The Ghana Stock Exchange (GSE) says it will be making a formal request to Vodafone Ghana to list on the local bourse.
According to the Ghana Stock Exchange, the rules that applied to MTN to list on the GSE should also be applied to Vodafone.
Managing Director of the Ghana Stock Exchange, Kofi Yamoah made the disclosure when addressing the media in Accra on Thursday.
According to him, any telecom provider acquiring the 4G license should be made to list on the local bourse.
Mr Yamoah said, "I don't believe that Ghana still has significant ownership in Vodafone and the indicators are clear, Ghanaians have to own the shares properly."
Kofi Yamoah indicated that he had a meeting with the Minister of Communications and one of the deputies and begun a discussion on the matter.
"I met the Minister and Deputy on a different matter but this came up and we had an understanding that moving forward they will be pressed upon to come on the market, they have been in the country for more than ten years," he noted.
Vodafone acquired a 4G license early this year as part of its strategy to expand the business.
Performance of GSE
Kofi Yamoah disclosed that external happenings in both US and the UK had a significant effect on the performance of the Ghana Stock Exchange last year.
Ghana government listed bonds and notes which includes ESLA and other bonds by the government was valued at more than GHc55 million as at end of 2018 as against 45 million cedis recorded in 2017.
Managers of the GSE has assured that many initiatives will be introduced this year to raise confidence in the market.
Latest Stories
-
Police haul in Kwadaso MP, EC officials in probe of Ejisu by-election ‘bribery’ case
33 mins -
Ghana’s press freedom ranking: Are we actually improving?
2 hours -
Reflections: 50 Lessons at 50
2 hours -
NCCE briefs Council of State on civic plans for 2024
2 hours -
Ecobank Group reports Profit Before Tax of $581m, on net revenue of $2.1bn for 2023
2 hours -
More businesses are working to move out of Ghana – Food and Beverages Association
2 hours -
Empowering Ghana’s Environmental Narrative: Celebrating World Press Freedom Day 2024
2 hours -
AG hasn’t closed investigations into Cecilia Dapaah’s case – Spokesman
2 hours -
Ghana Tourism Authority celebrates ‘Feast Ghana’ on May Day with a Taste of Culture
3 hours -
Fella Makafui gets emotional and teary-eyed reacting to old video with Medikal
3 hours -
FBNBank Ghana changes to FirstBank Ghana to align with Group identity
3 hours -
Agogo Presby Hospital celebrates staff over zero maternal death record
4 hours -
Ghana isn’t broke to procure high and low-voltage poles – Energy Minister
4 hours -
Appiatse residents handed keys to newly constructed homes
4 hours -
Dumsor: Mahama the only President to superintend ‘dum dum’ for 4 years – Opoku Prempeh
4 hours