Databank acts as sponsoring broker for inaugural listing on the Ghana Alternative Market (GAX)

Databank Brokerage Limited (DBL), Ghana‘s leading brokerage house, has once again accomplished another ‘first’ in the securities market – Sponsoring Broker of the first security to be listed on the Ghana Alternative Market (GAX).

The GAX is a parallel market operated by the Ghana Stock Exchange (GSE) that is focused on companies in growth mode.

Earlier this month, DBL sponsored Izwe Loan’s inaugural listing on the GAX. In addition to being the first listing on the GAX, the listing was also the first cedi-denominated debt security to be listed by a Non-Bank Financial Institution (NBFI) in Ghana.

Founded in 1991, DBL is the brokerage arm of the Databank Group and a key player in the investment banking industry. Supported by Databank’s research hub, DBL has played key roles in listing securities on the Ghana Stock Exchange.

Source: BusinessGhana – Ghana, Business Advice, Jobs, News, Business Directory, Real Estate, Finance, Forms, Auto.