Bond Savings and Loans company has stated that it will be raising about GHS300 million capital from the Ghana Stock Exchange to inject into its operations.
The company in 2017 raised GHS70 million out of GHS100 million target.
According to the Chief Executive Officer, George Ofosu Hene, the firm wants to expand its operation and would be raising about GHS300 million from the Ghana Stock Exchange in the coming months.
He, however, was quick to add that the funds are not in preparation for a potential rise in the minimum capital requirement from the Central Bank. It is neither to shore up its liquidity but to for operational expansion.
(By Richard Annerquaye Abbey)