@Chief MV_ufanisi,


Happy that you took my advise in good faith.

FTSE
It is mandatory to have a UK or EU bank account to open account with UK stockbroker, so if I do not have one neither do I plan to have in future,
I trade in UK through a Singaporian brooker

www.dbsvonline.com

(A subsidiary of DBS Bank , one of the biggest banks in Singapore).

I use the same account to trade in Canada (same rules as UK) and Singapore. You can also trade in HNK on a single broking account.


NYSE

I trade with www.tdameritrade.com and www.us.etrade.com

Please find details and requirements on their websites as I opened my account 5 years ago.

Young
Nigeria
West Africa

@Chief Pkoli,

Oops apologies for my error, from your feed back AA has a website, I did not see it.

On behalf of wazuarians I use this opportunity to thank you for your
feed back on AA stockbrokers Ghana and the details you posted.
You are always a good guy any time ready to share.
IMPORTANT ON GSE
----------------
If you wish to have E-dividend that is your dividend credited to youBank account in Ghana Cedis, it may worthwhile to open a non resident bank account any time you visit Accra
in the nearest future.
Amal Bank of Ghana have such facility and that is what I use. See the link below .

http://www.amalbank.com....cts/index.php?content=9

Nobody knows something can carry you to Accra, also your dividends will be servicing the account.

You can at the point of opening a GSD account indicate your Ghana bank details or do that through your broker at a later date after you might have opened the account.

It was worthwhile Pkoli to maintain your AA profile in Kenya, in Uganda etc. One of the reasons you had a prompt reply is that you identified yourself as AA client.

@Chief Pkoli,

No currency in west Africa is easily convertible.
If I hold Nigerian Naira, I cannot easily convert it to Ghana Cedis when am in Accra and Vice Versa. I must first convet naira to USD before going there. Even forex bureau will give you a very poor rate.
That is where East Africa is well ahead. If I hold KSH I can easily convert same to UGX and Tzx,
Ecobank only interconnect for now in USD, pound sterling and Euro currency. But there is hope . ECOWAS (west African Community) is well ahead of East Afica, planning for a single currency called ECO in 2014.

Your Non resident bank account is a checking account, so you can Issue a cheque covering your dividend to your broker to buy more shares or if your AA uses Amal bank, you can make EFT from your Bank your account to your broker account.

It is worthwhile to ask your broker which bank they use, because most Ghana banks open checking accounts for non resident foreigners. It is not only AMAL bank.
I use AMAL bank because my brokers Databank Group uses Amal as one of their settlement bank, the airm was to make things easier for me.

On a serious note Pkoli, I believe is small beginings that is starting small. I was a mere workman on salary and still a workman, I only woke up from slumber a few years back.

I started my Canada investmentin 2005 with CAD 600 and it is now worth CAD 5,800. My dividend in Kenya is in six digits.

@PKoli: Since I have an bank account with Ecobank Kenya, I was wondering the same concerning EcoBank and its Ghana Stockbroking entity (EDC Stockbrokers Ltd). There should be some benefit to be derived from purchasing shares using EDC Stockbrokers in Ghana since its is owned by Eco Bank(especially on bank transfers,dividends payments, cheque clearing etc)

Ecobank also has stockbrokerage services in Togo, Cote d'Ivore, Nigeria and Cape Verde.

I wrote to the EDC Stockbrokers in Ghana and was surprised that within six hours, i got a short confirmation of their receipt of my email and that they will reply to my inquiries in detail by the end of business today! This country (Ghana)is truly going places.

Will update you on the response once i get it.

Happy hunting.

I shall be in Accra kesho to sato. If anyone needs info, paperwork lemme know. hortoncapital@gmail.com