Ghanaians could soon get the chance to own part of any of the utility companies if discussions with these companies for possible listing materialize.
The Securities and Exchange Commission says it is currently engaging Ghana Water, the Electricity Company and the Volta River Authority to encourage them to turn to the capital market to raise funds for expansion.
Government should also be willing to divest its interests in the entities since it wholly owns them.
Director-General of the Commission, Adu Anane-Antwi tells Joy Business the companies could also explore the issuance of corporate bonds.
Meanwhile, state power generator, VRA is currently working on listing on the stock market soon.
It would join three former state-owned entities - the Ghana Commercial Bank, Cocoa Processing Company and Ghana Oil - which now have some private ownership.
The Agricultural Development Bank is also said to be working on a similar move.
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.
Tags:
Latest Stories
-
ECOWAS deploys observers for Dec. 7 election
4 mins -
73 officers commissioned into Ghana Armed Forces
5 mins -
Impending shutdown of three power plants won’t happen – ECG MD
7 mins -
Ghana shouldn’t have experienced any ‘dumsor’ after 2017 – IES Boss
60 mins -
Lamens flouted some food safety laws in re-bagging rice – Former FDA Boss Alhaji Hudu Mogtari
2 hours -
Afcon exit: Our issue is administrative failure and mismanagement, not lack of talent – Saddick Adams
2 hours -
WAPCo to commence major pipeline maintenance and inspection from November 25
2 hours -
CEO of Oro Oil Ghana Limited Maxwell Commey listed among the 100 Most Influential People Awards, 2024
2 hours -
Power crisis: Amandi is off due to maintenance, not debt – ECG Boss
2 hours -
Votes cast for late Akua Donkor to be declared invalid – Electoral Commission
3 hours -
You can’t keep “incompetent” Otto Addo for the long term – Countryman Songo
3 hours -
Joy FM holds 2024 Prayer Summit for Peace
3 hours -
Lady sues Police and AG over assault in custody
4 hours -
Ghana’s railway sector has been revived under my leadership – Akufo-Addo
5 hours -
Next government must enforce C190 – Women Economic Dialogue Forum
5 hours