Ghana Stock Exchange Is 3rd Biggest

Charles Cofie, a Council Member of the GSE supported by Ian Springett to ring the bell to signal commencement of trading

The Ghana Stock Exchange (GSE) became the third biggest stock exchange in Africa last Wednesday, July 27, 2011 after Johannesburg Stock Exchange (JSE) and the Nigerian Stock Exchange (NSE) when Tullow Oil Plc listed approximately 3.5 million shares valued at GH¢27.6 billion on the Accra Bourse.

The market capitalization of the GSE shot up from GH¢20.4 billion ($13.6 billion) to approximately GH¢48 billion ($32 billion). Tullow Oil thus becomes the biggest listed firm on the Accra Bourse.

Kofi Yamoah, Managing Director, officially admitting Tullow onto the exchange, said the listing of the oil giant will bring immense benefits to the Accra Bourse.



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