GSE Reviews Delisting Guidelines

The Ghana Stock Exchange is reviewing guidelines for companies which want to delist from the market. A number of companies exited the market after years of poor performance. The new regulations will give minority shareholders a bigger voice when their companies want to delist. Managing Director of the Exchange Kofi Yamoah who dropped the hint at their 23rd Annual General Meeting in Accra said that will prioritize minority shareholders in decision making. Deputy Managing Director of the Exchange Ekow Afedzie also criticized some members of the exchange for their failure to convince their companies to list on the exchange. In 2012, total market capitalization and the domestic market capitalization went up 21 and 22 percent respectively to close at GH¢57.26 billion and GH¢6.12 billion respectively. The market also witnessed significant improvement in liquidity. Ecobank Ghana, Enterprise Group, Fan Milk, PZ Cussons and Societe Generale witnessed significant activity of their shares.