Take advantage of listing support fund for SMEs – GSE to entrepreneurs

The Ghana Stock Exchange is urging businesses to take advantage of the available opportunities on the capital market to raise funds to boost their operations.

Deputy Managing Director of the GEE, Abena Amoah, hinted that the establishment of the listing support fund is to attract small businesses to list on the market without any financial hindrance.

She therefore encouraged entrepreneurs to make use of the fund and list on the market.

Speaking to Joy Business after business incubation firm, Pesewa One, listed on the alternative market of the GSE [GAX], Ms. Amoah said the exchange will support the company with equity capital to grow its business as well as enhancing corporate governance.

She used to occasion to call on SMEs to access its support opportunities available to aid their listings on the market.

Pesewa One becomes the first company to appear on the GSE by listing on the alternative market for the year 2021 despite challenges faced with covid-19.

According to the company, it is open for more support in its areas of operation to be able to grow more micro businesses.

Chief Executive of Pesewa One, Dr. Prince Abbey believes that the move will inspire other SMEs to consider the GAX market.

“Our main goal is to inspire other entrepreneurs and let them know that micro and small businesses can grow in Ghana and become international giant”.

“We have not listed by IPO but we hope to come back to raise some funds in the medium term although our main focus now is to encourage others [businesses] and improve the corporate governance of the company”, she pointed out.

Pesewa One is the 6th company to list on the GAX since the creation of the Ghana Alternative Market.

Source: Ebenezer Sabutey