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Tullow to list on Ghana Stock Exchange July 2010

  • SOURCE: | Editor
  • Tullow Oil, one of the companies involved in the production of the country’s first crude oil in commercial quantities is set to list on the Ghana Stock Exchange in July this year.

    The oil exploration and production firm first announced its decision in January even though it did not say how much of its stock will be offloaded.

    Officials would still not say how much exactly will be made available to Ghanaians until the offer document has been completed.

    Tullow however says its decision to allow Ghanaians to own part of the company is an indication it is here for the long haul. It is also set to list in Uganda.

    The Ghana Stock Exchange says it is aware of Tullow’s plans and describes it as exciting.

    Managing Director, Kofi Yamoah tells Joy Business it is in line with plans to get as many of the foreign-owned companies to cede some ownership to Ghanaians through the stock market.

    Source: Joy Business/Myjoyonline.com/Ghana

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