Golden Star Resources (GRS), a gold mining company listed on AMEX and Toronto Stock Exchange, was officially listed on the Ghana Exchange Stock on Friday, February 15, 2008, having completed a Ghanaian Offer for Subscription in which 1,881,630 shares were sold to the investing public at GH¢3.00 each raising GH¢5.64million. The total issued shares of GSR listed Is 235, 426, 911.
In his welcome address, Mr. K.S. Yamoah, Managing Director of the GSE noted that Ghana’s capital market is only relevant if the private sector and state-owned enterprises are brought on board for greater growth and expansion with the consequent benefits, accruing to the larger society. This way, the Exchange is able to positively affect the lives of millions of Ghanaians and all other investors.
He said Government must urge mining companies to offer part of their shares to the Ghanaian public and in so doing list on the local Exchange as many of them have done already in the countries of their parent companies.
“The benefits of transparency, a large local investor base, among others will be crucial to our quest to create wealth for the average Ghanaian investor and reduce poverty in the country.” He noted.