 |
| GSE display board |
The Ghana Stock Exchange (GSE) has joined hands
with Venture Capital Trust Fund to support small businesses wanting to
list on the local bourse.
This has seen the two institutions sign a memorandum of understanding on Tuesday to formalize the partnership.
The arrangement will see the two institutions set up a revolving fund with a seed capital of one million dollars to take care of the listing expenses of small firms.
Managing Director of the Ghana Stock Exchange Kofi Yamoah tells Joy Business this should make it easier for small enterprises to come onto the exchange
Chief Executive of the Venture Capital Trust Fund, Daniel Doku on his part says the arraignment should provide an exit strategy for its investments in some of these firms.
The Ghana Stock Exchange plans to establish a separate market for small businesses and start ups by June this year.
The Ghana Alternative Exchange will specifically would be dedicated to start ups and with flexible listing requirements.
This has seen the two institutions sign a memorandum of understanding on Tuesday to formalize the partnership.
The arrangement will see the two institutions set up a revolving fund with a seed capital of one million dollars to take care of the listing expenses of small firms.
Managing Director of the Ghana Stock Exchange Kofi Yamoah tells Joy Business this should make it easier for small enterprises to come onto the exchange
Chief Executive of the Venture Capital Trust Fund, Daniel Doku on his part says the arraignment should provide an exit strategy for its investments in some of these firms.
The Ghana Stock Exchange plans to establish a separate market for small businesses and start ups by June this year.
The Ghana Alternative Exchange will specifically would be dedicated to start ups and with flexible listing requirements.
Source: Joy Business
No comments:
Post a Comment