Ghanaian investors could start monitoring oil giant Tullow Oil Plc again as it readies itself to announce the date for listing on the Ghana Stock Exchange.
The company came close to listing in 2010 but halted the process to give way to the historic first oil production from the Jubilee field.
The majority shareholder in the Jubilee field in a statement last year said the listing would give Ghanaians a better chance to get on its share register and potentially share in its success.
Many investors interested in stocks are keenly monitoring when this would come to pass.
The Securities and Exchange Commission has said the processes leading to the listing have been completed and waiting for Tullow to communicate the exact date to list.
Communications Manager at Tullow Oil Ghana, Gayheart Mensah in an interview with Citi Business said the company is committed to listing on the Ghana Stock Exchange.
“We are still committed to list on the Ghana Stock Exchange. We didn’t want to mix the two issues, that is first oil production and listing. We decided to conclude or to finish with the first oil activities and then we look at the listing”.
“We are still in the first month of the New Year, discussion are still on-going as to exactly when and at the right time we would be able to make the public know exactly when the listing will take place”.
Tullow Oil owns 38% in Ghana’s Jubilee oil field, reputed to be the largest to be discovered in West Africa in the last 10 to 15 years.