{"id":71501,"date":"2024-04-21T16:31:26","date_gmt":"2024-04-21T16:31:26","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=71501"},"modified":"2024-04-21T16:25:25","modified_gmt":"2024-04-21T16:25:25","slug":"you-cant-list-an-unprofitable-company-on-stock-exchange-energy-expert-on-asantehenes-suggestion-to-privatise-ecg-vra-gridco","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/you-cant-list-an-unprofitable-company-on-stock-exchange-energy-expert-on-asantehenes-suggestion-to-privatise-ecg-vra-gridco","title":{"rendered":"You can\u2019t list an unprofitable company on Stock Exchange \u2013 Energy expert on Asantehene\u2019s suggestion to privatise ECG, VRA, GRIDCO"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>An energy expert, Kwadwo Nsafoah Poku, has stated that it is not feasible to list an unprofitable company on the Ghana Stock Exchange.<\/b><\/p>\n

According to him, such a venture will not yield the desired outcome.<\/p>\n

\u201cI agree with the Asantehene. There are many more state-owned enterprises that I think must be privatised. I am for the divestiture of some state-owned enterprises. However, before you can list them, the company should be making profit. You cannot list an unprofitable organization on the stock exchange,\u201d he said on Key Points, April 20, 2024.<\/p>\n

Mr Poku who is the Chairman of the Dr Bawumia\u2019s Manifesto Committee, said this in response to a suggestion by the Asantehene, Otumfuo Osei Tutu II that government should focus on formulating policies to improve various sectors of the economy.<\/p>\n

Privatise GRIDCo, VRA and ECG \u2013 Otumfuo tells govt<\/p>\n

Speaking during the commissioning of a 430-kilometre natural gas pipeline by Genser Energy, in Kumasi on Wednesday, April 17, he said \u201cIt\u2019s about time that the government realizes that it\u2019s not going to work for the government to be involved in setting up companies without involving the private sector, it doesn\u2019t work. The government should concentrate on policies and involve the private sector and you can attract more investors into the country which will create more employment.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. An energy expert, Kwadwo Nsafoah Poku, has stated that it is not feasible to list an unprofitable company on the Ghana Stock Exchange. According to him, such a venture will not yield the desired outcome. \u201cI agree with the Asantehene. There are many more state-owned enterprises that I think must be privatised. […]<\/p>\n","protected":false},"author":84,"featured_media":71500,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[5092,5096,429],"class_list":["post-71501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nYou can\u2019t list an unprofitable company on Stock Exchange \u2013 Energy expert on Asantehene\u2019s suggestion to privatise ECG, VRA, GRIDCO - Ghana<\/title>\n<meta name=\"description\" content=\"An energy expert, Kwadwo Nsafoah Poku, has stated that it is not feasible to list an unprofitable company on the Ghan ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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