Vanguard Assurance to list on the GSE

Citi Business News has gathered that Vanguard Assurance will soon list on the Ghana Stock Exchange as efforts to increase the bourse liquidity deepen.

Vanguard Assurance which is into Life and Non-Life insurance is expected to make an Initial Public Offering (IPO) soon to enable prospective investors take advantage of the offer and subsequent listing.

“What we have discussed so far is the prospect of Vanguard Assurance and I believe if they should fast track their processes, we should possibly see a public offer as far as they are concerned,” Managing Director of the Ghana Stock Exchange, Kofi Yamoah told Citi Business News.

The Ghana Stock Exchange is currently prospecting for companies under the Ghana Alternative Market geared at SME’s.

“We have had very firm indications from about six of such companies; once they get the ball rolling as in passing the necessary boardroom resolutions, and appointing advisors then they will begin to run as far as the process is concerned; and for that, I believe if not end of year, probably we are looking at the first quarter of 2014,” said Mr Yamoah