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Discuss the requirements for listing of a company on the Ghana Alternative Exchange (GAX) relative to...

Discuss the requirements for listing of a company on the Ghana Alternative Exchange (GAX) relative to the first official listing requirements. How does the GAX operate?
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Answer #1

1. Minimum public float shall be 25% of total issue shares and 20% for public shareholders.

2. The minimum capital shall be 250000 Ghanian currency and this should be prior to listing.

3.The company has to submit three year plan and it should be viable.

4.the company shall not be profitable currently but it shall be able to generate profits prior to the 3rd year of listing.

The GAX operates via the Ghana Stock exchange and it supports a lot of startups, Working enterprises irrespective of small or medium.

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