Audio By Carbonatix
Ghanaians could soon get the chance to own part of any of the utility companies if discussions with these companies for possible listing materialize.
The Securities and Exchange Commission says it is currently engaging Ghana Water, the Electricity Company and the Volta River Authority to encourage them to turn to the capital market to raise funds for expansion.
Government should also be willing to divest its interests in the entities since it wholly owns them.
Director-General of the Commission, Adu Anane-Antwi tells Joy Business the companies could also explore the issuance of corporate bonds.
Meanwhile, state power generator, VRA is currently working on listing on the stock market soon.
It would join three former state-owned entities - the Ghana Commercial Bank, Cocoa Processing Company and Ghana Oil - which now have some private ownership.
The Agricultural Development Bank is also said to be working on a similar move.
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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.
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