EGH - Ecobank Ghana Limited

Nov 30, 2022 at 16:33 Twitter · Facebook

EGH share price on Ghana Stock Exchange

Ecobank Ghana Limited, a member of the pan-African Ecobank chain, is a commercial bank in Ghana engaged in merchant, investment, and retail banking. The bank commenced business on February 19, 1990 and subsequently became the first bank in Ghana to receive a universal banking license from the Bank of Ghana when such scheme was introduced in 2003. With a network of 77 branches and 211 ATM machines across the country, Ecobank Ghana is currently the biggest bank in Ghana.

Ecobank Ghana has made very good returns to its shareholders with Return On Average Equity (ROAE) and Return On Average Assets (ROAA) averaging above 35% and 4% respectively over the past 5 years. At the end of the 2016 financial year, the bank recorded asset size of over GH¢ 8 billion, pre-tax profit of GH¢ 462.6 million, ROAE of 35.4%, and ROAA of 4.4%. Ecobank Ghana, by its steady growth since inception, is the most profitable affiliate in the Ecobank Group.

Ecobank Ghana Limited is listed on the Ghana Stock Exchange (GSE). Ecobank is traded on the GSE under the ticker symbol “EGH”. The International Securities Identification Number (ISIN) of GSE:EGH is GH0000000680. Ecobank Ghana Limited is currently the seventh most valuable stock on the GSE with a market capitalization of GHS 2.14 billion, which makes about 3.3% of the Ghana Stock Exchange equity market.

EGH Stock Market Performance

The current share price of Ecobank Ghana Limited (EGH) is GHS 6.64. EGH closed its last trading day (Tuesday, November 29, 2022) at 6.64 GHS per share on the Ghana Stock Exchange (GSE). Ecobank began the year with a share price of 7.60 GHS but has since lost 12.6% off that price valuation, ranking it 30th on the GSE in terms of year-to-date performance.

Ecobank Ghana is the 18th most traded stock on the Ghana Stock Exchange over the past three months (Sep 2 - Nov 30, 2022). EGH has traded a total volume of 37,047 shares valued at GHS 246,863 over the period, with an average of 588 traded shares per session. A volume high of 14,744 was achieved on September 27th for the same period. The table below details the last 10 trading days of activity of Ecobank Ghana on the Ghana Stock Exchange.

Profile of Ecobank Ghana Limited

Ecobank Ghana Limited operates in the Financials sector, specifically, the Banking industry. Ecobank Ghana contracts an estimated total number of 1,617 employees.

EGH Industrial Market Competitors

Ecobank Ghana Limited, issuers of the EGH 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