Kofi Ahovi

 Enterprise Group PLC has been granted additional time by the Securities and Exchange Commission (SEC) to publish its 2024 unaudited fourth-quarter financial statements. The report is now expected by February 15, 2025. In a notice to the Ghana Stock Exchange (GSE) dated January 30, 2025, the company did not disclose specific reasons for the delay. Financial reporting extensions often stem from regulatory reviews, audit complexities or internal accounting challenges. Investors and market analysts will be watching closely, as prolonged delays in financial disclosures can raise concerns about corporate governance, financial health and overall market confidence in the company.

  The Marketing Manager of Enterprise Insurance, Mark Addison, has expressed the resolve of Enterprise Group to support the growth of local businesses through the provision of solutions to aid in their risk-mitigation. As a result, he said the insurance firm seeks to partner other private sector players to accelerate to build and enhance their competences in order to unlock their potential to become global giants. At an exhibition dubbed “This is Ghana Exhibition” in Accra, Addison stated that the Enterprise Group will continue to offer unique and tailor-made solutions for all businesses in the country. Exhibition The Enterprise Group sponsored ‘This is Ghana Exhibition’ organised to showcase local business innovation and encourage Ghanaians to consume locally made products. The exhibition, which took place over a two-day period, brought together over 200 local businesses including local SMEs, start-ups, home grown businesses, and indigenous corporate bodies. The exhibitors special...

  The group’s profit fell from GH¢146.7 million in 2020 to GH₵122.9 million in the year under review. The decline in profits was attributed to a 72 per cent increase in benefits and claims payments which was occasioned largely by high surrenders and early encashment from the group’s life operations. In spite of that, the group declared a dividend of GH¢0.07 per share for 2021. This represents an increase of 20 per cent over the 2020 dividend of GH¢0.06 per share. The Board Chairman of the Group, Trevor Trefgarne, announced this last Tuesday at the group’s annual general meeting (AGM) in Accra. Investment returns He said the rebound of the Stock Exchange reflected in the improved overall market capitalisation of the group which added GH¢10 billion to end the year at GH₵64 billion. He said the group’s shares contributed to the growth recorded on the market with the 99 per cent growth from the GH¢1.4 per share end of 2020 to GH¢2.79 per share at the end of 2021. “The increase of 99 pe...