The Cabinet of President Nana Akufo-Addo has green-lighted the Ghana Stock Exchange listing of the state-owned Graphic Communications Group Limited.

Information Minister Fatimatu Abubakar made the disclosure during a working tour of the state-owned media house, denying allegations that the president was scheming to sell the company to people close to his circle.

According to the minister: “Looking at the pros and cons, there was a cabinet decision that [Graphic Communications Group Limited] should be listed."

She added: "In furtherance of that decision, the [Information] Ministry has been engaging the boards of the two agencies or companies and also engaging some of our key stakeholders to see how best we can execute the listing."

She dismissed claims that the president is attempting to sell the company to his cronies.

“There have been some speculations in the system saying that the president wants to sell the company to this private individual or the other, but that is far from the truth," she noted.

“In fact, as we speak now, not a single investor has been approached or expressed interest," the minister insisted.

She said: "We are still going through the phase of engaging the services of a transactional advisor, opening it, and listing it, so we are saying it so that if you have an interest, you can even start preparing to see how best you can apply to acquire shares in the company.”