Business News of 2014-01-16

GSE targets six listings in 2014

The Ghana Stock Exchange (GSE), one of the best performing bourses on the continent, says it is targeting six listings this year.

Mega African Capital, an investment fund; Processed Food and Spices Limited; Meridian Marshalls Limited, an educational institution; Juaben Oil Mills Limited; Intravenous Infusions Limited; DanAdams Pharmaceuticals; Vanguad Assurance Limited; and Agricultural Development Bank are some of the targeted companies.

Three are expected to list on the main bourse, with the rest expected to list on the Ghana Alternative Exchange (GAX).

“We are targeting three for the main market and, of course, three for the GAX,” Mr. Ekow Afedzie, Deputy Managing Director of the GSE, said at a forum to discuss the performance of the exchange last year.

Source: B&FT
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