that are required for listing in the Ghana Stock Exchange.
- The new rules are mentioned with the GSE and if they meet the necessary requirements, they are Registrar of companies.
- The company’s board will also need to appoint a group of advisors to guide the organization in its bid to come up with an offer document. The team will comprise brokers, lawyers, reporting accountants, fiscal valuation advisors, and so forth.
- The reports presented by the advisors are supposed to be discussed. Key decisions such as the price each share is to go for, the number of shares of the organization that are to be sold, and so forth. Will have to be taken by the shareholders.
- An application to list on the Ghana Stock Exchange shall thereafter be submitted together with the draft public offer prospectus to the Securities & Exchange Commission (SEC) for approval.
- Once the regulatory approvals in (6) are obtained, a date is about for the launch of the public offer.
- At the end of a successful offer, the allotment is completed and applicants are advised.
- The corporation then concurs on a date for the commencements of trading its shares on the GSE.
READ ALSO: How to make quick money in Ghana