First Atlantic Bank PLC started to be listed in the Ghana Stock Exchange on December 19, 2025. This marks a rare new listing on the main market of the Stock Exchange. The IPO covered around 101.7 million shares, at a price of 7 cedi thirty pesewas each.

Listing puts an end to a long lull in the primary market activity on the GSE. The IPOs the most recent were those of Atlantic Lithium in May 2024 and Asante Gold Corporation in June 2022. Both were introduced as secondary ratings, rather than as capital raising offers.

First Atlantic Bank a declared that the proceeds from the IPO will be used to support regional expansion in West Africa, strengthening working capital and strengthen its capital base. Part of the offer also made it possible to provide liquidity to long-standing shareholders

Transactions started on the first day of quotation. Volumes were modest, but the share price increased to seven cedi seventy pesewas in relation to the offer price, reflecting the early demand from investors.

First Atlantic Bank operates as a universal bank in Ghana, offering banking services to businesses, individuals and digital banking services.

This quotation is the sign of a potential reopening of Ghana's capital markets after several years of calm. Investor appetite for bank shares is remained relatively resilient, supported by high interest rates, margins significant net interest rates and tighter regulations that have reduced the systemic risk since the sanitation of the Ghanaian banking sector. One Oversubscribed IPO suggests that investors national institutions and wealthy individuals are ready to allocate capital to profitable financial institutions, even in a context of wider macroeconomic pressure