The government must register its own companies on the stock market

The Deputy Director General of the Ghana Stock Exchange, Ekow Afegyi, congratulated the government for deciding to register some state-owned enterprises on the Ghana Stock Exchange to transfer the majority of its shares to private companies.

According to the Deputy Director General, the decision made by the government is directly in line with the original purpose of creating the Ghana Stock Exchange.

He is optimistic because the result will greatly improve the performance of state-owned enterprises.

"If you go back in history and look at the status of the Ghana Stock Exchange, the basic premise of its creation was to help the government privatize state-owned enterprises through the market bias. This has not happened over the years, "he said in an interview with Joy Business.

The government has announced its intention to unload shares of some state-owned companies to be listed on the stock exchange to allow the private sector to be part of the ownership structure of these companies.

The chairman of the State Enterprise Commission, Stephen Asamoah Boateng, revealed in an interview that talks with the finance ministry were well advanced to introduce some of the state-owned companies into the stock market.

Following this, Mr. Afegyi shared the view that the dilution of state ownership in private sector investment firms by allowing them to participate in the decision-making process is one of the best decisions that can be made. can reverse the chances of these inactive companies. like to encourage more listings in the market.

"Only a few companies have been privatized. So, if a senior government official comes back to say that we have to look at the state-owned enterprises, to determine which ones are good or which ones we can get them to market and recapitalize Ghanaians will participate this is good news and it can have a huge impact on the market, "he said.

The Ghana Stock Exchange (GSE) is Ghana's largest stock exchange. The stock exchange was established in July 1989 and its transactions began in 1990. It currently lists 42 shares (from 37 companies) and 2 corporate bonds.

All types of titles can be listed. The criteria for listing are: capital adequacy, profitability, share allocation, years of existence and management effectiveness. It is currently located in the Cedi House in Accra.