{"id":4392,"date":"2024-04-22T06:45:07","date_gmt":"2024-04-22T06:45:07","guid":{"rendered":"https:\/\/sotnews.agency\/?p=4392"},"modified":"2024-04-22T06:45:07","modified_gmt":"2024-04-22T06:45:07","slug":"you-cant-list-an-unprofitable-company-on-stock-exchange-energy-expert-on-asantehenes-suggestion-to-privatise-ecg-vra-gridco","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=4392","title":{"rendered":"You can\u2019t list an unprofitable company on Stock Exchange \u2013 Energy expert on Asantehene\u2019s suggestion to privatise ECG, VRA, GRIDCO"},"content":{"rendered":"
\n
\n \t<\/i> Read Time:<\/span>1 Minute, 47 Second <\/div>\n\n <\/div>

An energy expert, Kwadwo Nsafoah Poku, has stated that it is not feasible to list an unprofitable company on the Ghana Stock Exchange.<\/strong><\/p>\n

According to him, such a venture will not yield the desired outcome.<\/p>\n

\u201cI agree with the Asantehene. There are many more state-owned enterprises that I think must be privatised. I am for the divestiture of some state-owned enterprises. However, before you can list them, the company should be making profit. You cannot list an unprofitable organization on the stock exchange,\u201d he said on Key Points, April 20, 2024.<\/p>\n

Mr Poku who is the Chairman of the Dr Bawumia\u2019s Manifesto Committee, said this in response to a suggestion by the Asantehene, Otumfuo Osei Tutu II that government should focus on formulating policies to improve various sectors of the economy.<\/p>\n

Privatise GRIDCo, VRA and ECG \u2013 Otumfuo tells govt<\/a><\/p>\n\n

Speaking during the commissioning of a 430-kilometre natural gas pipeline by Genser Energy, in Kumasi on Wednesday, April 17, he said \u201cIt\u2019s about time that the government realizes that it\u2019s not going to work for the government to be involved in setting up companies without involving the private sector, it doesn\u2019t work. The government should concentrate on policies and involve the private sector and you can attract more investors into the country which will create more employment.<\/p>\n

\u201cVRA and others are all government establishments, let\u2019s give it out and diversify them into the private sector and get more money there and get the right people to do it. GRIDCo and others let\u2019s give them the money and get the qualified people, diverse government from it and let them work. Electricity Company is in a situation where we don\u2019t know, but that also must be diversified and given to the private sector,\u201d The Otumfuo suggested.<\/div>\n
<\/div>\n
However, Mr Poku said the financial performance of these organisations must be improved significantly in order to attract the needed investors when listed on the Ghana Stock Exchange.<\/div>\n
<\/div>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

The post You can\u2019t list an unprofitable company on Stock Exchange \u2013 Energy expert on Asantehene\u2019s suggestion to privatise ECG, VRA, GRIDCO<\/a> first appeared on 3News<\/a>.<\/p>

\n
\n \n
\n \n \"Happy\"\n <\/a>\n
\n Happy <\/div>\n
\n 0<\/span>\n \n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Sad\"\n <\/a>\n
\n Sad <\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Excited\"\n <\/a>\n
\n Excited <\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Sleepy\"\n <\/a>\n
\n Sleepy <\/div>\n
\n 0<\/span>\n \n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Angry\"\n <\/a>\n
Angry<\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n \n <\/div>\n <\/div>\n\n
\n \n \"Surprise\"\n <\/a>\n
Surprise<\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n <\/div>\n <\/div>\n\n ","protected":false},"excerpt":{"rendered":"

An energy expert, Kwadwo Nsafoah Poku, has stated that it is not feasible to list an unprofitable company on the Ghana Stock Exchange. According to him, such a venture will… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-4392","post","type-post","status-publish","format-standard","hentry","category-business"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/4392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4392"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/4392\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}