Kofi Ahovi

  The board of directors of Guinness Ghana Breweries PLC has announced that Diageo Holdings Netherlands BV has agreed to sell its entire 80.4% shareholding in the Company to Castel group, in return for cash consideration equal to GH₵5.15 per share in the Company. The purchase price in cedis is to be converted into U.S dollars at a rate agreed between Diageo and Castel and will be paid to Diageo in US dollar at completion of the Transaction. In connection with the Transaction, the Company and Castel will enter into new licence and royalty agreements to allow the Company to continue to brew, produce and distribute Guinness and the other Diageo brands which are currently produced by the Company in Ghana", a statement from Guinness Ghana said. Since the 1960s, Castel has been one of the leading beverage companies on the continent and has forged partnerships with several leading consumer multinational companies. Diageo remains deeply committed to Ghana and in partnership with Castel, D...

The Ghana Stock Exchange (GSE) has extended the dates for the filing of unaudited financial statements for two listed companies. They are Guinness Ghana Breweries PLC and Fan Milk PLC. A press release issued in Accra today (January 18, 2023) by the GSE said Guinness Ghana Breweries PLC has February 14, 2023 to file while Fan Milk PLC has up to February 15, to do same. It said the two companies have been granted extension for the submission of their Unaudited Financial Statements for the period ending December 31, 2022.

  Guinness Ghana Breweries Limited continued its sterling performance in recent times as it became the best performing stock on the Ghana Stock Exchange for the second quarter of this year. It gained 43.33%, reaching a one-year high of ¢1.29 per share. Analysts believe GGBL’s stock appreciated as the company reported solid first quarter 2021 results, thanks to the turnaround in its operational performance on an improved economic environment and increased profit margins. MTN Ghana which the led the pack in the first quarter 2021 was second on the gainers’ chart after dividend-induced price fluctuations saw the telco’s stock close the second quarter of 2021 at ¢1.20 per share. It grew by 41.18% quarter-on-quarter in quarter two. Being the third most capitalised and most liquid counter, the gain in the stock was the main driver of the market’s second quarter 2021 solid performance. Financial stocks performed well in quarter 2, 2021 The financial stocks also performed well during the q...