During the turn of the century 1900, the Ashanti Goldfields Corporation was among the most important gold mining companies listed at the London Stock Exchange.
In 1994, the Ghana government, the majority shareholder, announced plans to sell 20-25 percent of its interest in AGC in a share flotation.
It was the largest flotation ever organised by any gold mining company coordinating and advisory team alone numbered over 200 people.
In 1996 AGC was listed on the New York Stock Exchange to raise new capital, it was the first African company to appear on Wall Street.
In 1999, the company succumbed to an ill-executed gold price hedge led by Goldman Sachs, which drove it to the brink of bankruptcy.