The transaction which comes after the Bank secured  the requisite regulatory approvals, positions the bank to become the first company since 2018 to pursue an equities-market IPO on the GSE, marking a potential return of major listings to the market.

If successfully completed, the listing would represent a significant milestone for Ghana’s capital markets, signalling strengthening investor sentiment and renewed corporate confidence in the Exchange as a reliable platform for mobilising long-term, patient capital for expansion and value creation.

GSE Managing Director, Abena Amoah, described the development as a strong endorsement of the Exchange’s ongoing reforms and market-deepening initiatives.

“We are pleased to welcome First Atlantic Bank on its journey towards listing on the Ghana Stock Exchange. This important step underscores growing confidence in our market and reinforces our commitment to supporting institutions to raise capital. We congratulate the bank and all the advisors who worked tirelessly to bring this transaction to fruition,” she said.

The proposed IPO is expected to open new investment opportunities for the public, enabling investors to acquire shares in one of Ghana’s established banking institutions. For First Atlantic Bank, the capital raised through the offer is anticipated to support growth initiatives, enhance lending capacity, and drive digital transformation investments.

Market analysts note that the planned listing could inject renewed momentum into the equities market, which has seen limited IPO activity in recent years due to macroeconomic pressures and global uncertainties.

The GSE continues to encourage companies across various sectors to tap the capital market as a strategic avenue for both short- and long-term financing.

As First Atlantic Bank progresses to the next phase of its IPO process, market observers are watching closely to assess its potential impact on market activity and broader investor participation.