Ghana Stock Exchange Named Best Stock Exchange in West Africa
The Ghana Stock Exchange (GSE) has been recognized as the best stock exchange in West Africa for its dedication to driving economic growth and sustainable development. Through strategic innovation and resilience, the GSE has introduced over-the-counter (OTC) trading services to facilitate capital raising for companies. This initiative provides a simplified entry point for businesses seeking funding.
The GSE has expanded its product offerings to include a commercial paper market for short-term financing and a sustainable market segment aligned with international ESG standards. These efforts demonstrate the Exchange’s commitment to supporting companies in accessing diverse financial instruments.
Furthermore, the GSE has prioritized financial literacy programs and technology-driven platforms to enhance market accessibility for a wide range of investors. Collaborations with government and key institutions aim to promote good governance, diversify the investor base, and encourage local participation in the stock market.
The Exchange’s long-term environmental, social, and governance (ESG) goals align with the Sustainable Stock Exchanges Initiative, showcasing its dedication to sustainable investment practices. The GSE’s Managing Director, Abena Amoah, expressed gratitude for the recognition, emphasizing the Exchange’s commitment to driving economic growth and innovation in Ghana and beyond.
Looking ahead, the GSE aims to create a robust and inclusive capital market that fosters corporate and economic transformation. By participating in regional and continental initiatives, the Exchange seeks to mobilize domestic savings for local projects, solidifying its position as a key player in Africa’s financial landscape.
The CFI.co Judging Panel congratulates the Ghana Stock Exchange on winning the 2024 award for Best Stock Exchange for Economic Growth in West Africa.
Source : thebftonline.com