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Monday, October 17, 2016

Get to Bank Ghana dispatches IPO to raise $26m

Get to Bank Ghana, a backup of Access Bank of Nigeria Plc, propelled an underlying open share offer on Monday went for raising no less than 104 million cedis ($26m).

The bank told Reuters that it would likewise slice its stake to 78 for every penny from 100 for every penny in the buoyancy, went for empowering Access Bank Ghana to wind up self-financing.

The dispatch is in accordance with a more extensive drive by backups of Nigerian banks to look for crisp wellsprings of subsidizing, given the shortcoming of the economy because of low oil costs.

"We are trying to extend our operations by making new interests in branch extension, strong innovation and other foundation," Access Bank Ghana's Managing Director, Dolapo Ogundimu, said in an announcement on Monday.

The offer takes after endorsement from Ghana's Securities and Exchange Commission and the Ghana Stock Exchange, with the offer open from Wednesday until November 11, the bank said in the announcement.

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