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Kasapreko Company Limited to List on Ghana Stock Exchange through Historic IPO

Strategic Insights

— 2 min read

Ghana is on the cusp of a significant milestone as Kasapreko Company Limited, a leading indigenous beverage manufacturer, has confirmed plans to list on the Ghana Stock Exchange (GSE) through its inaugural Initial Public Offering (IPO). This move marks the first traditional IPO since 2018, when telecommunications firm MTN Ghana raised US$238.5 million. The listing will float up to 25% of Kasapreko's shares, opening a pathway for public ownership in one of Ghana's most prominent manufacturing brands. Kasapreko's Managing Director, Richard Adjei, has disclosed that the IPO is part of the company's broader strategy to optimize its capital structure and position itself for regional growth and market diversification.

Key Takeaways:

  • Kasapreko Company Limited is set to list on the Ghana Stock Exchange (GSE) through its Initial Public Offering (IPO), marking the first traditional IPO since 2018.
  • The company plans to float up to 25% of its shares, making it one of Ghana's most prominent manufacturing brands open to public ownership.
  • Kasapreko has posted a profit after tax of GHS137.7 million in 2024, up from GHS20.4 million in 2023, representing a year-on-year growth of 574 percent.
  • The company's revenue grew by 45 percent to GHS2.7 billion in 2024, driven by strong domestic sales and rising demand in export markets.
  • Kasapreko's momentum has continued into 2025, with a net profit of GHS47.2 million in Q1 compared to GHS16.6 million in Q1 2024, while revenue increased by 52 percent year-on-year.
  • The company's listing on the GSE is expected to enhance market depth and liquidity, improve corporate governance standards, and support government efforts to formalize and diversify the economy.
  • Kasapreko has successfully raised GHS350 million under a GHS600 million Senior Unsecured Fixed Rate Notes programme on the Ghana Fixed Income Market (GFIM) last year.
  • The company intends to use proceeds from the IPO to consolidate its position in Ghana, expand its product portfolio, and deepen its footprint across the continent.

Statistics:

  • Kasapreko's profit after tax has grown by 574 percent year-on-year from GHS20.4 million to GHS137.7 million.
  • The company's revenue has grown by 45 percent to GHS2.7 billion in 2024.
  • Kasapreko's revenue has increased by 52 percent year-on-year in Q1 2025.
  • The company has raised GHS350 million under a GHS600 million Senior Unsecured Fixed Rate Notes programme on the Ghana Fixed Income Market (GFIM) last year.
  • The GSE Composite Index has recorded a four-week gain of 7.92 percent and a year-to-date increase of 33.39 percent.

Sources:

  • Ghana Web, "Ghana Stock Exchange on course to record first IPO in seven years" (23 May 2025)
  • Kasapreko Company Limited, presentation at the "Facts Behind the Figures" session held at the GSE in Accra (no date mentioned)
  • Ghana Stock Exchange, announcement on the planned listing of Kasapreko Company Limited (no date mentioned)

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