Ghana’s Daniel Ofori sees $2-million gain in GCB Bank shares amid rally
This follows a $1.19-million gain recorded between Jan. 1 and May 6, when the value of his stake rose from $4.91 million to $6.1 million.
This follows a $1.19-million gain recorded between Jan. 1 and May 6, when the value of his stake rose from $4.91 million to $6.1 million.
Located in the West Cape Three Points Block 2 (WCTP-2), deep offshore Ghana, the Afina-1x well is pivotal to the company’s long-term oil production strategy.
The initiative comes on the heels of Jospong Group’s recent $1-billion deal with Indian carbon credit developer EKI Energy Services.
In addition to the billion-dollar deal, Agyepong announced the provision of scholarships for 10 individuals interested in pursuing studies on climate change this year.
Ofori is also the founder of Advance Ventures Limited, a top player in structural design and real estate.
Despite the recent decline in the market value of his stake, Ofori remains the richest investor on the Ghana Stock Exchange.
Ofori owns 7.49 percent of GCB Bank.
Aziz owns a significant 4.13-percent stake in the company.
Its revenue rose by 23 percent to $127.5 million.
The tycoon made the grant to a team of 26 academics from 13 universities and research institutions in Ghana.