Sporting Club Accra Hearts has finally gotten the all-clear to list on the Ghana Stock Exchange. The approval came Thursday from the market regulator, the Securities Exchange Commission, after an initial application was faulted.
The club is however expected to meet some conditions before going public.
Hearts of Oak Board Chair, Commodore Mensah told Joy Business they are working hard towards listing before the end of March. He said managers of the club were aware of the challenges that will come with the listing but were determined to brave them.
The club is hoping to raise 5 million Ghana cedis by floating 10 million shares at 50 Ghana pesewas each. Part of the money will be used to defray debts. and the rest will go into infrastructure development.