Minister of Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare
The Minister of Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, has disclosed that the government is considering listing State-Owned Enterprises (SOEs) on the Ghana Stock Exchange.
Speaking on a panel at the National Economic Dialogue, she stated that this move would help generate funds for SOEs through the stock market.
She further explained that the listing would bolster pension funds, allowing pensioners to benefit more.
“I’m sure the government will look at listing SOEs and ensure that we secure some of our funding locally. That’s the only way our pension funds will grow for us to enjoy good pensions,” the trade minister remarked.
She believes the listing will enhance efficiency and profitability.
On the stock market, individuals buy and sell securities such as shares and bonds. Prices are largely determined by supply and demand.
The Ghana Stock Exchange (GSE) offers a variety of markets tailored to meet the diverse needs of investors and issuers.
The Ghana Stock Exchange’s include various markets tailored to meet the diverse needs of investors and issuers.
The GSE markets comprise the main market for large corporates; Ghana Alternative Market (GAX) for SMEs, Ghana Fixed Income Market (GFIM) for the trading of treasury bills, government bonds and corporate bonds.
Also, Commercial Paper Market to facilitate the raising of short-term corporate debt, Green and Sustainable Bond Market for the trading of Sustainable Bonds and Over-the-Counter Market (OTC) for the trading of public non-listed securities.
SA/AE
Watch the latest edition of BizTech below:
Click here to follow the GhanaWeb Business WhatsApp channel