MOMO Transaction Review

Prime was conceived by the Assemblies of God Professionals Network (AGPN) in 2004 to promote the habits of savings and investment among members of Assemblies of God, Ghana (AG). In 2006 nearly thirteen thousand persons, including some local ASSEMBLIES OF GOD Churches, subscribed to the shares of PRIME. With this large number, PRIME became a public company under the Company’s Code of Ghana. In order to manage the share bought by members of ASSEMBLIES OF GOD, the Executive Presbytery of ASSEMBLIES OF GOD appointed ASSEMBLIES OF GOD PROFESSIONAL NET WORK as the trustees of all shareholdings with the exception of a few large shareholders and the shares owned by the General Council of ASSEMBLIES OF GOD. The Company obtained its operating license from the National Insurance Commission (NIC) in December 2006 and commenced operations in January 2007.