Kasapreko IPO signals confidence in Ghanaian economy – Trade Minister

The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has hailed the listing of Kasapreko PLC on the Ghana Stock Exchange as a landmark achievement that demonstrates the strength, resilience, and global competitiveness of Ghanaian-owned businesses.

Speaking at the official listing ceremony in Accra on Monday, June 15, 2026, the Minister described the event as a major milestone for Ghana’s capital market, noting that Kasapreko’s journey from a small start-up in Nungua to an internationally recognised manufacturer exporting to markets across Africa, Europe, Asia, the Middle East, and North America reflects the potential of indigenous enterprise.

She revealed that Kasapreko’s Initial Public Offering (IPO), which sought to raise GH¢700 million, attracted GH¢1.73 billion in bids from more than 18,000 Ghanaian investors, representing a 146 percent oversubscription and one of the highest ever recorded by a locally owned manufacturing company on the Ghana Stock Exchange.

Kasapreko PLC makes historic entry onto Ghana Stock Exchange

According to the Minister, the strong investor response reflects growing confidence in Ghana’s economy and in the prospects of home-grown industries.

She added that Kasapreko is entering the stock market from a position of strength, with the funds raised earmarked primarily for the construction of a new production facility at Adeiso to expand its bottled water and soft drinks operations.

Elizabeth Ofosu-Adjare credited government efforts toward macroeconomic stabilisation, investor confidence restoration, and structured engagement with the private sector for creating an enabling environment for businesses to thrive.

She highlighted initiatives such as the Presidential Private Sector Dialogues and policy interventions aimed at addressing challenges facing exporters and manufacturers.

The Minister further outlined plans to strengthen industrial growth through initiatives including Feed-the-Industry, the forthcoming Agribusiness Policy, and the revival of the Made-in-Ghana Fair.

These measures, she said, are aimed at boosting local sourcing, promoting value addition, enhancing competitiveness, and supporting the emergence of more globally competitive Ghanaian companies.

On regional trade challenges, she noted that Ghana is leading efforts within ECOWAS to address non-tariff barriers affecting manufacturers.

She referenced a recent ministerial visit to Kasapreko’s production facility, which informed discussions at the 5th Meeting of ECOWAS Ministers of Trade and Industry.

She also commended the thousands of Ghanaians who invested in the IPO, describing their participation as a strong vote of confidence in the country’s industrial future.

She expressed optimism that Kasapreko’s successful listing would inspire more indigenous Ghanaian companies to access the capital market and contribute to the next phase of Ghana’s industrial transformation.

The Managing Director of Kasapreko PLC, Richard Adjei, said the listing on the main market of the Ghana Stock Exchange demonstrates that Ghanaians are willing to support Ghanaian businesses.

He also commended the Founder and Group Chief Executive Officer of Kasapreko for his vision and foresight, while appreciating partners for their commitment and dedication to the company over the past 30 years.