Stock Exchange MD lauds government over plans to list VRA, GRIDCO

The managing director of Ghana Stock exchange, Kofi Yamoah says government’s plan to list the Ghana Grid Company Limited (GRIDCo) and Volta River Auth

The managing director of Ghana Stock exchange, Kofi Yamoah says government’s plan to list the Ghana Grid Company Limited (GRIDCo) and Volta River Authority (VRA) on the Ghana Stock Exchange (GSE) is a good initiative.

President AkufoAddo during his maiden Stare of the Nation’s address announced that GRIDCo and the VRA will be listed on the Stock Exchange as part of a master plan to strengthen the lower sector and open competitive bidding for power capacity procurement, thus reducing the cost of power projects and ensuring value for money.

This Mr Kofi Yamoah has observed will help inject enough capital into the two entities and raise enough revenue to drift them from the losses incurred by the two bodies over the years.

He is also hopeful that more interest groups and individuals could acquire shares to transform them into profit making entities.

“The president in his address said he has a master plan. If a company is not doing well and is listed on the stock exchange the shareholders will ensure that it works well and generate a lot of profits and revenue. A lot of persons will also acquire shares and increase their dividends”, he said.