The Ghana Alternative Exchange (GAX,) barring any last minute changes, could see its first listing by November 14th, 2014.
Citi Business News gathers financial institution IZWE Loans ltd will float its corporate bonds on the alternative market.
A number of companies since the launch of the GAX last year were tipped to list but for a number of reasons have not been able to.
GAX provides a listing avenue for small-and medium-scale enterprises that may not meet the requirements for listing on the main bourse.
Director-General of the Securities and Exchange Commission, Adu Anane Antwi tells Citi Business News IZWE Loans will list bonds valued at GHS80 million.
Adu Anane Antwi however adds that his outfit will prefer more equities are listed rather than bonds.
“We want more listings on the exchange but particularly of equities. Equities can be there as long as the company is in operation and has not gotten any problem”, he said
“For bonds, we are happy they are being listed but there is a limit on bonds on the market, if it is five years and by the end of the fifth year, it is redeemed then you have no listing”, he added
Other companies like Meridian Marshall, Intravenous Infusions Limited, Juaben Oil Mills, Domod and Processed Food and Spices have all expressed interest in listing on the Ghana Alternative Market.
Citi Business News gathers Meridian Marshall early this year sought the Listing Support Fund from the Ghana Stock Exchange to quicken the process for listing.
By: Kwaku Anim Boadu/citifmonline.com/Ghana