Benso Oil Palm Plantation has announced the appointment of Mr Perry Acheampong as the new Director of the company.

Mr Acheampong takes over from Mr Pierre Billion, who resigned from the Board.

Mr Acheampong is an accomplished corporate executive with a distinguished career spanning over 15 years in senior management roles at the Ghana Rubber Estates Ltd.

Mr Acheampong is renowned for his exceptional negotiation skills, dispute resolution, security management, strategic insights, and commitment to sustainable business practices.

Mr Acheampong has a diverse educational background with a Graduate Diploma in Law from Nottingham Law School, Nottignham Trent University; a Postgraduate Diploma in Organisational Development from the University of Cape Coast; and a Bachelor’s degree in Geodetic Engineering from Kwame Nkrumah University of Science and Technology (KNUST).

Mr Acheampong has also obtained several other certificates of higher education in Civil and Commercial Mediation, and Project Management.

Mr Acheampong’s professional journey began as a Field Data Analyst at CTK Network Aviation/Grontmij Aerosat Surveys LTD, after which he joined Ghana Rubber Estates Ltd as the Estate Surveyor and recently held the position of Corporate Affairs Manager.

During his tenure, Mr Acheampong played a key role in expanding the company’s land surface and overall business impact in the agroindustry of Ghana. He is an executive member of the Association of Ghana Industries (AGI) – Western/Central Chapter.

Mr Acheampong has a unique ability to negotiate effectively, building positive and productive relationships with staff and clients to maximise performance and profit.

Benso Palm Plantation Plc Bucks Trend with Positive Gains

The Ghana Stock Exchange (GSE) experienced a lackluster trading day as investors grappled with market uncertainties amid a complex domestic economic environment.

The benchmark GSE-Composite Index lost 18.25 points to close at 2,664.60 points, representing a 9.03% year-to-date change, while the GSE Financial Stocks Index also declined by 40.77 points, closing at 1,757.00 points, representing a year-to-date return of -14.40%.

Despite the overall decline in the market, there were a few bright spots. Benso Palm Plantation PLC (BOPP) gained GH¢1.28 to close the day at GH¢14.11, thanks to investor optimism regarding the company’s growth prospects in the palm oil sector.

However, this was tempered by declines in Standard Chartered Bank Gh. PLC (SCB), which shed off GH¢1.70 to close at GH¢15.40, as well as SIC Insurance Company Ltd (SIC), which lost GH¢0.03 to end the day at GH¢0.28, reflecting waning investor interest in these companies.

The market capitalization also declined by GH¢242.78 million, ending the day’s trading session at GH¢67.21 billion, indicating that investors remained cautious in their trading activities.

However, there was an uptick in market activity, with a 179.37% rise in volume traded, although there was a 466.63% fall in value traded. In total, 217,207 shares were traded, valued at GH¢507,132.31, across 16 equities.

Of the equities traded, GCB Bank PLC (GCB) topped the trading chart with 132,296 shares valued at GH¢416,732.40, representing 82.17% of the total value traded. This was followed by Ecobank Transnational Inc. (ETI), which traded 55,576 shares valued at GH¢8,336.40, representing 1.64% of the total value traded.

The surge In trading volumes in GCB Bank PLC (GCB) could be attributed to the bank’s recent announcement of strong first-quarter 2023 earnings, which exceeded market expectations and signaled positive momentum in the financial sector.

Despite the market’s lackluster performance, market watchers remain optimistic that the GSE will regain its footing in the coming days.