The West African Capital Markets Integration Project being funded by the African Development Bank under its Capital Markets Development Trust Fund, seek to integrate the capital markets in West Africa.
She said the move formed the strategic plan of the GSE to increase trading and get more companies to list on it.
Ms Amoah said the goal of GSE was to position the Accra bourse as preferred medium in the country and the sub-region for companies to raise capital to finance their business operations.
“Ghana’s market is one of the significant markets in Africa with total market capitalisation of more than GH₵65 billion, constituting about 11 per cent of Ghana’s Gross Domestic Product,” said the Managing Director of GSE.
MsAmoah said GSE was engaging the private and companies to list on the Accra bourse.
“We are working with the government to get more State-Owned Enterprises (SOEs) to list on the GSE and we hope we can attract a lot of other private companies,” the Managing Director of GSE stated.
The Managing Director of GSE said she was hopeful the GSE would be able to double the size of its equities and increase the number of listed companies in the medium term, saying “We have done our work, we have created the market, we have shown that there is money to be invested.“
Ms Amoah disclosed that the private pension fund had more than GH₵50 billion to be invested and SOEs and private companies could take advantage of that to raise capital to finance their business operations.
BY KINGSLEY ASARE
