• 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 highlights

Reasons why these 7 companies delisted from the GSE

4 years ago
in highlights, Home, home-news, latest News, Markets
2 min read
0 0
0
97
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

The Ghana Stock Exchange ended the first quarter of this year as the best performing stock market in Africa with an annual return of 14.62% in dollar term for investors.

The impressive performance of the market translated into an improved market capitalization of GH¢57.16 billion at the end of March this year.

The GSE has two categories of listing, namely, the mainboard and the Ghana Alternative Market (GAX).

The GAX, operated as a parallel market since 2015, is aimed at small and medium-sized enterprises with strong growth potential.

Currently, the types of stocks listed on the GSE are common stocks (ordinary shares), preferred stocks (preference shares), and exchange traded funds.

With such an impressive feat, some listed companies have lost interest in GSE as others have also been kicked off the stock market.

From 2017 to 2021, these seven companies have no longer been trading on the GSE.

RelatedPosts

MTN Nigeria Now the Most Capitalized Stock in Nigeria

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

OPEC+ Nears Decision Point on Next Oil Output Hike

Mechanical Llyod Plc

Mechanical Lloyd Plc has announced the company’s delisting from the Ghana Stock Exchange.

The offer results and delisting was approved by the Ghana Stock Exchange and took effect last Friday, 16 April 2021.

The shares of Mechanical Lloyd Plc will no longer be traded on the stock exchange after successfully delisting.

The company delisted to re-strategize and become more profitable.

PZ Cussons

PZ Cussons Ghana Limited (PZC) delisted from the Ghana Stock Exchange (GSE) effective October 19, 2020. The offer results and de-listing have been approved by the GSE.

According to PZ Cussons Ghana, the decision to delist was in line with the company’s plans to achieve operational efficiency by giving its management more time and resources to focus on running and expanding the business, its distribution network and its reach, thereby ensuring consumer satisfaction

Pioneer Kitchenware

The Ghana Stock Exchange (GSE) delisted Pioneer Kitchenware Ltd (PKL) from the main equity market of the Exchange effective January 14, 2019.

According to a statement from the GSE, the decision to delist Pioneer Kitchenware Ltd is based on Rule 13 of the GSE Listing Rules.

Under Rule 13(1) of the GSE’s Listing Rules, “the Council may at any time and in circumstances as it thinks fit, suspend or cancel a listing and shall do so to protect investors and to ensure an orderly market”.

GSE compulsorily delisted PKL to safeguard investor interest.

African Champion Industries

Ghana Stock Exchange (GSE) compulsorily de-listed African Champion Industries Limited (ACI) from the Main Market of the Exchange at the end of September 2018.

The GSE deemed the financial situation of ACI to be significantly threatening. It de-listed ACI under Rule 13(1) of the GSE’s Listing Rules.

The rule states that, “the Council may at any time and in circumstances as it thinks fit, suspend or cancel a listing and shall do so to protect investors and to ensure an orderly market”.

Golden Web

The Ghana Stock Exchange (GSE) compulsorily delisted Golden Web (GW) from the main market of the Exchange at the end of September this year.

The decision, according to management of the GSE, was based on Rule 13 of the GSE Listing Rules.

“Under Rule 13(1) of GSE’s Listing Rules, the Council may at any time and in circumstances as it deems fit, suspend or cancel a listing and shall do so to protect investors and to ensure an orderly market.”

Transaction Solutions Ghana

The Ghana Stock Exchange (GSE) delisted Transaction Solutions Ghana from the bourse for breaching aspects of the regulations governing the operations of listed companies. Transaction Solutions Ghana Limited took effect from April 3, 2018

UT Bank

The Ghana Stock Exchange (GSE) suspended the listing status of UT Bank (GSE: UTB) following its licence being revoked and subsequent takeover by GCB. The GSE indicated that UT Bank had failed to publish its financial results since the end of its financial year December 31, 2015.

Tags: 7 companies delisted from the GSEGhana Alternative Market (GAX)Ghana Stock ExchangeMechanical Llyod PlcPZ Cussons
No Result
View All Result

Highlights

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

Tanzania Sink Burkina Faso to Delight Home Crowd In TotalEnergies CHAN 2024 Opener

Trending

Features

MTN Nigeria Now the Most Capitalized Stock in Nigeria

August 3, 2025

MTN Nigeria Now the Most Capitalized Stock in Nigeria MTN Nigeria has surged to become the most...

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

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

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.