Armed Robbers loot Afram Plains rural bank
Trading slumps with reduced demand
Armed Robbers loot Afram Plains rural bank
Ekye Amanfrom (Afram Plains), 8 Nov. ’99
A gang of 10 armed robbers with AK 47 riffle and a pistol have robbed an agency of the Afram Rural Bank at Ekye Amanfrom in the Afram Plains District and bolted with 5.7 million cedis.
A report has been made to the Donkorkrom police but no arrest has been made.
According to the Assembly Member for Ekye Amanfrom, Mr Timothy Gboglah, around 1 a.m. on 2 November, the armed robbers in a saloon car from Donkorkrom attacked a watchman at the bank's agency and forced him to direct them to the manager's residence at gunpoint.
The robbers shot at the door of one Mr Johnson, a staff of the bank, to force it open.
They then forced him to direct them to Mr Larbi, the Manager, where they also shot at his door to force it open and asked him to surrender the key to the bank safe, which he did.
The Assembly member said the armed robbers marched the two bank staff to the strong room where the safe was kept and fired at the padlock of the door, opened the safe and took away the money.
He said that though the bank is based at Tease, they normally keep some funds in the safe at the agency for their operations.
Mr Gboglah said the bank is among a number of distressed rural banks in the country with a lot of managerial problems.
As a result, its board was dissolved recently and the manager, Mr Edmund Agyepong, was interdicted.
He urged the police to make a thorough investigation into the robbery.
GRi../
Trading slumps with reduced demand
Accra (Greater Accra) 8 Nov. ’99
Trading on the Ghana Stock Exchange (GSE) on Friday slumped with a reduced demand on equities but a moderate gain by Accra Brewery Limited (ABL) sent the All-Share Index up by 0.58 points.
The market indicator closed at 759.56 points, up from the 758.98 posted on Wednesday.
Total shares traded were down at a meagre 8,900 from the 50,800 shares that exchanged hands at the last trading session.
The change in year to date ended at 12.53 per cent.
Demand dropped to 86, 300 from the 95,200 registered on Wednesday, while total shares offered fixed at 1.5 million with Unilever (UNIL) and Ghana Brewery Limited (GBL) topping the list with 232,000 shares and 467,400 respectively.
Market capitalisation closed at 3,237.78 billion cedis from the 3,236.88 billion cedis.
In the broader market, three equities registered price changes with two appreciating.
ABL ended the week stronger at 440 cedis after making 20 cedis during trading on Friday while Pioneer Aluminium Factory (PAF) gained a cedi to end at 291 cedis.
The lone loser was CFAO, which dropped two cedis to close at 38 cedis.
The following are the last prices of listed equities in cedis:
ABL 420 +20
AGC 18,700
ALW 2,490
BAT 500
CFAO 38 -2
EIC 1,880
FML 1,000
GBL 1,500
GCB 840
GGL 950
HFC 750
MGL 220
MLC 150
MOGL 15,799
PAF 291 +1
PZ 800
SCB 19,700
SPPC 180
SSB 1,980
UNIL 1,870
UTC-E 125
GRi../