Multinationals operating in Ghana could soon be asked to list on the stock market as part of proposed changes to the country’s local content policy.
This development according to reports forms part of government’s decision to make sure that citizens are able to have a share of most of the foreign firms operating in Ghana.
The policy could first start with just encouraging these firms and later look at the option of putting the necessary laws in place, for the firms to go public and list on the Ghana Stock Exchange (GSE).
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Sources close to Pulse Business say, government is considering listing some state-owed institution for interested persons to buy shares in them
Some state institutions in the energy sector are under serious considerations to be floated on the exchange market.
Reports also say, some foreign firms are in talks with their transaction advisors to list on the market.
However, most of the firms are still struggling to convince their shareholders outside the country about the policy.
Another concern, for the regulators, is the response of some Ghanaians to a public offering by foreign firms and whether there will really be active participation during these Initial Public Offering (IPO).
This is to enable them to take some significant stake in these multinationals, which analysts are worried may affect this policy.