Ghana’s richest investor Daniel Ofori gains $12.3 million from GCB Bank shares
Daniel Ofori gains $12 million as GCB Bank shares rise, boosting his total holdings to $34 million in Ghana’s top lender.
Skip to content
Daniel Ofori gains $12 million as GCB Bank shares rise, boosting his total holdings to $34 million in Ghana’s top lender.
Ofori’s Société Générale Ghana stake climbs to $18 million after $13.2 million gain from share surge and cedi strength.
Ghana’s richest investor Daniel Ofori gains $7.6 million from GCB Bank’s 73% stock rally this year.
Ofori's stake rose from $5.68 million to $8.61 million, a gain of $2.93 million, despite the impact of currency depreciation on dollar-denominated returns.
This follows a $1.19-million gain recorded between Jan. 1 and May 6, when the value of his stake rose from $4.91 million to $6.1 million.
The suspension follows the filing of an injunction by minority shareholders, specifically targeting the allotment of shares. Court hearings are scheduled to commence this week.
The surge in Ofori’s GCB Bank stake strengthens his position as the leading investor on the Ghana Stock Exchange (GSE).
Ghanaian tycoon Daniel Ofori owns 3.9 percent of CalBank. The bank plans to bolster its finances with a rights offering.
Ofori is also the founder of Advance Ventures Limited, a top player in structural design and real estate.
Meet the 10 individuals who own the most substantial stock ownership positions on the Ghana Stock Exchange.
Despite the recent decline in the market value of his stake, Ofori remains the richest investor on the Ghana Stock Exchange.
Ofori, the richest investor on the Ghana Stock Exchange, holds a beneficial 6.8-percent stake in Societe Generale Ghana.
Ofori remains the richest investor on the Ghana Stock Exchange and one of the wealthiest businessmen in the country.
Ofori’s stake in Societe Generale Ghana has decreased by over $1.5 million since the start of the year.
Ofori owns 7.49 percent of GCB Bank.