The Ghana Stock Exchange (GSE) has welcomed First Atlantic Bank as it begins the process of listing on the Exchange’s Main Market through an Initial Public Offering (IPO).

This follows the necessary approvals from the regulators.

The proposed listing will become the first equities market IPO on the GSE since 2018, marking a significant milestone for Ghana’s capital market and signaling renewed confidence in the Exchange as a platform for accessing patient capital for growth and value creation.

Commenting on the development, Abena Amoah, Managing Director of the Ghana Stock Exchange, said: “We are pleased to welcome First Atlantic Bank on its journey towards listing on the Ghana Stock Exchange”.

“This important step underscores growing confidence in our market and reinforces our commitment to supporting institutions to raise capital. We congratulate the bank and all the advisors who worked tirelessly to bring this transaction to fruition.”, she added.

The GSE encourages more companies to explore the capital market as a viable channel for short and long-term financing solutions.