MTN’s Ghana unit up 4 pct on stock market debut -traders


ACCRA – The price of shares in MTN’s Ghana unit rose 4 percent to 0.78 cedis on its stock market debut on the Ghana bourse on Wednesday, traders and exchange managers said.
The Ghana unit of Africa’s largest mobile telecoms group began trading 1.5 million shares on the local exchange after an initial public offering that yielded about a third of its initial 3.47 billion Ghanaian cedi ($734 million) target.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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