The Ghana Stock Exchange (GSE) has hinted that the stock market would witness about four additional listings this year.
Last year turned out as one of the worst for the local bourse in terms of new listings, as no new companies came on board.
The local bourse currently has 34 companies listed on it.
Stock market analysts say the number of companies listed on the market is not good considering that the Stock Exchange has been in existence for 23 years.
But Deputy Managing Director of the Exchange, Ekow Afedzi, told Joy Business he is hopeful 2014 would go down as one of the best years in terms of listing.
He underscored the need for companies to list on the bourse to make it more liquid and bigger.
"If everybody [company] is sitting back and saying because the market is small they want to wait, I don't know who's going to list", he said.
The stock market ended last year recording almost 80% return on the average for persons who had invested in listed equities on the Exchange.
Returns on stock market shares are usually far better than what is earned on investment products like treasury bills and even bank deposits.
Latest Stories
-
Bright Simons: The SML defence “falls flat”
50 seconds -
We need long term macroeconomic stability to build a strong and vibrant economy – Deloitte Boss
57 seconds -
Adomaa Adjeman to make theatre debut as Aku Sika in Prof Martin Owusu’s epic
3 mins -
U.S. government supports Ghanaian partners to protect Intellectual Property
8 mins -
Eric Johnson
14 mins -
Tanzania denies abuse reports as World Bank halts funds
23 mins -
2024 polls: The person I defeated twice can’t succeed me – Akufo-Addo
30 mins -
NBA: Miami Heat beat Boston Celtics to even series
38 mins -
Two sentenced for stealing over 1,000 bags of rice
43 mins -
Zulu monarchy in row over king’s praise singer
47 mins -
Xavi to remain as Barcelona coach until at least June 2025
49 mins -
2Pac’s estate threatens to sue Drake over use of late rapper’s AI-generated voice
50 mins -
Yaw Nsarkoh: The President’s letter on the KPMG (SML) Report
51 mins -
Manasseh’s praise and criticism of Akufo-Addo’s action on the SML scandal
56 mins -
KPMG’s report confirms we haven’t been paid $100m – SML
1 hour