Energy Commercial Bank seeks Ghana’s SEC approval

Ghana

ACCRA, July 23, 2018 – Energy Commercial Bank is on course to receive the final approval from Ghana’s Securities and Exchange Commission (SEC) for its float next month, local media reported over the weekend.

The Nigerian-owned lender is expected to list on the Ghana Stock Exchange immediately after the initial public offer, My Joy Online reported.

The Bank of Ghana and Ghana Stock Exchange have already given approval for the bank’s listing. The lender began the IPO process, which is expected to raise USD 75 million, in March 2018.

Read our latest insights on:

• Ghana

Previous

SABIC deal likely to result in Aramco IPO delay: reports

Next

SDX scores in a new Egypt well