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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    We want Ghanaians to own 30% of MTN Ghana shares by end of 2022 – GROUP CEO

    Ghana’s 2022 economic outlook to remain positive; GDP projected to grow by 5.3% – AfDB report

    African governments tasked to look within the continent in their bid for transformation

    COCOBOD closes purchases for 2021/2022 main crop cocoa season

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

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    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

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Airtel not to list on the GSE soon – MD

bycitibusinessnews
December 5, 2016
in Local Economy, TECHNOLOGY, Top Stories
Lucy Quist

Lucy Quist

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Telecom operator, Airtel, has ruled out any plans to in the medium to long term, list on the Ghana Stock Exchange (GSE).

Though the telecom company is currently listed on the India Stock Exchange, it says it won’t list on Ghana’s bourse.

“We are not listing on the Ghana Stock Exchange because Airtel is a listed company on the Indian stock exchange and those shares are opened to anyone to purchase,” Managing Director for Airtel Ghana, Lucy Quist told Citi Business News.

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Ghana has six telecom operators but none of them is currently listed on its local bourse.

This is despite calls by the Securities and Exchange Commission and Ghana Stock Exchange for them to do so.

Though Lucy Quist admits that the company has no plans to list its shares in Ghana, she has encouraged persons who want to purchase shares in the company to do so through the India Stock Exchange.

“That’s probably something that we need to be more informative around it; there are unrestrictions around who can buy shares on any stock exchange and I think it will be really good if people wanted to participate and buy those shares,” she added.

Meanwhile the Securities and Exchange Commission has told Citi Business News Ghana’s largest telecom operator; MTN Ghana, will soon float some of its shares to the public.

MTN is however yet to complete the process to get a final approval from the SEC.

The decision to float shares also forms part of moves to meet requirements around the 4G license.

–

By: Vivian Kai Lokko/citibusinessnews.com/Ghana

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