The value of Access Bank has witnessed a significant increase in price after local on the Ghana Stock Exchange (GSE).

It closed at GH¢0.10 more than its listing price of GH¢4. 

Access Bank sought to raise a little over GH¢100 million to support its growth and expansion strategies but it had to settle for just under GH¢30 million after its Initial Public Offer (IPO).

However, the bank has in place a mechanism, where it will receive the remaining funds from investors.

Access Bank began its operations in Ghana in 2009 and has remained a catalyst for socio-economic development in the country, pursuing sustainable business practices through its business operations.

Managing Director of the Bank, Dolapo Ogundimu, says these arraignments will ensure that the bank gets all the required funds, as it begins trading on the local bourse.

“We are seeking to expand our operations by making new investments in branch expansion, robust technology and other infrastructure which will enable us to fulfill our commitment to deliver superior banking services to our valued customers and stakeholders,” he added. 

The bank maintains that the share offer is in furtherance of its commitment to stay in the county.