GSE explores blockchain technology to modernise capital market

November 13, 2026

2 minutes read

Ms Abena Amoah(middle) together with Mr Tawiah (second from right) together with other dignitaries.

THE Ghana Stock Exchange (GSE) is positioning itself to embrace digital assets and emerging technologies, including blockchain and distributed ledger systems, to improve the efficiency and accessibility of the capital market, the Managing Director, Ms Abena Amoah, has stated.

The exchange, she said, was assessing the technologies to determine how best they could enhance trading, securities ownership and settlement while safeguarding investors’ funds.

Speaking at the GSE’s 36th anniversary celebration in Accra yesterday, under the theme, “Digital Assets and the Future of Capital Markets: Disruption, Opportunity and Regulation,” Ms Amoah said the exchange had consistently embraced technology to improve its operations.

She noted that the GSE would not adopt new technologies simply because they were fashionable but would ensure that every innovation protected investors’ assets.

Ms Amoah stated that the introduction of electronic trading in 2007 enabled stockbrokers to trade from different locations, while the digitisation of share ownership eliminated the need for physical share certificates.

She noted that the next phase of the exchange’s transformation would involve carefully assessing emerging technologies and working with regulators and market participants to determine which platforms could safely enhance the delivery of financial services.

The Managing Director also explained that the exchange was particularly interested in technologies that would enable investors to access investment platforms at minimal cost, securely hold their securities and easily verify ownership.

She stressed that investor confidence must not be compromised in the pursuit of technological advancement, cautioning against systems that could expose ownership records to manipulation or loss.

Delivering the keynote address, the Chief Executive Officer of Core Afrique Investment Limited, Mr Frank Sekyere Tawiah, underlined that Ghana risked losing control of its capital market to foreign digital investment platforms if it failed to adapt to the growing use of blockchain technology and tokenised securities.

He explained that international platforms were increasingly enabling investors in different countries to gain exposure to foreign shares and other financial instruments, creating competition for traditional stock exchanges.

Mr Tawiah said Ghana needed to urgently develop the infrastructure and regulatory framework to support digital securities.

“If we are not careful and take the necessary steps, we are going to have Robinhood at our doorsteps,” he stated.

According to him, the emergence of tokenised securities was changing the way financial assets could be issued, traded and settled, making it necessary for traditional exchanges to rethink their operations.

He said the developments could enable foreign platforms to reach Ghanaian investors without necessarily operating within the traditional structures of the local capital market.

Mr Tawiah, therefore, urged the GSE and other market institutions to explore the establishment of a parallel digital securities market while maintaining the existing trading system.

BY PRINCE ADDO FRIMPONG

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