Benso Oil Palm Plantation GM Advocates for GSE Listing as Pathway to Long-Term Business Growth
General Manager of Benso Oil Palm Plantation (BOPP), Samuel Avaala, has urged Ghanaian businesses to move to the next level of growth by listing on the Ghana Stock Exchange (GSE).
He noted that by opening up and listing on the Exchange, Ghanaian businesses can raise so much capital that the business can grow and last for generations.
“By opening up and listing, for instance, you can raise so much capital that the business can grow beyond yourself and grow beyond even your generation. So I would advise local and indigenous business owners, that they should begin to look wide, but specifically they should consider listing on the GSE, and that is how they can move to the next level,” he averred in support of the GSE’s latest testimonial campaign, designed to showcase the tangible benefits of listing on the Exchange.
The testimonial campaign by the GSE seeks to provide first-hand accounts of how the capital market has fueled the growth of currently-listed companies and enhanced their corporate profiles, and created value for their shareholders.
With this campaign, the GSE hopes to demystify the listing process and highlight how the GSE can serve as a catalyst for growth and sustainability.
The testimonial campaign forms part of efforts by the GSE to increase market awareness and encourage more companies, including viable Small and Medium Enterprises (SMEs), to explore the opportunities that come with being listed on the GSE.
Commenting on the rationale for the testimonial campaign, the Managing Director of the GSE, Abena Amoah said: ‘’The Ghana Stock Exchange’s new testimonial campaign aims to showcase the real-world benefits of listing through the voices of CEOs from some of our listed companies and corporate bond issuers. The objective is to provide insight into how listing has positively impacted these businesses.’’
BOPP is currently listed on the main market of the Exchange with total issued shares of 34.8 million and a market capitalization of GHS 870 million.
The indigenous company is currently trading on the GSE at GHS 25.00.
