GNA - Eighteen State Owned Enterprises (SOE’s) will soon enlist on the Ghana Stock Exchange (GSE) to afford Ghanaians the opportunity to own shares in them.

British oil company Tullow Oil (GSE:TLW) on Tuesday announced that the sale of its assets in Uganda to Total has completed with the 500 million U.S. dollar consideration received earlier in the day.

Following the end of the tender offer and successful settlement of all tendering shareholders, PZ Cussons Ghana Limited (PZC) has been delisted from the Ghana Stock Exchange (GSE) effective 19th October, 2020. The offer results and de-listing have been approved by the GSE.

Managers of the Ghana Stock Exchange are worried by the number of erstwhile listed companies that have gone private over the past half a decade. Since 2017, eight companies have had their listing on the Ghana Stock Exchange cancelled or suspended or have on their own initiated their delisting from the local bourse.