Two IPOs in Ghana

The GSE will add two new listings before the end of the year.

First is Transactions Solutions Ghana (Transol). Founded in 2003, Transol provides ATMs and electronic fund transfer infrastructure. Its estimated worth is $6.3 million. In 2006 it reported $380,000 in after-tax earnings.

Second is the Ghana Oil Company (GOIL). The company is Ghana's second largest oil marketer and its leading propane distributor. It sees opportunities with the completion of the West African Gas Pipeline and aspires to enter the aviation fuel market.

Recent results saw earnings increase 3% on a 39.6% increase in revenue.