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energycombankgh.com

Founded Year

2009

Stage

Merger | Merged

About Energy Commercial Bank

Energy Commercial Bank is a private bank in Ghana.

Energy Commercial Bank Headquarter Location

Takyi Plaza Spintex Road

Accra,

Ghana

+233 302 815 066

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Latest Energy Commercial Bank News

Nigerian Tycoon Jimoh Ibrahim Looks To List Bank On Ghana Stock Exchange

Aug 1, 2018

Share to linkedin A pedestrian waits outside the headquarters of Ghana's central bank, also known as the Bank of Ghana, in Accra, Ghana, on Thursday, March 15, 2018. Ghana wants to shake up the way it collects tax with the International Monetary Fund telling the government that it’s not raising sufficient income. Photographer: Nicholas Seun Adatsi/Bloomberg Nigerian multi-millionaire businessman Jimoh Ibrahim is looking to list shares in Energy Commercial Bank on the Ghana Stock Exchange this month. According to African Markets , Energy Commercial Bank is at the final phase of receiving approval from Ghana’s Securities and Exchange Commission (SEC) to float its shares on the stock exchange by August 2018. The bank’s listing prospectus is currently with the Ghanaian SEC for final scrutiny. Energy Commercial Bank is looking to raise more than $60 million by floating over 50% of its shares to Ghanaian institutional and retail investors, in a bid to recapitalize to more than ¢400 million ($83.5 million) in line with new directives from the Bank of Ghana. Last year, the Bank of Ghana tripled minimum capital requirements for banks to 400 million Cedis as part of reforms to strengthen the industry. Nigerian businessman Jimoh Ibrahim, 51, founded Energy Commercial Bank in 2009. The financial institution is a subsidiary of Global Fleet Group, the Nigerian business conglomerate which Ibrahim owns completely. Global Fleet has interests in oil distribution, financial services, media and real estate. E-mail me at mfon.nsehe @ gmail.com   I previously worked as a reporter for Business Daily, Kenya's largest business newspaper. Now I travel across Africa, helping FORBES track the richest people on the continent and telling their stories. I also chronicle the stories of successful African enterprises and the en...

  • When was Energy Commercial Bank founded?

    Energy Commercial Bank was founded in 2009.

  • Where is Energy Commercial Bank's headquarters?

    Energy Commercial Bank's headquarters is located at Takyi Plaza, Accra.

  • What is Energy Commercial Bank's latest funding round?

    Energy Commercial Bank's latest funding round is Merger.

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