From Bloomberg

Ghana’s stock exchange, which had Africa’s best-performing index in 2013, may have three share listing this year as the market expects the rally to continue, Managing Director Kofi Yamoah said.

Vanguard Assurance Co. may become the third insurer on the exchange as it considers an initial public offering, Yamoah told reporters at the bourse in the capital, Accra, today. Agricultural Development Bank Ltd., a state-owned lender, may also list shares and Mega African Capital, a private investment company owned by Accra-based Oak Partners Ltd., may sell stock by March, he said.

“We are still talking to local companies to consider the market and over time we will see the fruits,” Yamoah said. “We expect the flow of funds from private pension funds onto the market to be steady.”

Written by Moses Mozart Dzawu | Read more at Bloomberg