Beverage Maker Kasapreko to List on Ghana Stock Exchange in Major IPO
TLDR
- Ghana’s largest indigenous beverage maker, Kasapreko PLC, will list 25% of its equity shares on the Ghana Stock Exchange (GSE) by the end of 2025
- That would mark the first major public offering on the exchange since MTN Ghana’s IPO in 2018.
- The company reported a 574% jump in net profit after tax in 2024, rising from GHS 20.4 million to GHS 137.7 million
Ghana’s largest indigenous beverage maker, Kasapreko PLC, will list 25% of its equity shares on the Ghana Stock Exchange (GSE) by the end of 2025, marking the first major public offering on the exchange since MTN Ghana’s IPO in 2018. The move will raise the total number of GSE-listed companies to 38.
CEO Richard Adjei confirmed board approval during a presentation at the GSE’s “Facts Behind the Figures” event, describing the equity listing as a natural progression after the firm enters into the GSE’s Fixed Income Market. Kasapreko aims to use the listing to raise capital for continental expansion.
The company reported a 574% jump in net profit after tax in 2024, rising from GHS 20.4 million to GHS 137.7 million. Revenue climbed 45% to GHS 2.7 billion. That momentum has continued into 2025, with Q1 results showing a 52% revenue increase and 184% surge in profit.
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Key Takeaways
Kasapreko’s upcoming IPO signals renewed confidence in Ghana’s capital markets and a rare traditional public listing after a 7-year drought. It also reflects growing investor appetite for fast-growing local firms with pan-African ambitions. With strong fundamentals and dominance in the beverage sector, where it holds nearly 45% of Ghana’s market, Kasapreko offers compelling growth potential. Its exports to 16 African countries and aggressive expansion into Nigeria position it well for broader regional impact. The IPO could act as a catalyst for other private Ghanaian companies to tap into public equity markets and bolster the GSE’s goal of deepening market participation.
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