
Audio By Carbonatix
Small businesses in the country can take advantage of the Ghana Alternative Market when they turn to the Ghana Stock Exchange to raise capital to expand their operations.The Ghana Alternative Market which is dedicated to small firms and start-ups with flexible listing requirements has finally taken off after several postponements.Firms that want to list on the market must have a stated capital of 250 thousand Ghana cedis after listing and just 20 shareholders.Managing Director of the Exchange, Kofi Yamoah tells Joy Business they are hoping to announce soon the fist company that will start trading on the market.“Everything is in place. First of all, governing board has been inaugurated; they had their first meeting and there is a chairman in place…the rules are in place and printed…”The official advertisement would soon be announced, he said.
Meanwhile the Ghana stock Exchange says it would work hard to sustain the markets' excellent performance.A Databank report last week adjudged the Ghana Stock Exchange as the best in Africa in terms of returns to investors in dollars for the first quarter of this year.Mr Kofi Yamoah tells Joy Business the market should end the year on a good note because the fundamentals guiding the performance are strong.
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