Accra, Ghana – The Minister of Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, has revealed that the government is considering listing State-Owned Enterprises (SOEs) on the Ghana Stock Exchange (GSE) to boost funding and enhance efficiency.

Speaking at the National Economic Dialogue, she stated that this initiative would enable SOEs to generate capital through the stock market, reducing reliance on government funding.

She further highlighted that the move would strengthen pension funds, ultimately benefiting pensioners.

“I’m sure the government will look at listing SOEs and ensure that we secure some of our funding locally. That’s the only way our pension funds will grow for us to enjoy good pensions,” she remarked.

The Minister expressed confidence that listing SOEs on the GSE would improve efficiency and profitability within the sector.

The Ghana Stock Exchange provides multiple markets tailored to meet the diverse needs of investors and issuers.

These include the main market for large corporations, the Ghana Alternative Market (GAX) for SMEs, and the Ghana Fixed Income Market (GFIM) for trading treasury bills, government bonds, and corporate bonds.

Additionally, the Commercial Paper Market facilitates short-term corporate debt, while the Green and Sustainable Bond Market focuses on trading sustainable bonds.

By integrating SOEs into the stock exchange, the government aims to create an avenue for increased investment, stimulate economic growth, and ensure financial sustainability in the public sector.

Story By: Robicon Mornahson