Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

UT Bank of Ghana Rises to One-Year High on Profit Speculation

UT Bank Ltd. of Ghana advanced to the highest in more than a year as investors bought shares on speculation that profit increased in the first half.

The stock gained 2 pesewas, or 6.1 percent, to 35 pesewas as of 3 p.m. in the capital, Accra, the highest since June 2, 2010. The stock last moved on July 5, when it lost 2.9 percent.

The share-price jump occured “in anticipation of good earnings for the first half,” Randy Mensah, a stock trader at Accra-based Databank Financial Services Ltd., said in a telephone interview today. “We expect between 20 percent and 30 percent growth in UT Bank’s first-half profit over the previous year’s half.”

In the first quarter through March, net income increased to 1.1 million cedis ($730,000) from 152,000 cedis a year earlier, the bank said April 29. Net interest income rose to 8.8 million cedis from 5.4 million cedis.

To contact reporter on this story: Moses Dzawu in Accra at +233-302-258-797 or

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.