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19.04.2007 Business & Finance

GOIL applies to list on the GSE

By myjoyonline

The Ghana Oil Limited (GOIL) is gearing up to list on the Ghana Stock Exchange (GSE).

Joy News can confirm that investors are also warming up as the state enterprise puts in its application.

News about GOIL getting on the stock exchange has been around for more than two years and assurance last year from the company has kept many investors anxious and waiting to own a part of the oil marketing company.
Joy News sources say Merban brokers have submitted the draft listing document on behalf of GOIL to the regulators, the GSE and the Securities and Exchange Commission for assessment.

GOIL is among major state enterprises that government intends to divest through the stock exchange.

Another major company is the State Insurance Company which has now separated its life business and incorporated it as a different entity all in preparation towards listing on the GSE.

Our sources say the document on GOIL is currently been considered and discussions will continue for a while before the final approval is granted.