Ghana’s World-Leading Stock Rally Fuels Prospect of Bank IPOs

A world-leading rally on Ghana’s stock market and an improving economy are likely to encourage lenders to plan initial share sales, according to the head of the nation’s bourse.

First Atlantic Bank Plc and Zen Petroleum Holdings Plc sold shares in the past six months, while beverage producer Kasapreko Plc will list next month. More banks will list in the “foreseeable future,” Ghana Stock Exchange Managing Director Abena Amoah said in emailed response to questions.