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2 clusters · 4 sources · 9 days · First seen · Last updated

Fidelity Bank Ghana GSE listing efforts

Overview

Fidelity Bank Ghana has initiated steps to transition from a privately owned institution to a publicly listed entity. The bank has requested shareholder approval to launch an Initial Public Offering (IPO) and list its ordinary shares on the Main Market of the Ghana Stock Exchange (GSE).

Proposed measures include authorizing the board to manage the listing process, transferring 36 million cedis to share capital, and executing a free issue of up to 732.25 million ordinary shares to existing shareholders on a pro-rata basis. The bank also intends to adopt new statutes to meet public listing requirements. This move follows reported financial growth, with the bank noting a profit before tax of GH¢1.46 billion for 2025.

Entities

Ghana Stock Exchange · The Gambia · Edward Effah · Trust Bank PLC · Social Security and Housing Finance Corporation

Timeline

  1. [BUSINESS] 2 sources
    Fidelity Bank Ghana seeks approval for IPO and GSE listing

    Fidelity Bank Ghana is seeking shareholder approval for an IPO and a listing on the Ghana Stock Exchange, which would allow public investment in the country's largest privately owned bank.

  2. [BUSINESS] 2 sources
    Trust Bank PLC delists from Ghana Stock Exchange

    Trust Bank PLC has delisted from the Ghana Stock Exchange following a tender offer that saw shareholders tender approximately 47.89% of their holdings at GH¢1.20 per share.

Sources

alkambatimes.com · chale.news · horonyafinance.com · thevaultznews.com