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Gov’t hails Kasapreko’s GSE listing as industrial milestone

Gov’t hails Kasapreko’s GSE listing as industrial milestone

The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has described Kasapreko PLC’s listing on the Ghana Stock Exchange (GSE) as a milestone that showcases the strength and global competitiveness of Ghanaian businesses.

Speaking at the official listing ceremony in Accra on Monday, June 15, 2026, the minister said Kasapreko’s growth from a small Nungua start-up to an exporter across Africa, Europe, Asia, the Middle East and North America exemplifies the potential of indigenous industry.

She noted the company’s IPO, which sought GH¢700 million, drew GH¢1.73 billion in bids from over 18,000 local investors, a 146% oversubscription and the largest for a locally owned manufacturer on the GSE.

Mrs Ofosu-Adjare said the strong investor turnout reflects renewed confidence in Ghana’s economy and home-grown firms.

She added that proceeds will fund a new production facility at Adeiso to expand bottled water and soft-drink operations.

The minister credited government measures to stabilise the macroeconomy and deepen private-sector engagement for helping create an enabling environment for such listings.

She outlined ministry initiatives to boost industrialisation, including Feed-the-Industry, an upcoming Agribusiness Policy, and revival of the Made-in-Ghana Fair, and said Ghana is working within ECOWAS to remove non‑tariff barriers that hinder exporters.

She also praised the thousands of Ghanaians who participated in the IPO and urged other local companies to consider the capital market.

Kasapreko Managing Director, Richard Adjei welcomed the listing as proof of Ghanaian support for local businesses and thanked the company’s founder and partners for three decades of commitment.

Source: Vanessa Elizabeth Nkum

Posted by: Nana Ofori

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