Mahama congratulates Kasapreko PLC on successful GSE listing

President John Mahama visited Kasapreko PLC on Thursday to commend the company for its successful listing on the Ghana Stock Exchange (GSE). Kasapreko PLC, a Ghanaian business with a 38-year history, officially entered a new phase following its listing on June 15, 2026. The initial public offering (IPO) attracted approximately GH¢1.72 billion in investor demand, with a subscription rate of 246 percent. This substantial demand makes it one of the most successful public offers in recent Ghanaian capital market history.

Mahama acknowledged concerns that Ghanaian companies fear listing on the Stock Exchange due to potential loss of control. However, he emphasized that Kasapreko has thrived since listing, raising GHC700 million, which it is investing in a new factory at Adeiso. The President expressed pride in seeing such growth and job creation, stating that it gladdened his heart to witness young people gainfully employed.

Mahama recalled his visit to Kasapreko 11 years ago when the company was smaller, marking its inauguration of Production Line Three. Today, the same factory has expanded to Production Line 8, producing a wide range of products for both domestic and foreign markets. The President described Kasapreko as a proud Ghanaian brand and a model for other indigenous enterprises to follow.

The President highlighted Ghanaian entrepreneurs' capacity to build successful manufacturing businesses and compete effectively with foreign-owned companies. He recalled the initial perception that industry and manufacturing were reserved for Lebanese, Indians, and Chinese, with trade being the domain of others. Mahama emphasized that Ghanaian entrepreneurs could also achieve similar success.

He noted that new industries are emerging under the Government's 24-Hour Economy initiative, while existing businesses are expanding production due to an improved economic environment. The government is exercising fiscal discipline and creating space for the private sector to grow. Mahama outlined two key initiatives under the Resetting Ghana Agenda to support industrialization: the 24-Hour Economy initiative and the Accelerated Export Development Programme, which he chairs.

He also mentioned the reoriented Ministry of Trade, Agribusiness, and Industry, now tasked with broader industrial development responsibilities.

Mahama commended Elizabeth Ofosu-Adjare, the Minister of Trade, Agribusiness, and Industry, for her efforts in bringing industry's concerns and challenges to the government's attention for resolution.