• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, July 15, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Experts Call for Intensified Education for SMEs to Boost Market Listing

January 28, 2021
thevaultzby thevaultz
in Securities/Markets
0
Market Capitalization on the GSE Trends upwards

The Ghana Alternative Market (GAX) which is a special equity market for the listing of small and medium-sized enterprises (SMEs) has only five companies listed on it since its establishment in 2013 and as such experts have advised that there should be intensified education on stock markets to boost the confidence of such SMEs and startups in the market to list.

Samba Foods, Meridian Marshalls Holdings, Hords, Intravenous Infusions, as well as Digicut Production & Advertising are the five companies listed on the market. 

In total, these five listed companies hold 594.72 million shares valued at GH¢48.99 million on the stock exchange.

RelatedPosts

GSE Defies Low Turnover with Strong Index Growth and Billion-Cedi Market Cap

Interest Rate Hike: A Short-Term Threat to Ghana’s Stock Market Performance – Analyst Warns

GCB Bank Stumbles with 4.04% Plunge on GSE

This is quite worrying and some market watchers have described this outturn as disappointing against the high expectations when the GAX was created. Besides, the GAX targets SMEs and as such the listing requirements and rules are less demanding than the requirement for companies listed on the Ghana Stock Exchange (GSE}.

Additionally, unlike the GSE, where listed companies must have a minimum stated capital of GH¢1m, the GAX requires only GH¢250,000 and does not require that a company have a proven track record of profitability before listing.

Furthermore, listing and application fees are waived on the GAX. The GAX also announced a listing support fund in April 2018, which aims to provide companies with advisory services during the listing process.

“For some time now, the main exchange has not been active because there aren’t too many persons that have surplus to trade on the market, except the institutional investors. So if the stock market is suffering, naturally the alternative market would suffer,” William Mensah, an investment banker said.

Experts call for intensified education for SMEs to boost market listing

“Government should target the alternative market possibly with the 1D1F companies. Those companies under its special initiative that are seen to be successful can be made to list on the GAX as part of the condition for support under the 1D1F initiative,” he added.

Prior to the start of the financial sector crisis in September 2017, the GSE disclosed that there were SMEs which were prepared for listing on the market but this was unfortunately stalled during the sector’s clean up. 

However, the financial crises, was followed immediately by the coronavirus pandemic which has had great economic impact on businesses and livelihoods of individuals. As such most SME’s shy away from listing on the Market.

Experts call for intensified education for SMEs to boost market listing

Although, there is a resurgence of the coronavirus pandemic which appears to be more delicate than before, experts hope that with the boost in investors’ confidence at the start of the New Year, the GAX is likely to be revamped; so entrepreneurs should be looking to it for their capital requirements in the medium term. 

Experts, however, hold that to increase the number of listings on the market as well as to get more buying interest and trading to happen on the GAX, there is a need to deepen education on it.

Tags: EducationGhana Alternative Market (GAX)market listingSmall and Medium Enterprisesthe Ghana Stock Exchange
Please login to join discussion
Previous Post

Ghana’s LNG imports to rise to 1.2bcm in 2021- Fitch Solutions

Next Post

SONNIE BADU PETITIONS AKUFFO ADDO TO CHANGE K.I.A TO J.J RAWLINGS AIRPORT

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

President John Dramani Mahama
General News

Mahama Commits to Developing the Western North Region

July 15, 2025
Hon. Sammy Awuku, Fuel, Appointees
General News

Minority Labels Mahama’s Fuel Cut Directive a PR Gimmick

July 15, 2025
Burna Boy Worried Over Small Crowd at Wireless Festival
Entertainment

Burna Boy Retracts Afrobeats Comments

July 15, 2025
EU Launches Preparedness Union Strategy
Europe

Individuals, Entities Sanctioned For Destabilising Moldova’s Democracy

July 15, 2025
UK Ends Secret Afghan Relocation Scheme
UK

UK Ends Secret Afghan Relocation Scheme

July 15, 2025
COPEC Lauds Mahama for Ending Appointee Fuel Perks—Calls It ‘Forward-Thinking!’
Extractives/Energy

COPEC Lauds Mahama for Ending Appointee Fuel Perks—Calls It ‘Forward-Thinking!’

July 15, 2025
President John Dramani Mahama
General News

Mahama Commits to Developing the Western North Region

by Evans Junior OwuJuly 15, 2025
Hon. Sammy Awuku, Fuel, Appointees
General News

Minority Labels Mahama’s Fuel Cut Directive a PR Gimmick

by Silas Kafui AssemJuly 15, 2025
Burna Boy Worried Over Small Crowd at Wireless Festival
Entertainment

Burna Boy Retracts Afrobeats Comments

by Esther Korantemaa OffeiJuly 15, 2025
EU Launches Preparedness Union Strategy
Europe

Individuals, Entities Sanctioned For Destabilising Moldova’s Democracy

by Comfort AmpomaaJuly 15, 2025
UK Ends Secret Afghan Relocation Scheme
UK

UK Ends Secret Afghan Relocation Scheme

by Lawrence AnkutseJuly 15, 2025
COPEC Lauds Mahama for Ending Appointee Fuel Perks—Calls It ‘Forward-Thinking!’
Extractives/Energy

COPEC Lauds Mahama for Ending Appointee Fuel Perks—Calls It ‘Forward-Thinking!’

by Stephen M.CJuly 15, 2025
President John Dramani Mahama
Hon. Sammy Awuku, Fuel, Appointees
Burna Boy Worried Over Small Crowd at Wireless Festival
EU Launches Preparedness Union Strategy
UK Ends Secret Afghan Relocation Scheme
COPEC Lauds Mahama for Ending Appointee Fuel Perks—Calls It ‘Forward-Thinking!’
[/vc_row_inner]

Recent News

  • Mahama Commits to Developing the Western North Region
  • Minority Labels Mahama’s Fuel Cut Directive a PR Gimmick
  • Burna Boy Retracts Afrobeats Comments
  • Individuals, Entities Sanctioned For Destabilising Moldova’s Democracy
  • UK Ends Secret Afghan Relocation Scheme
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.