gse listed companies

Here is a comprehensive list of companies listed on the Ghana Stock Exchange.

Overview of the Ghana Stock Exchange

The Ghana Stock Exchange (GSE) is the principal stock exchange of Ghana. The exchange was incorporated in July 1989 with trading commencing in 1990. It currently lists 42 equities (from 37 companies) and 2 corporate bonds.

 

Importance of Ghana Stock Exchange Listed Companies for Ghana’s Economy.

To provide an efficient securities market for national economic development through access to capital and investment.

Before I list the companies on the Ghana Stock Exchange, let’s have a look at the Listing Rules and Obligations.

Listing Rules & Obligations

In order to qualify for listing on the Ghana Stock Exchange, a company must fulfill specific requirements outlined in the GSE Rule Book. The Exchange offers two equity lists, namely the Main Market and the Ghana Alternative Market (GAX), to make it feasible for several companies to list.

Companies that opt for a Main Market listing, or aspire to do so, must comply with more rigorous requirements, whereas those aiming for a GAX listing follow requirements tailored for small and medium-sized enterprises. The Listing Rules outline the essential information that must be included in the original listing application.

To ensure that the application meets the requirements, it is advised to work with a Licensed Dealing Member. The Licensed Dealing Member can provide guidance to ensure that the application contains the necessary information in areas such as:

  1. Background of the company – (history, type of business)
  2. Capitalization and share distribution – (authorized and issued capital, distribution of shareholding, etc)
  3. Directors and key management staff
  4. Long-term and funded debt – financing arrangement, interest rates, maturity dates, etc.)
  5. Investments and properties;
  6. Competition and industry;
  7. Profit and loss record for three years or one year as the case may be;
  8. Dividend records;
  9. Other information – (fiscal year-end, date of the annual meeting, pending legal actions, etc.) and;
  10. A copy of the prospectus submitted to the SEC.

List of companies listed on the Ghana Stock Exchange

Symbol Company Date Listed
ACCESS Access Bank Ghana Plc 21/12/2022
ADB Agricultural Development Bank 12/12/2016
AGA AngloGold Ashanti Limited 27/04/2004
ALW Aluworks LTD 29/11/1996
ASG Asante Gold Corporation 29/06/2022
BOPP Benso Oil Palm Plantation Ltd 16/04/2004
CAL CalBank PLC 05/11/2004
CLYD Clydestone (Ghana) Limited 19/05/2004
CMLT Camelot Ghana Ltd 17/09/1999
CPC Cocoa Processing Company 14/02/2003
DASPHARMA Dannex Ayrton Starwin Plc.
EGH Ecobank Ghana PLC 13/07/2022
EGL Enterprise Group PLC
ETI Ecobank Transnational Incorporation 11/09/2006
FML Fan Milk Limited 18/10/1991
GCB Ghana Commercial Bank Limited 17/05/1996
GGBL Guinness Ghana Breweries Plc 23/08/1991
GOIL GOIL PLC 16/11/2007
MAC Mega African Capital Limited 23/04/2014
MTNGH MTN Ghana 05/09/2018
PBC Produce Buying Company Ltd. 17/05/2000
RBGH Republic Bank (Ghana) PLC. 17/03/1995
SCB Standard Chartered Bank Ghana Ltd.
SCB PREF Standard Chartered Bank Ghana PLC
SIC SIC Insurance Company Limited 25/01/2008
SOGEGH Societe Generale Ghana Limited 13/10/1995
SWL Sam Wood Ltd. 24/04/2002
TBL Trust Bank Limited (THE GAMBIA) 15/11/2002
TLW Tullow Oil Plc 27/07/2011
TOTAL TotalEnergies Ghana PLC
UNIL Unilever Ghana PLC

As of the time of writing this article, there are 32 companies listed on the GSE.

 

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