Minister of finance, Yaw Osafo-Maafo says 11 state-owned enterprises would soon be listed on the Ghana Stock Exchange (GSE) for divestiture.
Speaking at the first Ecowas cross-border listing of the Trust Bank Limited of Gambia on the GSE recently, he said divestiture through the Stock Exchange ensures transparent transactions and efficient pricing of the shares on offer as well as attracts foreign investor participation.
Osafo-Maafo called on the GSE to work to achieve investor confidence so that more of such listings would be achieved in the coming years. He said government intends to boost the “capital markets by promoting and supporting reforms that will open the market, increase intermediation and engender long term savings which can be channelled into significant economic growth.”
He said corporate laws in the constitution would constantly be reviewed to avoid any investment impediments. As part of these measures four bills are currently before the attorney general’s department, he said.
He said government is working around the clock to bring interest rates and inflation down to make the stock market more attractive.