Audio By Carbonatix
The Agricultural Development Bank (ADB) has suspended plans to list itself on the Ghana Stock Exchange, a move that will delay the bank’s plans to end state ownership and become a private entity.
The act of listing a company on the stock market is an essential step in the process of going public.
Yvonne Quansah, Acting Director of the Financial Services Division at the Finance Ministry, announced that the delay is in response to a potential transfer of power in the upcoming elections.
Whichever party takes power after December will continue to oversee the transition, she said.
The ADB is currently 52% owned by the government and 48% owned by the Financial Investment Trust on behalf of the Bank of Ghana.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Prof Andrew Owusu unanimously elected to represent Africa on World Olympians Association leadership
13 minutes -
GPRTU arrest: ‘Not belonging to a union is not a crime’ – Martin Kpebu
16 minutes -
Ibrahim Sulemana completes loan return to Cagliari
31 minutes -
Prejudicial remarks against Ofori-Atta shameful, hypocritical – Frank Davies
33 minutes -
No law allows GPRTU to arrest drivers over fare disputes – Kennedy Osei Nyarko
33 minutes -
Update: Fire at Madina Zongo Junction successfully contained
39 minutes -
A Closer Look at a 21-Day Religious Fast
1 hour -
NPP’s Osei Nyarko condemns ‘high-handedness’ in crackdown on driver overcharging
2 hours -
Gwollu, Resistance, and Renewal: The living legacy of the Tanjia Musa Fire Festival
2 hours -
Ofori-Atta isn’t scared of criminal prosecution, he will come at the right time – Frank Davies
2 hours -
Firefighters battle blaze at Madina Market
2 hours -
“Metro Mass was in a sorry state, panting for breath when we took over” – MD Cezario Kale
2 hours -
Japan restarts world’s largest nuclear plant as Fukushima memories loom large
2 hours -
AG ‘extremely hopeful’ for Ofori-Atta’s return, acknowledges February 19 U.S. Court deadline
2 hours -
Ghana’s High Commissioner to UK engages tech innovator Danny Manu on potential Ghana projects
2 hours
