The Cabinet has approved the listing of Graphic Communications Group Limited on the Ghana Stock Exchange.
The move forms part of efforts to recapitalise the state media outlet.
The Minister for Information, Fatimatu Abubakar, disclosed this when he paid a working visit at the company.
She explained that the move to list Graphic Communications on the Stock Exchange seeks to modernize the operations of the media outlet.
“Looking at the pros and cons, there was a Cabinet decision that it [Graphic Communications Group Limited] should be listed. In furtherance of that decision, the [Information] Ministry has been engaging the boards of the two agencies or companies and also engaging some of our key stakeholders to see how best we can execute the listing.
“There have been some speculations in the system saying that the president wants to sell the company to this private individual or the other but that is far from the truth.
“In fact, as we speak now, not a single investor has been approached or expressed interest. We are still going through the phase of engaging the services of a transactional advisor, opening it, and listing it, so we are saying it so that if you have an interest, you can even start preparing to see how best you can apply to acquire shares in the company.”
By: Rainbowradioonline.com/Ghana
