Energy Commercial Bank seeks Ghana’s SEC approval

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.

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