Savings and loans company, IZWE will become the first company to list on the alternative market of the Ghana Stock Exchange. This feat will be acomplished within the next week.

Three other companies are also expected to list on the alternate market before the end of this year.

Managing Director of the Ghana Alternative Exchange, Kofi Yamoah told Joy Business that they are hopeful that IZWE will be fully listed by November 14.

He said they are hoping to use listing of the companies to encourage more listings on the market.

Mr. Yamoah however noted that the slow listing of companies in the country was due to the fact that they are not used to the record keeping that the subsidiaries of multinationals and other large banks have to conduct.

According to him, funds have been provided for companies in the country to be gradually groomed by financial and legal advisors as well as broker on how to prepare the documentation which will allow them to easily list on the stock exchange.

Companies which have already received their prospectors are expected to submit them in due course.

The Ghana Alternative Exchange, which began operations last year, is aimed at helping startups raise long term capital through the stock market.