MTN Group Chief Commercial Officer Urges Multinational Corporations to List on GSE to Strengthen Capital Market
Chief Commercial Officer of MTN Group, Selorm Adadevoh, has encouraged multinational corporations operating in Ghana to list on the Ghana Stock Exchange (GSE).
According to him, this is necessary to provide a robust capital market environment for investors, particularly Ghanaian investors, and also help bring stability to the economy.
“I would encourage multinational companies who are operating in the country, to think about listing on the Ghana Stock Exchange to grow the capital market and provide a very robust capital market environment for Ghanaians to participate in and also bring stability to the overall economic environment,” he posited in a new testimonial campaign by the GSE.
MTN Ghana undertook its Initial Public Offering (IPO) which lasted from May 29, 2018, to July 31, 2018, issuing 4.64 billion ordinary shares at an offer price of GHS 0.75 per share, and raising GHS 1.15 billion.
At the moment, the share price of MTN Ghana stands at GHS 2.20 with a total market capitalization of GHS 29.1 billion and total issued shares of 13.2 billion.
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.
According to the Managing Director of the GSE, Abena Amoah, the Ghana Stock Exchange’s vision is to be a world-recognized securities market relevant to Ghana and Africa’s economic transformation.
Asserting that the GSE is bringing its vision to life by providing platforms for the private sector and public institutions to raise the patient capital necessary to fund their growth.
She therefore urged businesses in the country to heed the call of listing on the GSE.
“Heed the call to benefit also from the Ghana Stock Exchange. Join us to build a capital market that creates wealth and prosperity for your company and for the Ghanaian investors, who are your employees, your contractors, your customers, and your community. Together we will achieve our vision of a leading capital market transforming Ghana’s economy,” she remarked.
