The Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, has confirmed that the Ghanaian government will consider the possibility of listing State-Owned Enterprises (SOEs) on the Ghana Stock Exchange. This decision follows increasing calls from stakeholders, including the Managing Director of the Ghana Stock Exchange, urging for such listings to enhance the operational efficiency and profitability of SOEs.
The Finance Minister recently painted a concerning picture of SOEs’ financial health, highlighting significant losses in these state-run businesses. During the same national economic dialogue, the Trade Minister discussed potential strategies to improve the situation, including exploring the option of raising capital from the stock market to support SOEs.
In her comments, Ofosu-Adjare emphasized that listing SOEs on the stock exchange could be a vital step in addressing the financial challenges facing these entities. She also underscored the importance of local fundraising, suggesting that such initiatives would contribute to the growth of the country’s pension funds, ultimately benefiting Ghanaian citizens.
This move is part of the broader effort to revitalize Ghana’s state-owned enterprises and make them more competitive and sustainable. The government’s willingness to explore stock market listings reflects a growing recognition of the need for innovative solutions to strengthen the nation’s economy.
SOURCE: CITI NEWSROOM