The Ghana stock exchange could see two local companies list via initial public offers by 2015 as the west African bourse try to jumpstart activity in a market that has underperformed other frontier markets for the last three years.

Ghana Stock Exchange Managing Director Kofi Yamoah told Bloomberg Agricultural Development Bank, a state-owned lender, and Africa Atlantic Holdings, a corn grower in Ghana’s Eastern region, are preparing to list their shares.

Bloomberg reported that the exchange is also in talks with Intravenous Infusions, a manufacturer of pharmaceutical products, and Juaben Oil Mills, a grower and processor of palm, to list on the Alternative Market that targets smaller companies with financial difficulties.

In April another firm Mega African Capital held the first initial public offering on the exchange in almost seven years.

Stocks in West Africa’s second-biggest economy are headed for the lowest returns in three years as the country struggles to narrow a budget deficit and the cedi’s 28 percent slide against the dollar this year pushes inflation to a four-year high.

“What the stock market is experiencing is the difficulties in the macroeconomics front,” Yamoah told Bloomberg “If Ghana can pull through both in the short- and medium-term, then we expect attention to refocus on the capital market.”

Ghana’s 35-member GSE Composite Index gained 11 percent in 2014, less than MSCI FM Frontier Markets Index’s 17 percent rally.