Elizabeth Ofosu-Adjare, the Minister for Trade, Agribusiness, and Industry, has praised Kasapreko PLC’s listing on the Ghana Stock Exchange as a historic accomplishment that shows the tenacity, fortitude, and international competitiveness of Ghanaian-owned companies.
Speaking at the official listing ceremony in Accra on Monday, June 15, 2026, the Honourable Minister called the occasion a major turning point for Ghana’s capital market, pointing out that Kasapreko’s transformation from a small Nungua startup to a globally renowned manufacturer exporting to markets in Africa, Europe, Asia, the Middle East, and North America is an example of the potential of indigenous enterprise.
She disclosed that more than 18,000 Ghanaian investors bid an astounding GH1.73 billion in Kasapreko’s Initial Public Offer (IPO), which aimed to raise GH700 million. This represents a 146 percent oversubscription, the highest ever recorded by a locally owned manufacturing company on the Ghana Stock Exchange.
The Minister of Trade, Agribusiness, and Industry claims that the overwhelming reaction from investors is a sign of increased confidence in Ghana’s economy and the potential of domestic industries.
She underlined that Kasapreko is entering the stock market in a strong position and that the money raised will mostly be used to build a new production facility at Adeiso in order to grow its operations for soft drinks and bottled water.
According to Hon. Ofosu-Adjare, the government’s efforts to stabilise the macroeconomy, restore investor confidence, and engage the private sector in a systematic manner have created an atmosphere that is conducive to commercial success.
She emphasised programs like the Presidential Private Sector Dialogues and legislative changes that have assisted in resolving issues that manufacturers and exporters face.
The Minister went on to describe how the Ministry intends to boost industrial growth through programs like Feed-the-Industry, the upcoming Agribusiness Policy, and the resuscitation of the Made-in-Ghana Fair.
According to her, these actions are intended to increase local sourcing, foster value addition, promote competitiveness, and assist the development of more internationally successful Ghanaian businesses.
She mentioned that Ghana is spearheading initiatives within ECOWAS to address non-tariff trade barriers that impact manufacturing.
She mentioned that the 5th Meeting of ECOWAS Ministers of Trade and Industry’s talks and decisions were influenced by a recent ministerial visit to Kasapreko’s production facility.
She also praised the thousands of Ghanaians who made investments in the IPO, characterising their involvement as a powerful sign of support for the nation’s economic future.
She was optimistic that Kasapreko’s successful listing would encourage other local Ghanaian businesses to enter the capital market and help shape the country’s industrial development in the future.
According to Mr. Richard Adjei, Managing Director of Kasapreko Plc, the company’s listing on the Ghana Stock Exchange’s main market shows that Ghanaians are prepared to support local companies.
Additionally, he praised the Kasapreko company’s founder and group CEO for their vision and foresight and thanked all other partners for their contribution to the business over the last thirty years.
Source: newsthemegh.com