ADVERTISEMENT
RADP / Pulse Ghana  >  news  >  business

Reviewed local content policy to pressurize multinationals to list on GSE

Berlinda Entsie

Multinationals operating in Ghana could soon be asked to list on the stock market as part of proposed changes to the country’s local content policy.

___6391834___https:______static.pulse.com.gh___webservice___escenic___binary___6391834___2017___3___18___21___GSE_1
___6391834___https:______static.pulse.com.gh___webservice___escenic___binary___6391834___2017___3___18___21___GSE_1

This development according to reports forms part of government’s decision to make sure that citizens are able to have a share of most of the foreign firms operating in Ghana.

The policy could first start with just encouraging these firms and later look at the option of putting the necessary laws in place, for the firms to go public and list on the Ghana Stock Exchange (GSE).

READ ALSO:Parliament approves tax cut bills

ADVERTISEMENT

Sources close to Pulse Business say, government is considering listing some state-owed institution for interested persons to buy shares in them

Some state institutions in the energy sector are under serious considerations to be floated on the exchange market.

Reports also say, some foreign firms are in talks with their transaction advisors to list on the market.

READ ALSO:Cedi appreciates marginally over the issuance of 3-year bond

However, most of the firms are still struggling to convince their shareholders outside the country about the policy.

ADVERTISEMENT

Another concern, for the regulators, is the response of some Ghanaians to a public offering by foreign firms and whether there will really be active participation during these Initial Public Offering (IPO).

READ ALSO:Push 10 percent of Pension Funds to the private sector —Tony Elumelu

This is to enable them to take some significant stake in these multinationals, which analysts are worried may affect this policy.

Berlinda Entsie Berlinda Entsie Berlinda Entsie a reporter at Pulse.com.gh/bi/. She reports on all your business related issues and always ready to promote your business through amazing reportage.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.com.gh

ADVERTISEMENT