Unique Trust Listing In March

UNIQUE TRUST Financial Services is to be listed on the Ghana Stock Exchange (GSE) by the end of March this year.

Already, Data Bank Financial Services Limited and National Trust Holding Company (NTHC), the lead managers for the initial public offer (IPO) have completed work on the prospectus meant for the listing.

Chief Executive Officer of the financial intermediary, Prince Kofi Amoabeng, who disclosed this in a telephone interview with CITY & BUSINESS GUIDE in Accra yesterday, said his outfit's listing on the stock market was on track, noting that a document meant for the listing of the company has been submitted to the Securities and Exchange Commission (SEC), regulator of the capital market and the Bank of Ghana (BoG) which is the regulator of the country's financial institutions.

“Management is still in the process of applying for listing of some of its shares on the Accra Bourse in order to raise capital for long-term development,” Mr Amoabeng said, stressing that about 40 percent of the company's shares would be issued to individuals and institutional investors, subject to regulatory approval by SEC.

Unique Trust began operations in the country in 1997 as a small financial house.

Today, it is regarded as one of the powerful financial companies in Ghana, placing second in the 2006 Ghana Club 100 list.
It provides fast and efficient short-term loans and real returns on investments.

The move towards serving the needs of indigenous traders, exporters and importers as well as business organizations by the finance house has helped to transform market as well as small and medium enterprises in Ghana and made business finance agreement easier in the private sector.

The company said its vision was to become a fully fledged financial institution by 2010. The management of the company said it would open its Nigerian offices this year.

In December last year, Unique Trust presented a cheque for GH¢21000 to four organizations in the country to further their good works.

Hope For Kids, one of the beneficiaries, received a cheque for GH¢6,000, while Ghana Society For the Blind (GSB), Ghana National Trust Fund (GNTF) and the Cardio Surgical Centre at Korle-Bu Teaching Hospital in Accra, received a cheque for GH¢5,000 each.

By Felix Dela Klutse