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50-567: AADs is symbol representing AngloGold Ashanti Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 27 April 2004. Its traded securities are ordinary shares of no par value. AADs has a total of four million (4,000,000) authorised shares and 978,000 issued shares. As of 19 August 2014, its stated capital was US $ 3,364,000,000. ACI is symbol representing African Champion Industries Limited on

100-561: A single investor (i.e. one who is not a Ghanaian and who lives outside the country) is allowed to hold up to 10% of every equity. Secondly, for every equity, foreign investors may hold up to a cumulative total of 74% (in special circumstances, this limit may be waived). The limits also exclude trade in Ashanti Goldfields shares. These restrictions were abolished by the Foreign Exchange Act, 2006 (Act 723). There

150-419: A total of 1 billion authorised shares and 296,080,918 issued shares. As of 12 September 2014, its stated capital was GH¢95,000,624. MAC is symbol representing Mega African Capital Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 23 April 2014. Its traded securities are ordinary shares . MAC has a total of 8,641,469 issued shares. As of 12 September 2014, its stated capital

200-415: A total of 1 billion authorised shares and 80,000,000 issued shares. As of 12 September 2014, its stated capital was GH¢2,150,000. UNIL is symbol representing Unilever Ghana Limited on the Ghana Stock Exchange . It was formally listed on the Stock Exchange on 23 August 1991. UNIL has a total of 100 million authorised shares and 62.5 million issued shares. As of 12 September 2014, its stated capital

250-479: A total of 100 million authorised shares and 21,828,035 issued shares. As of 12 September 2014, its stated capital was GH¢220,990. TBL is symbol representing Trust Bank Limited ( The Gambia ) on the Ghana Stock Exchange . It was listed on the Stock Exchange on 15 November 2002. Its traded securities are ordinary shares of no par value. TBL has a total of 200 million authorised shares and 200,000,000 issued shares. As of 12 September 2014, its stated capital

300-592: A total of 200 million authorised shares and 168,000,000 issued shares. As of 12 September 2014, its stated capital was GH¢2,160,000. SCB is symbol representing Standard Chartered Bank Ghana Limited on the Ghana Stock Exchange . It was formally listed on the Stock Exchange on 23 August 1991. Its traded securities are ordinary and preference shares . SCB has a total of 250 million authorised shares ( Ordinary ) and issued shares consist of 115,507,284 million ordinary shares and 17,486,083 million preference shares . As of 12 September 2014, its stated capital

350-463: A total of 200 million authorised shares and 131,210,825 issued shares. As of 19 August 2014, its stated capital was GH¢31,599,000.00. ETI is symbol representing Ecobank Transnational Incorporation on the Ghana Stock Exchange . It was listed on the Stock Exchange on 11 September 2006. Its traded securities are equities . ETI has a total of 800,000,000 authorised shares and 17,213 Billion issued shares. As of 19 August 2014, its stated capital

400-476: A total of 200 million authorised shares and 211,338,142 issued shares. As of 19 August 2014, its stated capital was GH¢26,252,000. GOIL is symbol representing Ghana Oil Company Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 16 November 2007. Its traded securities are ordinary shares of no par value. GOIL has a total of 1,000,000,000 authorised shares and 252.22 million issued shares. As of 19 August 2014, its stated capital

450-519: A total of one hundred million (100,000,000) authorised shares of no par value and 5,548,500,000 issued shares. As of 19 August 2014, its stated capital was GH¢554,850. CMLT is symbol representing Camelot Ghana Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 17 September 1999. Its traded securities are ordinary shares of no par value. CMLT has a total of twenty million (20,000,000) authorised shares and 6,829,276 issued shares. As of 19 August 2014, its stated capital

500-495: A total of six million (600,000,000) authorised shares and 403,364,237 issued shares. As of 19 August 2014, its stated capital was ZAR 49,342,276,064.06. ALW is symbol representing Aluworks Ltd. on the Ghana Stock Exchange . It was listed on the Stock Exchange on 29 November 2004. Its traded securities are ordinary shares of no par value. ALW has a total of one billion (1,000,000,000) authorised shares and 236,687,001 issued shares. As of 19 August 2014, its stated capital

550-557: Is a signatory participant of the Voluntary Principles on Security and Human Rights . In August 2008 British charity War on Want published a report accusing Anglo American (who at the time owned 17% of AngloGold Ashanti) of profiting from the abuse of people in the developing countries in which the company operates. The company disclosed itself in 2006 or in 2008 for unacceptable safety performance in its platinum mines. Safety measures were taken. Additionally, in 2005

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600-435: Is an 8% withholding tax on dividend income for all investors. Capital gains on securities listed on the exchange will remain exempt from tax until 2015. The exemption of capital gains applies to all investors on the exchange. There are no exchange control regulations on the remittance of original investment capital, capital gains, dividends , interest payments, returns and other related earnings. Potential changes at

650-541: Is an independent and global gold mining company with a diverse portfolio of cooperation, projects, and exploration activities, formed in 2004 by the merger of AngloGold and the Ashanti Goldfields Corporation . As of 2022, it was a global gold producer with 21 operations on four continents, listed on the New York , Johannesburg , Accra , London and Australian stock exchanges, as well as

700-611: Is the principal stock exchange of Ghana . The exchange was incorporated in July 1989 with trading commencing in 1990. It currently lists 42 equities (from 37 companies ) and 2 corporate bonds . All types of securities can be listed. Criteria for listing include capital adequacy, profitability, spread of shares, years of existence and management efficiency. The GSE is located within the Cedi House in Accra . Since its inception,

750-607: The Cauca region. Financial figures for the company: Gold production figures for the company's mines since 2004 in ounces per annum were AngloGold Ashanti reported Total CO2e emissions (Direct + Indirect) for 31 December 2019 at 2,570 Kt (-1/ y-o-y). Fatalities in the South African gold mining industry, especially the underground mines, are common. As of 2009, 100 to 120 were reported every year. This did represent an improvement since 2007: AngloGold Ashanti has reduced

800-491: The Ghana Stock Exchange . It was listed on the Stock Exchange in July 2006. Its traded securities are ordinary shares . EGH has a total of 500 million authorised shares and 293,228,372 issued shares. As of 19 August 2014, its stated capital was GH¢226.64 million. EGL is symbol representing Enterprise Group Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 21 February 1992. Its traded securities are ordinary shares of no par value. EGL has

850-400: The Ghana Stock Exchange . It was listed on the Stock Exchange on 16 April 2004. Its traded securities are ordinary shares of no par value. BOPP has a total of 50,000,000 authorised shares of no par value and 34,800,000 issued shares. As of 19 August 2014, its stated capital was GH¢2,000,000. CAL is symbol representing CAL Bank Limited on the Ghana Stock Exchange . It was listed on

900-506: The Ghana Stock Exchange . It was listed on the Stock Exchange on 17 May 1996. Its traded securities are ordinary shares of no par value. GCB has 1,500,000,000 authorised shares and 265,000,000 issued shares . As of 19 August 2014, its stated capital was GH¢72,000,000. GGBL is symbol representing Guinness Ghana Breweries Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 23 August 1991. Its traded securities are ordinary shares of no par value. EGL has

950-504: The Ghana Stock Exchange . It was listed on the Stock Exchange on 2 May 1992. Its traded securities are ordinary shares of no par value. ACI has a total of 500 million authorised shares and 36.603 million issued shares. As of 19 August 2014, its stated capital was GH¢1,505.455. AGA is symbol representing AngloGold Ashanti Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 27 April 2004. Its traded securities are ordinary shares of no par value. AGA has

1000-511: The Ghana Stock Exchange . It was listed on the Stock Exchange on 25 August 1995. Its traded securities are ordinary shares of no par value. PKL has a total of 100 million authorised shares and 33.34 million issued shares. As of 12 September 2014, its stated capital was GH¢866,201. PZC is symbol representing PZ Cussons Ghana Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 12 November 1990. Its traded securities are ordinary shares of no par value. PZC has

1050-500: The Ghana Stock Exchange . It was listed on the Stock Exchange on 29 August 2005. Its traded securities are ordinary shares of no par value. GWEB has a total of 750,000,000 authorised shares and 29.966,304 issued shares. As of 19 August 2014, its stated capital was GH¢31,809,265.00. HFC is symbol representing HFC Bank Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 17 March 1995. Its traded securities are ordinary shares of no par value. HFC has

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1100-437: The Ghana Stock Exchange . It was listed on the Stock Exchange on 29 December 2004. Its traded securities are ordinary shares of no par value. SPL has a total of 500 million authorised shares and 74,244,825 issued shares. As of 12 September 2014, its stated capital was GH¢1,982,028. SWL is symbol representing Sam Wood Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 24 April 2002. SWL has

1150-646: The High Court of Ghana approved the merger of AngloGold and the Ashanti Goldfields Corporation three days earlier. AngloGold had been a gold mining company based in South Africa, majority-owned by the Anglo American group. This came almost a year after the merger was announced on 16 May 2003. In the transaction, Ashanti shareholders received 0.29 ordinary shares of AngloGold for every Ashanti share. The new company sold its Union Reef Gold Mine in

1200-817: The Northern Territory of Australia in August 2004, followed by the sale of the Freda-Rebecca Gold Mine in Zimbabwe a month later. In late 2007, Mark Cutifani replaced Bobby Godsell as CEO of AngloGold Ashanti, being appointed a director of the company on 17 September 2007 and as CEO on 1 October that year. Alberto Calderon , Chief Executive Officer and Executive Director of AngloGold Ashanti. Appointed on ( September 1, 2021-) In 2008, AngloGold produced 4.98 million ounces of gold from its operations, estimated to be seven percent of

1250-694: The Paris and Brussels bourses, and left the Johannesburg exchange in 2023. As of May 2023, it was the world’s fourth-largest gold miner, with assets in Ghana , Australia, the US , and Argentina . AngloGold Ashanti has a history of gross human rights violations and causing grave environmental problems for which it won one of the Public Eye Awards . AngloGold Ashanti was formed on 26 April 2004, after

1300-472: The Stock Exchange on 5 November 2004. Its traded securities are ordinary shares of no par value. CAL has a total of one billion (1,000,000,000) authorised shares and 548,261,549 issued shares. As of 19 August 2014, its stated capital was GH¢100,000,000. CLYD is symbol representing Clydestone Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 19 May 2004. Its traded securities are ordinary shares of no par value. CYLD has

1350-477: The "most irresponsible company". The nominating organisation, WACAM (Wassa Association of Communities Affected by Mining), said the company had a history of "gross human rights violations and environmental problems." Colombia's Truth Commission found AngloGold Ashanti responsible for financing paramilitary groups that murdered peasants and community leaders. The same company has been accused of destroying water sources and forcibly displacing thousands of people in

1400-729: The GSE has commenced, marking a shift in Ghana's mineral exploitation practices. The Atlantic Lithium, overseeing the Ewoyaa Lithium Project in the Central Region, officially entered the Ghana Stock Exchange on Monday, May 13, 2024, offering shares valued at GHC649,669,053. [1] The exchange has pre-market sessions from 9:30am to 10:00am and a continuous auction session from 10:00am to 3:00pm GMT on all days of

1450-485: The GSE's listings have been included in the main index, the GSE All-Share Index . In 1993, the GSE was the sixth best index performing emerging stock market , with a capital appreciation of 116%. In 1994 it was the best index performing stock market among all emerging markets , gaining 124.3% in its index level. 1995's index growth was 6.3%, partly because of high inflation and interest rates. Growth of

1500-434: The exchange include the introduction of automated trading and the listing of some state banks. The Bank of Ghana plans the development of mutual funds, unit trusts and municipal bonds at a subsequent date. These changes are aimed at making the exchange more relevant, efficient and effective. The exchange was also involved in preparing the draft law on collective investment vehicles. The trading of Atlantic Lithium’s shares on

1550-559: The exchange. A distant third is the banking sector while other listed companies fall into the insurance , mining and petroleum sectors. Most of the listed companies on the GSE are Ghanaian but there are some multinationals. Although non-resident investors can deal in securities listed on the exchange without obtaining prior exchange control permission, there are some restrictions on portfolio investors not resident in Ghana. The current limits on all types of non-resident investor holdings (be they institutional or individual) are as follows:

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1600-551: The global production. In 2009, the company's gold output dropped to 4.6 million ounces. As of early 2008, the company had hedged 11.3 million ounces of gold, under previous CEO Bobby Godsell. In January 2009, AngloGold Ashanti sold its 33% stake in the Boddington Gold Mine in Australia to Newmont Mining for US$ 1.0 billion. In February 2009, the company's Tau Lekoa Gold Mine in South Africa

1650-501: The index for 1997 was 42%, and at the end of 1998 it was 868.35 (see the 1998 Review for more information). As of October 2006 the market capitalization of the Ghana Stock Exchange was about 111,500 billion cedis ($ 11.5 billion). As of December 31, 2007, the GSE's market capitalization was 131,633.22 billion cedis. In 2007, the index appreciated by 31.84% (see the "Publications" section on the GSE's website for more information). The manufacturing and brewing sectors currently dominate

1700-441: The number of fatalities in its operations by 70%. One of the main reasons for this development was a program led by CEO Mark Cutifani aimed at reducing the company's number of fatalities to zero by 2015. Of the 16 fatalities experienced by the company in 2009, 13 were in South Africa (2007: 27 of 34, 2008: 11 of 14). Statistics company fatalities since 2004 founding: Ghana Stock Exchange The Ghana Stock Exchange ( GSE )

1750-544: The resignation of Kelvin Dushnisky . There has been speculation that Dushnisky stepped down after shareholders questioned a bonus payment he received from his prior employer Barrick Gold while also taking a signing bonus from AngloGold Ashanti when he was appointed CEO in 2018. As of May 2023, AngloGold Ashanti was the world’s fourth-largest gold miner with assets in Ghana, Australia, the US, and Argentina. AngloGold Ashanti

1800-874: The staff of the AGA exploration team in Ituri made a US$ 8,000 payment to the FNI, which had been accused of committing various humans rights abuses. In January 2011, AngloGold Ashanti was awarded the Public Eye Global Award at the Public Eye Awards hosted with Greenpeace in Davos, Switzerland by the Erklärung von Bern , known in English as the Berne Convention. The award has been interpreted as being for

1850-428: Was Dalasis 200,000,000. TLW is symbol representing Tullow Oil Plc on the Ghana Stock Exchange . It was listed on the Stock Exchange on 27 July 2011. Its traded securities are ordinary shares of no par value. TLW has a total of 903,846,948 issued shares. As of 12 September 2014, its stated capital was GH¢109,477,926. TOTAL is symbol representing Total Petroleum Ghana Limited on the Ghana Stock Exchange . It

1900-432: Was GH¢1,200,000. UTB is symbol representing UT Bank Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 25 November 2008. Its traded securities are ordinary shares of no par value. UTB has a total of 750 million authorised shares and 456,310,181 issued shares. As of 12 September 2014, its stated capital was GH¢85,275,000. AngloGold Ashanti Limited AngloGold Ashanti Limited

1950-441: Was GH¢11,820,922. MLC is symbol representing Mechanical Lloyd Company Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 10 May 1994. Its traded securities are ordinary shares of no par value. MLC has a total of 100 million authorised shares and 50,095,925 issued shares. As of 12 September 2014, its stated capital was GH¢2,771,486.00. PKL is symbol representing Pioneer Kitchenware Limited on

2000-513: Was GH¢2,500,000. SOGEGH is symbol representing Societe Generale Ghana Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 13 October 1995. Its traded securities are ordinary shares of no par value. SOGEGH has a total of 500 million authorised shares and 333,393,894 issued shares. As of 12 September 2014, its stated capital was GH¢62,393,557.80. SPL is symbol representing Starwin Products Limited on

2050-429: Was GH¢217,467. CPC is symbol representing Cocoa Processing Company on the Ghana Stock Exchange . It was listed on the Stock Exchange on 14 February 2003. Its traded securities are ordinary shares of no par value. CPC has a total of 20,000,000,000 authorised shares and 1,100,826,240 issued shares. As of 19 August 2014, its stated capital was GH¢16,778,315. EGH is symbol representing Ecobank Ghana Limited on

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2100-425: Was GH¢31,650,000. AYRTN is symbol representing Ayrton Drugs Manufacturing Company Ltd. on the Ghana Stock Exchange . It was listed on the Stock Exchange on 27 April 2004. Its traded securities are equity . AYRTN has a total of 500,000,000 authorised shares and 180,000,000 issued shares. As of 19 August 2014, its stated capital was GH¢1500. BOPP is symbol representing Benso Oil Palm Plantation Limited on

2150-442: Was GH¢31,809,265.00. GSR is symbol representing Golden Star Resources Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 15 February 2008. Its traded securities are ordinary shares of no par value. GSR has Unlimited ( Under Canadian Law ) authorised shares and 259,105,970 issued shares. As of 19 August 2014, its stated capital was US $ 520,320,000. GWEB is symbol representing Golden Web Ltd. on

2200-557: Was GH¢52,541,000 Ordinary Shares and GH¢9,090,000 Preference shares; total is GH¢61,631,000. SCB PREF is symbol representing Standard Chartered Bank Ghana Limited on the Ghana Stock Exchange . It was formally listed on the Stock Exchange on 23 August 1991. Its traded securities are ordinary and preference shares . SCB PREF has a total of 250 million authorised shares ( Ordinary ) and issued shares consist of 115,507,284 million ordinary shares and 17,486,083 million preference shares . As of 12 September 2014, its stated capital

2250-433: Was GH¢52,541,000 Ordinary Shares and GH¢9,090,000 Preference shares; total is GH¢61,631,000. SIC is symbol representing SIC Insurance Company Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 25 January 2008. Its traded securities are ordinary shares of no par value. SIC has a total of 500 million authorised shares and 195,645,000 issued shares. As of 12 September 2014, its stated capital

2300-430: Was US$ 867,714,000. FML is symbol representing Fan Milk Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 18 October 1991. Its traded securities are ordinary shares of no par value. FML has a total of 200 million authorised shares and 118,707,288 issued shares. As of 19 August 2014, its stated capital was GH¢10,000,000.00. GCB is symbol representing Ghana Commercial Bank Limited on

2350-463: Was claimed to be the 'most sophisticated and technologically advanced' mining operations with strict adherence to safety regulations. In 2020, it sold its last South African mining assets to Harmony Gold for about R 4.4 billion. It no longer has any operations left in South Africa but remains listed on the JSE. On 1 September 2020, Chief Financial Officer Christine Ramon became interim CEO following

2400-475: Was listed on the Stock Exchange on 19 July 1991. Its traded securities are ordinary shares of no par value. TOTAL has a total of 50 million authorised shares and 13,948,259 issued shares. As of 12 September 2014, its stated capital was GH¢49,722,000. TRANSOL is symbol representing Transol Solutions Ghana Limited on the Ghana Stock Exchange . It was listed on the Stock Exchange on 29 December 2006. Its traded securities are equity shares . TRANSOL has

2450-478: Was paid off with US$ 2.63 billion, or US$ 1,300 USD per ounce of gold. In 2011, AngloGold Ashanti moved into Eritrea to explore the Arabian-Nubian Shield for gold through a 50/50 joint venture set up in 2009 with Thani Dubai Mining. As of the third quarter of 2014, Anglogold was the world's third-largest producer of gold, behind Barrick Gold and Newmont Mining . As of 2019, the company

2500-527: Was sold to Buffelsfontein Gold Mines Limited with ownership being transferred on 1 August 2010. In May 2010, Russell Edey, chairman of AngloGold since 2002 and, after the merger also of AngloGold Ashanti, was replaced by Tito Mboweni . In October 2010, the company announced the elimination of the last of its hedge book. Under its new CEO, it gradually reduced the hedge to 3.22 million ounces of gold. In October 2010, this remaining amount

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