• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Daakye Trust increases assets value GHS 2.7bn; driven by growth in GETFund receivables

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
103
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Daakye Trust increases assets value GHS 2.7bn; driven by growth in GETFund receivables

Daakye Trust Plc, a financial institution operating in Ghana, has released its financial statements for the year ending December 31, 2022, which reveal a mixed performance for the company. According to the financial statement, Daakye Trust Plc saw an increase in its assets value, driven by growth in GETFund receivables, but also an increase in liabilities. Additionally, while the company posted a profit for the year, the figure was lower than the previous year.

In terms of assets, Daakye Trust Plc’s 2022 financial statement showed that the company’s assets value increased from GHS 2.5bn in 2021 to GHS 2.7bn at the end of December 2022. This growth was mainly driven by an increase in GETFund receivables from GHS 921m to GHS 1.2bn. The company’s performance in this area is noteworthy, as it demonstrates that Daakye Trust Plc is successfully growing its assets and expanding its portfolio of receivables.

However, while the growth in assets is positive, it was also accompanied by an increase in liabilities. The financial statement shows that Daakye Trust Plc’s liabilities also increased from GHS 2.5bn in 2021 to GHS 2.7bn at the end of December 2022. This increase in liabilities could indicate that the company has taken on more debt or financial obligations, which could be a cause for concern.

Furthermore, the financial statement also revealed that Daakye Trust Plc’s profit for the year amounted to GHS 12.3m, which is a decline from the GHS 14.2m profit recorded in 2021. This decline in profitability may be a result of various factors, such as increased expenses or lower revenue. The decrease in profit could also be a sign that the company needs to evaluate its strategy and identify areas where it can improve its performance.

It is worth noting that the recorded profit translates into earnings of GHS 12.31 per share for shareholders. While this is a positive outcome for shareholders, it is important to keep in mind that the decline in profit may affect the company’s ability to pay dividends or reduce the amount of dividends paid out.

Daakye Trust Plc’s 2022 financial statement paints a mixed picture of the company’s financial performance. While the growth in assets value is a positive sign of growth, the increase in liabilities could indicate increased debt or financial obligations. The decline in profit may require further investigation into the reasons for the decline and potential strategies to improve profitability in the future. Overall, it will be interesting to see how Daakye Trust Plc addresses these challenges and positions itself for future growth and success.

RelatedPosts

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

MTN Nigeria Now the Most Capitalized Stock in Nigeria

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

Tags: Daakye TrustDaakye Trust increases assets value GHS 2.7bn; driven by growth in GETFund receivablesGETFund receivables
No Result
View All Result

Highlights

OPEC+ Nears Decision Point on Next Oil Output Hike

Europe’s Energy Future Hinges on Global Powers

US Companies Cut Investments in China to Record Lows, Here’s Why

How AI is Rewriting and Enhancing Water Risk Management

SheFarms Broiler Edition Kicks Off in Greater Accra

PharmAccess Ghana, Healthcare Federation of Ghana sign SafeCare License Agreement; to use Newest ISQua-Certified Version 5

Trending

Business

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

August 3, 2025

Multichoice Rebuffs Minister's Claim On DSTV Price Cuts, Cites Market Conditions MultiChoice Ghana has pushed back against...

MTN Nigeria Now the Most Capitalized Stock in Nigeria

August 3, 2025

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

August 3, 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

August 3, 2025

Europe’s Energy Future Hinges on Global Powers

August 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.