MARKET

Barclays Bank has indicated that it is now considering request to list on the Ghana Stock Exchange.

The bank earlier this year ruled out the option of listing on market citing other pressing issues that it has to focus on. 

Government had earlier this year indicated that it is working on indigenization policy that could see all the multinationals operating in the country list on the local bourse.

According to government, this would to ensure that Ghanaians can benefit or cream part of the profits of these foreign firms operating in the country.

Speaking to Joy Business at the opening of its ultra-modern branch at Osu in Accra, Chief Executive of Barclays Bank Africa, Mizinga Melu said they want to complete certain things first before looking at the stock market.  

"We have not taken anything off the table, but rather assess all the opportunities in growing our business, not only for Ghana but other units in the  African  region,  this is because we have made commitments in these markets to improve  return on equity and  reduce our cost to income ratio."

Source: myjoyonline

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