Hearts of Oak is set to become the first Ghanaian side to be listed on the Ghana Stock Exchange following approval from the Securities Exchange Commission.

The premier league side who are marking their centenary were given approval after an initial application was faulted by the market regulator, the Securities Exchange Commission.

The Phobians are however expected to meet some conditions before going public.

But Board Chairman of the club, Commodore Mensah says they are working hard towards listing before the end of March.

Hearts of Oak are hoping to raise GHC 5 million by floating 10 million shares at GH 50 pesewas each.

Part of the money will be used to defray debts and the rest will go into infrastructure development.