Vision1 FM                       Light FM                         Light TV

Listing SOEs on stock exchange good move

Economist Eric Osei-Assibey has lauded government’s decision to list State Owned Enterprises (SOEs) on the Ghana Stock Exchange (GSE).



He believes the decision will ensure that SOE’s remain accountable to the public.

“I think it is good because then you are also allowing public participation and also many of them are currently undercapitalized so you want to ensure equity financing so that Ghanaians become shareholders of these companies.

“I think that if that is done it will not only bring in the necessary financing but will also strengthen the corporate structures and the ownership structure of such corporations, so that gradually we offload government’s interest from some of these SOE’s” he added.

His assertion follows an announcement by Vice President, Dr. Mahamudu Bawumia has to list majority of SOEs on the Ghana Stock Exchange to promote efficiency and drive economic growth.

The move is among others expected to solve the financial challenges facing most SOEs in Ghana.

Dr. Osei-Assibey stated that listing of SOE’s will attract the needed funding for the state.

“So I think it is very good suggestion that we should pursue. It will definitely bring the needed financing and also because once you are listed on the Ghana Stock Exchange, you need to put in place good governance structure, your reporting becomes much more accountable and transparent in terms of your finances”.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: citifmonline.com

More Lifestyle..

How Boxer Emmanuel Tagoe got to know his 14-year-old son is not his child How Boxer Emmanuel Tagoe got to know his 14-year-old son is not his child 2018-09-14 - YEN reported earlier the story of popular local boxer, Emmanuel...
Bank crisis: Your deposits are safe – UniCredit assures customers Bank crisis: Your deposits are safe – UniCredit assures customers 2018-09-13 - The management of uniCredit has called on its customers to remain...
Apple iPhone XS unveiled alongside fall-detecting Watch Apple iPhone XS unveiled alongside fall-detecting Watch 2018-09-13 - Apple has updated its iPhone X handset with three more powerful...
Kofi Amoah heads FIFA Normalization C’ttee to run Ghana football Kofi Amoah heads FIFA Normalization C’ttee to run Ghana football 2018-09-13 - FIFA has named Dr. Kofi Amoah as chairperson of a four-person...
Former England captain Terry turns down move to Russia Former England captain Terry turns down move to Russia 2018-09-13 - John Terry won 78 caps for England between 2003 and 2012 Former...