Access Holdings Plc has completed the sale of a 7.44% from a 93.40% stake in its Ghanaian subsidiary.
This was disclosed in a recent filing with the Ghana Stock Exchange (GSE) signed by the Company Secretary, Helen De Cardi Nelson, Access Bank (Ghana) PLC, and obtained over the weekend.
The corporate disclosure stated that the outcome of the transaction reflects continued investor interest in Access Bank (Ghana) Plc and confidence in the long-term prospects of the Bank.
According to the release, the sale attracted strong participation from a well-diversified pool of investors, including pension funds, institutional investors and high-net-worth individuals.
The Bank, listed on the Ghana Stock Exchange, disclosed that its parent, Access Bank Plc, sold 12,085,318 ordinary shares representing 7.44% of the unit’s issued shares on July 15, 2026.
The sale went through the Ghana Stock Exchange with regulatory clearance, including a no-objection from the Bank of Ghana.
IC Securities (Ghana) Ltd acted as adviser and executing broker.
Commenting on the deal, Managing Director of Access Bank (Ghana), Ms. Pearl Nkrumah, said the transaction deepens local ownership and liquidity in the bank’s shares, and keeps management focused on turning its scale into value for stakeholders.
Before the sale, Access Bank Plc held 93.40% of Access Bank Ghana, with the remaining 6.60% already in the hands of other shareholders from the unit’s GSE listing.
Access Holdings therefore retains majority control of its Ghanaian unit; this is a partial dilution, not an exit.
The move is believed to be in adherence to a new rule by the Central Bank of Nigeria (CBN)
limiting banks’ overseas investments to 10% of total shareholders’ funds.
There are speculations that UBA and GTCO may also go the same way to trim down on their overseas investments.
(Ripples)