Mrs Joyce Esi Boakye, Manager, Listing, of the Ghana Stock Exchange (GAX), has encouraged

Ghanaian businesses to list on the stock market as another avenue of boosting their

capital base.

Stock market
stock market
She explained that listing of companies on the stock market

offer a comparative advantage to businesses that may be denied loan

facilities from the banks.

Mrs Boakye told the Ghana News Agency during a Business Luncheon

with the Association of Ghana Industries (AGI) in Takoradi in the

Western Region that the stock market is an avenue for long term

capital building.

?We are therefore creating the awareness and showing businesses

the ways to expand their businesses,? she said.

She noted that as lack capital continues to be a big issue to

entrepreneurs; ?they are not able to expand as well as retool?.

Mr Andy Koney, Chairman of the Western and Central Branch of AGI

expressed gratitude about the introduction of Ghana Alternative

Market (GAM), which offers small and medium enterprises (SMEs) an

opportunity to list on the stock Exchange to attract capital for

expansion through the public.

He recounted the success story of Samba Foods Limited, an

indigenous company, which has been able to raise GH? 2.5 million

shares after floating a little over three million shares from

February to March.

Mr Koney said: ?The story of the struggles for SME?s to raise

capital for businesses will be re-written if they take advantage of

the GAX to expand and improve their production capabilities.?

Source : GNA/newsghana.com.gh

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