SEC to compel multinationals list on stock exchange

Business News of Wednesday, 25 February 2015

Source: myjoyonline.com

Accra Stock Exchange

The Securities and Exchange Commission (SEC) is pushing for a policy that will compel multinationals operating in the country to list on the Ghana Stock Exchange.

The move is part of the Commission’s plan of allowing Ghanaians to own part of these companies and encourage more companies to list on the local bourse.

SEC Director General, Adu Anane Antwi, said the current developments in the economy warrant this policy.

“As Ghanaians, we should be looking at how we can share in the profits of these multinationals”, he said, adding the move would be good for Ghana’s foreign exchange earnings.

According to him, when the policy is implemented some of the funds that leave the country in the form of profits from these multinationals would be retained.

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