Accra, Ghana —Kasapreko PLC, Ghana’s leading homegrown beverage manufacturer, today listed on the main market of the Ghana Stock Exchange (GSE) after successful completion of its Initial Public Offer (IPO).
The indigenous Ghanaian company raised GHS700 million through the issuance of 583,333,333 new ordinary shares at GHS 1.20 per share.
The Offer was conducted by Absa Bank Ghana LTD, Consolidated Bank Ghana LTD, and Databank Brokerage LTD acting as the Joint Lead Managers.
The IPO attracted bids from 18,781 qualified applicants totalling approximately 1.44 billion shares — representing subscriptions of GHS 1.73 billion — making the Offer oversubscribed by 146%.
This is the largest oversubscription ever recorded by a locally owned manufacturer in the history of the Ghana Stock Exchange.
The Board of Kasapreko, which bears sole responsibility for the allotment of shares under the Prospectus, approved a uniform allocation rate of 40.56% applied consistently across all investor categories.
All 18,781 applicants who subscribed to the Offer had their allotted shares credited to their Central Securities Depository (CSD) accounts on the Settlement Date, Friday, 5th June 2026.
Speaking at the listing ceremony in Accra, Board Chairman of Kasapreko PLC, Samuel Leslie Adetola, said: “The exceptional investor response to Kasapreko’s Initial Public Offer is a testament to the depth of confidence that both local and international investors have placed in this Company and its long-term prospects.
To have attracted nearly GHS 1.73 billion in subscriptions — more than twice the amount we sought to raise — from over 18,000 applicants across all investor categories is a truly historic outcome for Kasapreko and for Ghana’s capital markets.
What makes this listing particularly special is that it is not being undertaken to rescue a struggling company or to restructure financial obligations.
Usage of capital raised
The Managing Director of Kasapreko PLC, Richard Adjei rather said Kasapreko is coming to the market from a position of strength.
The capital being raised is intended largely to finance the construction of a new production facility at Adeiso to expand bottled water and carbonated soft drink production capacity, he stated.
Dr Kwabena Adjei’s proudest moment
In a short address, the Founder of the Kasapreko PLC, Dr Kwabena Adjei, described today’s listing as one of the proudest days in his life, saying, “Today is history. Today is our day”.
He traced the company’s journey, which began over 36 years ago in a small room in one mission to put Ghana on the global beverage map with quality, pride and integrity.
“We have more faith than capital. We have more dreams than equipment. We have more belief than doubts. But we never doubted that Ghanaians deserve world-class brands”, Dr Adjei told participants at the well-attended listing ceremony.
“Standing here today, Kasapreko PLC is officially listed on the Ghana Stock Exchange after exceeding our GHC700 million capital. I am humbled. Ghs700 million is not just a number; it is a vote of confidence. It is 700 million reasons why Ghanaians and foreign investors believe in the Ghanaian company”.
He pointed out that made-in-Ghana could compete, scale and create value, and urged Ghanaians to patronise local products and services.
Dr Adjei used to thank the investors for subscribing to the company, stressing that they did not just buy shares but they bought into a very powerful dream
“This is the day…”
In her welcome address, the Managing Director of the Ghana Stock Exchange, Madam Abena Amoah in a gospel song described the listing as “This is the day the Lord has made”.
Performance
She noted that the listing came during a period of exceptional performance in the main market. For instance, as of just last Friday, the GSE’s Compost Index was up almost 65%, building on three consecutive years of strong growth.
Even more striking for us at the Exchange is the number of trades executed on our equities market so far this year, till May. Over 457 thousand trades have been executed compared with only 63 thousand in the same period last year. This represents an increase of over 625%, and a lot of these interests are coming home to retail investors, Madam Amoah said.
“These figures reflect growing investor confidence, improving liquidity and broader participation across all sectors. Our bond mark is also rebounding, supporting both government and corporate financing. Some of the products we have introduced-commercial paper, green and sustainable bonds, OTC investments- are expanding opportunities, and we are beginning to see interest in them as well.”
However, beyond performance, the GSE MD acknowledged that when the trade infrastructure is growing so rapidly or interest in it is going rapid, they need to strengthen their market infrastructure.
That is why they are enhancing their technology, partnering with their fintech and brokers to put out more digital teams to meet those investors’ demand, Madam Amoah indicated.
Ghana’s Minister of Trade, Agribusiness and Industry, Mrs Elizabeth Ofosu-Adjare, who was the special guest of honour at the event, noted that strong companies do not emerge in a vacuum.
“They grow in enabling environments. H.E President Mahama’s administration’s deliberate focus on macroeconomic stabilisation, restored investor confidence, and structured private sector engagement has created the conditions for listings like this one to happen”.
What the government is doing
The Presidential Private Sector Dialogues has opened a direct, results-oriented channel between the business community and the highest level of government.
Kasapreko is itself a beneficiary, a specific operational challenge raised by the company’s leadership received the personal attention of His Excellency the President and was resolved, Mrs Ofosu-Adjare said.
More concretely, she said her Ministry’s engagement with the Bank of Ghana led to the extension of export proceeds repatriation timelines from 60 to 120 days, a critical measure for exporters managing cross-border cash flows.
The Ministry of Trade, Agribusiness and Industry is through our Feedthe-Industry, our forthcoming Agribusiness Policy, and the revival of the Made-in-Ghana Fair, is systematically building the policy scaffolding for the next wave of Kasapreko-class companies to emerge, scale, and list, according to her.
“We are focused on strengthening local sourcing linkages, incentivising value addition, enhancing industrial competitiveness, and opening new market corridors for Ghanaian manufacturers”.
Non-Tariff Barriers are costing Ghanaian manufacturers real money and real market share. To confront this head-on, the Minister convened an unprecedented joint Ministerial visit to Kasapreko last Friday, the first time a sitting ECOWAS Ministerial Meeting has gone directly to the factory floor to hear from industry.
Those concerns shaped the closing outcomes of the 5th ECOWAS Ministers of Trade & Industry Meeting. Ghana is no longer just raising the issues; we are leading the regional response.
To domestic investors, pension funds, and asset managers: Kasapreko represents the kind of asset that anchors long-term portfolio strategy, a company with proven export revenues, brand equity built over decades, and expansion capital deployed into productive capacity rather than balance sheet repair.
