GSE grants listed banks one-month extension to file audited financial statements

The Ghana Stock Exchange(GSE) has permitted a request by the Ghana Association of Banks on behalf of listed banks for the filing of 2022 audited financial statements to be extended by one month to April 30, 2023.

This, the association says, will enable the eight banks to work effectively with their external auditors to achieve the audit objectives.

In a press release issued by GSE on January 19, it said the Association indicated that their ongoing discussions on the Government of Ghana Debt Exchange programme had affected the finalisation of financial statements for the year ended December 31, 2022, by external auditors of the banks.

The banks are Access Bank Ghana, ADB, CalBank, Ecobank Ghana, GCB Bank, Royal Bank Ghana, Standard Chartered Bank Ghana and Societe Generale.

In particular, the deliberations have implications for the assessment of Expected Credit Losses and their impact on 2022 financial statements.

The GSE said it is against this background that the date for filing of 2022 audited financial statements is extended by one month to April 30, 2023.

It urged the banks that can conclude their audit in time after the ongoing discussions are encouraged to publish their audited financial statements within the existing statutory timeline.