Ghana’s equities market is set to gain a major positive momentum from government’s policy to permanently exempt taxes on capital gains on listed securities.

Mechanical Lloyd Plc (MLC) has announced a tender offer to purchase all its outstanding shares from shareholders as part of a process to delist the company from the Ghana Stock Exchange.

MTN Ghana (+1.27%) pushed the GSE Composite Index up by 11.74 points (+0.54%) to close at 2,178.03 with a 12.18% year-to-date return while the market capitalization increased by +0.22% to settle at GH¢56.91 billion.

Asante Gold Corporation (CSE:ASE/ FRANKFURT:1A9/U.S.OTC:ASGOF) engaged Black Star Advisors Limited of Accra Ghana to act as our Financial Advisor in connection with the Company’s proposed secondary listing on the Ghana Stock Exchange.