Chris Boadi-Mensah
Companies that go public must see a stock exchange listing as a long-term partnership with investors, not just a way to raise money, the CEO of the National Pensions Regulatory Authority, (NPRA) Chris Boadi-Mensah, has said.
Speaking at the listing ceremony of Kasapreko PLC on the Ghana Stock Exchange on Monday, June 15, 2026, Mr. Boadi-Mensah urged Ghanaian businesses to adopt investor-friendly ownership and governance structures to attract institutional capital.
He told stakeholders that pension funds and other institutional investors prefer companies that show transparency, accountability, and a genuine willingness to share ownership with the public.
“Success in public listings globally often depends on founders and shareholders creating broad ownership opportunities for investors,” he said. Companies with narrow ownership and limited free float often struggle with liquidity and investor participation.
Broad free float arrangements improve liquidity and price discovery, making firms more attractive to institutions. “A sufficiently broad free float not only enhances liquidity and price discovery but also provides institutional investors with the confidence that they can participate meaningfully in the growth journey of the company,” Mr. Boadi-Mensah noted.
He added that firms embracing broad-based ownership and strong governance are better positioned to secure long-term capital and lasting investor relationships.
“Ghana’s expanding pension sector offers a key financing window for local businesses, he said. Pension assets under management reached GH¢120 billion by the end of Q1 2026, creating a substantial pool of domestic capital for productive investments,” he said. “The NPRA remains committed to promoting diversification within the pension industry and deeper participation in Ghana’s capital market.”
He encouraged more local firms to list, saying the current environment favors businesses ready for public ownership and accountability.
Mr. Boadi-Mensah commended Kasapreko PLC for opening itself to public investment and praised the Ghana Stock Exchange for new listing rules designed to boost market integrity and attract issuers.
Stronger collaboration between regulators, institutional investors, and listed companies is essential to building a deeper, more vibrant capital market that can drive Ghana’s long-term economic transformation, he concluded.
A Business Desk Report