{
  "id": 13037545,
  "title": "Mahama congratulates Kasapreko PLC on successful GSE listing",
  "url": "https://urgent.news/2026/10/09/mahama-congratulates-kasapreko-plc-on-successful-gse-listing",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-09T04:52:00.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/mahama-congratulates-kasapreko-plc-on-successful-gse-listing/"
  },
  "original_language": "en",
  "account": "President John Mahama visited Kasapreko PLC on Thursday to congratulate the company on its successful listing on the Ghana Stock Exchange (GSE). Kasapreko, which has been in operation for 38 years, officially entered a new chapter in its history with the listing on June 15, 2026. This was a result of a landmark Initial Public Offering (IPO) that attracted approximately GH¢1.72 billion in investor demand, representing a subscription rate of 246 percent. The listing is considered one of the most successful public offers in recent Ghanaian capital market history.\n\nMahama explained that many Ghanaian companies are hesitant to list on the Stock Exchange due to fears of losing control. However, he emphasized that Kasapreko's experience disproved this notion. Since listing, the company has raised GH¢700 million, which it is investing in a new factory at Adeiso. Mahama expressed confidence that Kasapreko will open even more factories, creating jobs for young people.\n\nThe President noted that Kasapreko's growth is a proud example of Ghanaian entrepreneurship and a model for other indigenous enterprises to follow. He recalled his visit to Kasapreko 11 years ago when the company was smaller and had inaugurated Production Line Three. Today, Kasapreko has expanded to have Production Line 8, producing a wide range of products for both domestic and international markets.\n\nMahama highlighted the Government's efforts to encourage businesses to invest and expand, creating more employment opportunities for Ghanaians. He recalled visiting Kasapreko when it was smaller and expressed pride in seeing the company's growth. The President emphasized that Ghanaian entrepreneurs have the capacity to build successful manufacturing businesses and compete effectively with foreign-owned companies.\n\nHe also mentioned that new industries are emerging under the Government's 24-Hour Economy initiative, and existing businesses are expanding production due to an improved enabling economic environment. The Government has introduced the 24-Hour Economy initiative and the Accelerated Export Development Programme, chaired by Mahama himself. He also praised the Ministry of Trade, Agribusiness and Industry, now renamed to give greater attention to industrial development, for working to bring industry's concerns and challenges to the Government's attention.",
  "summary": "President John Mahama on Thursday paid a working visit to Kasapreko PLC, commending the Company for its successful listing on the Ghana Stock Exchange (GSE)",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}