General News of Tuesday, 4 June 2024
Source: Citi News
The Cabinet has approved the listing of Graphic Communications Group Limited on the Ghana Stock Exchange to recapitalize the company.
The move aims to modernize the media outlet's operations, addressing revenue shortfalls that have struggled to meet salary, pension, and end-of-service benefit commitments.
The Information Minister, Fatimatu Abubakar, clarified that no investor has been approached or expressed interest, and the process is still in its initial stages.
The listing aims to attract investors and improve the company's financial stability, dispelling speculation about a potential sale to a private individual.