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Ghana Stock Exchange lifts suspension of PBC

Ghana Stock Exchange (GSE)

The Ghana Stock Exchange (GSE) says it has lifted the suspension PBC Limited, with immediate effect.

“PBC has since rectified all the anomalies that led to its suspension”, the GSE said in a statement.

In August 2019, the GSE suspended PBC for the failure of the company to publish its financial results since the end of its financial year September 2018.

PBC, which is the biggest cocoa buyer, is majority owned by the Social Security and National Insurance Trust (SSNIT) and the Government of Ghana, through the Ministry of Finance.

The two lead shareholders own almost 75% of the company, which recently diversified from its core business of cocoa buying into real estate and shea nut processing through the establishment of the Golden Bean Hotel in Kumasi and the Shea Factory in Buipe.

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