… as listing revival gathers pace
By Ebenezer Chike Adjei NJOKU
The Ghana Stock Exchange (GSE) is on course to record its most active period of primary equity issuance in nearly a decade, with three initial public offerings in the space of six months set to add around GH¢10.88 billion to the exchange’s total market capitalisation. Together these three listings account for approximately 4 percent to the market cap.
First Atlantic Bank PLC listed in December 2025 at GH¢7.30 per share, raising GH¢742.2 million in an oversubscribed offer. ZEN Petroleum Holdings PLC followed in March 2026, raising GH¢640 million at GH¢5.00 per share.
Kasapreko PLC, the largest indigenous beverage manufacturer, opened its offer on May 4 and is targeting up to GH¢700 million from the sale of 583 million ordinary shares at GH¢1.20 each, with the offer closing on June 1.
Public sentiment on the rise
Public sentiment and early market signals suggest the offer may be oversubscribed, which would bring t
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