Ghana’s oldest football club, Accra Hearts of Oak Sporting Club, will become the first football club to be traded publicly if its application to list on the Ghana Stock Exchange is cleared by the country’s Securities and Exchange Commission, SEC.

The SEC initially found inherent problems in the Club’s application but later gave the green light for the process to continue after satisfying itself that the exercise was following its rules.

The club is hoping to raise GH¢5 million by floating 10 million shares at 50 pesewas each. Part of the money will be used to defray debts and the rest will go into infrastructure development.

The Board Chairman of Hearts of Oak, Commodore Mensah is confident the club will work to meet all other conditions set by the market regulator and list on the local bourse by the end of March this year.