Fidelity Bank to list on Ghana Stock Exchange by 2013

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    Fidelity Bank says it is working on listing on the Ghana Stock Exchange possibly by next year or early 2013.

    Shares of the bank are currently traded over the counter and not listed on the Accra bourse.

    Managing Director, Edward Effah told Joy Business listing on the exchange is part of its plan to make the public aware of its bright prospects.

    He said listing on the Accra bourse will also enable existing to shareholders to live as and when they choose to do so.

    Shareholders of the bank yesterday passed a resolution to enable the board raise 15 million Ghana cedis through private placement to recapitalize the business as well as a 10 million dollars debt from a development finance company Proparco.

    Source: Joy News/Ghana

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    Fidelity Bank to list on Ghana Stock Exchange by 2013