The decline in SG-SSB profits for the first quarter of this year and a dip in the bank’s fortunes on the stock market are set to dominate Thursday’s facts behind the figures session at the Stock Exchange.
The bank’s stock has been one of the blue chips on the Accra bourse.
It has however seen a slump in recent times, dropping to 66 Ghana pesewas from an all time of high of 3 Ghana cedis 17 pesewas.
Though the bank saw a 24 percent increase in profits last year, its first quarter profits declined due to an increase in its operating expenses.
The bank would therefore use today’s meeting with institutional investors and brokers to explain how it intends to turn around the fortunes of the bank this year.
Source: Joy Business/Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Cedi starts April 2025 on stable note; one dollar going for GH¢15.95
3 minutes -
Today’s Front pages : Thursday, April 3, 2025
11 minutes -
Soldier to ride from Accra to Kumasi to promote cyclists safety
16 minutes -
Jerry Yao Ameko secures 100% endorsement as Adaklu DCE
17 minutes -
Ghana remains “mostly unfree” in economic freedom: ACEYE’s IGIPTEP report offers solutions
17 minutes -
‘No suspended projects in Ghana’ – World Bank clarifies
17 minutes -
BoG policy rate hike of 28%, here is MPC Decision Statements
24 minutes -
Trump’s tariffs are a longtime goal fulfilled – and his biggest gamble yet
54 minutes -
Trump announces new tarrifs, Ghana hit by 10% import tax
58 minutes -
Latif Iddrisu vrs IGP trial : Trial to continue today 8 years after life-threatening assault on the journalist
1 hour -
More money, less taxes, and smarter spending: Finance Minister breaks down new economic reforms
2 hours -
Black Sherif unleashes highly anticipated sophomore album ‘Iron Boy’
2 hours -
Kwame Agbodza criticises late award of 80km Sampa-Jinijini road contract
2 hours -
Asiedu Nketiah struggles to gain ground in NDC’s 2028 presidential race – Global InfoAnalytics
2 hours -
I am excited about Pencils of Promise’s intervention projects – Ja Rule
2 hours