Ghana's stock exchange aims to attract new companies

Mar 12, 2012

Ghana's stock exchange has announced it wants to have 50 listed companies in the next few years.

At present, it has 37 listed firms and the organisation wishes to improve its image and reputation on the international market by attracting more enterprises.

During an interview with Reuters, Deputy Managing Director of the stock exchange Ekow Afedzie said the institution wants three to four new listed companies before the end of the 2012.

He has also discussed his wish to see at least one bank within those enterprises, as there are just 27 of Ghana's financial institutions currently listed.

The stock exchange has also announced the creation of an alternative market aimed at small companies which have a great potential for growth.

This market will be accessible to firms that have a minimum capital of 250,000 cedis (€110,901) without the need to pay any listing or application fees.

According to Mr Afedzie, this second market could have the potential to attract between 30 and 50 companies in the next few years, Reuters noted.ADNFCR-2976-ID-801314782-ADNFCR