Government Considers Listing State-Owned Enterprises on Ghana Stock Exchange

The Ghanaian government is considering listing State-Owned Enterprises on the Ghana Stock Exchange to enhance efficiency and profitability. This suggestion follows discussions on financial losses in SOEs and aims to improve accountability and attract private investments. Trade Minister Elizabeth Ofosu-Adjare supports the initiative, emphasizing the benefits of local funding through the stock market.

The Ghanaian government, through Trade, Agribusiness, and Industry Minister Elizabeth Ofosu-Adjare, is contemplating the listing of State-Owned Enterprises (SOEs) on the Ghana Stock Exchange (GSE). This initiative aims to improve the efficiency and profitability of these enterprises, following recommendations from the GSE Managing Director, who noted that such a listing could significantly enhance financial performance.

During a national economic dialogue, Finance Minister Kwaku Ofori Asiamah underscored the critical financial losses experienced by SOEs, advocating for necessary reforms. The proposed listing is believed to increase accountability, attract private investments, and contribute to economic stability in Ghana.

Ofosu-Adjare articulated a positive outlook on this proposal, stating, “I’m sure that government will look at listing SOEs and make sure that we get some of our funding locally.” She believes this approach could leverage local funding avenues, consequently enabling pension funds to flourish and provide citizens with beneficial investment options. The potential listing of SOEs might foster a more sustainable, competitive, and financially resilient structure for government-owned businesses.

In conclusion, the Ghanaian government is considering the listing of State-Owned Enterprises on the Ghana Stock Exchange to enhance their efficiency and profitability. This initiative, supported by relevant ministers, aims to address financial losses, improve accountability, and attract investments, fostering economic stability. If successful, it could create a more sustainable environment for SOEs and offer viable investment opportunities for citizens.

Original Source: www.ghanaweb.com