The Ghana Stock Exchange has insisted more companies are likely to list on the bourse, despite the poor trading activities over the last six months.
External factors including the Euro zone debt crisis and other internal matters have forced investors to withdraw from the market.
A number of companies including Met Insurance and oil giant, Kosmos Energy, are billed to list by the end of the second quarter of 2012. Analysts say the conditions are still not favorable for listing.
But in an interview with Citi Business News, the Managing Director of the GSE, Kofi Yamoah, insisted some companies might list despite the gloomy outlook.
“Kosmos expressed its interest to list, and we are also looking at other companies per what our advisors are saying,” he said. “We cannot put a number on it but there are certain organizations we are looking at to list.”
Mr. Yamoah also expects improved market activity in the second quarter of the year.
Source: citifmonline
