BoG Governor hails First Atlantic Bank's GSE listing as boost to capital market

The Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, has described the listing of First Atlantic Bank on the Ghana Stock Exchange (GSE) as a major boost to Ghana’s capital market and financial sector development.

Speaking as the Special Guest of Honour and keynote speaker at the listing ceremony on Friday, December 19, 2025, Dr Asiama said the move reflects the bank’s strong growth prospects and strategic direction, while reinforcing confidence in Ghana’s financial system.

“By taking this step, First Atlantic Bank is strengthening its capital base, broadening ownership, and contributing to the deepening of Ghana’s capital market. It reinforces confidence in the financial system and supports building a more transparent, resilient, and forward-looking financial sector,” he stated.

First Atlantic Bank completes oversubscribed IPO, set to list on GSE

Dr Asiama further expressed optimism that the development would pave the way for more banks to tap into the equity market as Ghana’s economy expands and financial intermediation becomes more advanced.

“As Ghana’s economy grows and financial intermediation becomes more sophisticated, we expect more banks to access the equity market, strengthening links between banking and capital-market development. By 2026 and beyond, a more diversified ownership structure will enhance resilience, reduce concentration risks, and support a financial system aligned with national development objectives,” he added.

The listing ceremony attracted key stakeholders in Ghana’s financial sector, including the First Deputy Governor of the Bank of Ghana, Dr Zakari Mumuni, and the Second Deputy Governor, Matilda Asante-Asiedu.

Meanwhile, First Atlantic Bank has successfully completed its Initial Public Offering (IPO), recording an oversubscription that signals strong investor confidence in the bank’s fundamentals and growth prospects.

The offer, which closed on Friday, December 4, 2025, attracted broad participation from both institutional and retail investors.

An IPO is the first sale of a private company’s shares to the public, allowing it to become publicly traded and raise capital for growth, debt reduction, or to enable early investors to exit.

First Atlantic Bank's listing on the Ghana Stock Exchange (GSE) today, December 19, 2025, marks a significant milestone as it's the first listing on the GSE in over seven years. The event was attended by Bank of Ghana Governor, Dr. Johnson Pandit Asiama, First Deputy Governor,… pic.twitter.com/FNVXD33nkM

— Bank of Ghana (@thebankofghana) December 19, 2025