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Economy

Unique Trust to list on GSE

Unique Trust Financial Services, a successful company in Ghana is to list part of its shares on the Ghana Stock Exchange in the first quarter of next year. Capt. Prince Kofi Amoabeng (retd), who is the company’s Chief Executive, said that part of the reason was to strengthen the stock market since the company believed in the stock exchange as a positive tool and strategy to improve corporate Ghana. In March next year, the successfully growing company, which is the second on the prestigious club 100 list of companies, would go public to raise between GH¢15 million (150 billion) and GH¢20 million (200 billion) for 40 per cent stake in the company. Capt. Amoabeng said that the company would use the money to expand the extent of its financial service delivery and ensure that they stay ahead of the financial market. He commented on the performance of the national economy, saying that it was now time for Ghana to take a proper stock of itself in order to identify its strong areas and fully develop them. He said that the government must carefully select sectors that it had better advantage in, identifying some of them as cocoa, agro-processing and horticulture and channel huge financial and technical resources so as to release their full potential. He was also concerned about non-traditional exports, which he said had not seen as much support as it deserved, adding that large orders which still came into the country, could not be met. SOURCE: DAILY GRAPHIC

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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.