GCB - GCB Bank Limited

Apr 23, 2024 at 16:40 Twitter · Facebook

GCB share price on Ghana Stock Exchange

GCB Bank Limited (formerly known as Ghana Commercial Bank) is the largest independent financial institution in Ghana. The company started in 1953 as the Bank of the Gold Coast to provide banking services to the emerging nation for socioeconomic development. The bank had been wholly owned by the Government of Ghana until 1996. Today, the Government's ownership stands at 21.4% while individual and institutional holdings take up the rest. Social Security and National Insurance Trust is currently the largest shareholder in the company with 29.8% holding, followed in third place by the UK investment firm SCBN/Northern Trust Global Service Ltd with a distant 6.6%. With over 150 branches and 11 agencies in all regions of the country, GCB Bank is, in effect, the widest-networked commercial bank in Ghana. In 2013, the bank adopted an internal change program that overhauled its brand, resulting in the new name the following year.

GCB Bank Limited is listed on the Ghana Stock Exchange (GSE). GCB is traded on the GSE under the ticker symbol “GCB”. The International Securities Identification Number (ISIN) of GSE:GCB is GH0000000094. GCB Bank Limited is currently the 11th most valuable stock on the GSE with a market capitalization of GHS 1.11 billion, which makes about 1.42% of the Ghana Stock Exchange equity market.

GCB Stock Market Performance

The current share price of GCB Bank Limited (GCB) is GHS 4.20. GCB closed its last trading day (Tuesday, April 23, 2024) at 4.20 GHS per share on the Ghana Stock Exchange (GSE). GCB began the year with a share price of 3.40 GHS and has since gained 23.5% on that price valuation, ranking it fifth on the GSE in terms of year-to-date performance. Shareholders can be optimistic about GCB knowing the stock has accrued 22% over the past four-week period alone—best on GSE.

GCB Bank is the 18th most traded stock on the Ghana Stock Exchange over the past three months (Jan 22 - Apr 23, 2024). GCB has traded a total volume of 49,802 shares valued at GHS 179,483 over the period, with an average of 791 traded shares per session. A volume high of 21,300 was achieved on April 2nd for the same period. The table below details the last 10 trading days of activity of GCB Bank on the Ghana Stock Exchange.

Profile of GCB Bank Limited

GCB Bank Limited operates in the Financials sector, specifically, the Banking industry. The company is led by Anselm Ransford Sowah as its Managing Director, since 2017. The company's board of directors, chaired by Jude Kofi Arthur, is composed of 12 members whose names are listed below.

1. Arthur, Jude Kofi
   Chairman
2. Sowah, Anselm Ransford
   Managing Director
3. Amankwah, Samuel
   DMD, Operations
4. Affram, Socrates
   DMD, Finance
5. Saraa III, Nana (Queen Mother of Denkyira)
   Non-Executive Director
6. Yakubu, Alhassan (Alhaji)
   Non-Executive Director
7. Arthur-Collins, Francis
   Non-Executive Director
8. Ankrah, Emmanuel Ray
   Non-Executive Director
9. Ayuba, Osmani Aludiba
   Non-Executive Director
10. Amarteifio, Nik
    Non-Executive Director
11. Essah, Lydia (Mrs.)
    Non-Executive Director
12. Younge, Edward Prince Amoatia
    Non-Executive Director

GCB Industrial Market Competitors

GCB Bank Limited, issuers of the GCB stock on the Ghana Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Banking industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange