Afedzi: GSE, LSE partnership'll boost investor interest

The Ghana Stock Exchange has said its partnership agreement with the London Stock Exchange will boost the GSE by enhancing its trading activities with immense investor interest.
Speaking at a press briefing, the Managing Director of the Exchange, Mr Ekow Afedzi, said the agreement signed by President Nana Akufo-Addo in January this year, is expected strengthen the bond market as well.
He said: “What it means is that, we are going to work together to develop the Ghana Stock Exchange”.
“Three key things will happen: They are going to assist us to move or migrate from what we call the frontier market to an emerging market. Once you become an emerging market, you become more attractive to potential investors, especially the big institutional investors outside; secondly, we are going to work on how to develop the bond market, especially the local currency market; thirdly, they will assist the SEC to implement the capital market development plan that has been developed.”
Mr Afedzi advised the media to stop sensationalising their reports with respect to the operations of the GSE, since it has the propensity of pushing away investors.
The GSE Composite Index ended the first month of 2020 with a year-to-date of -2.66%, far better than the last two years.
Market capitalisation declined by -2.63% to GHS56.7 billion.
Source: ClassFMonline.com
Trending Business
Ghana Gold Board fully implements new licensing regime to curb illegal gold trade
01:08Ghana bags $3.9bn Chinese investment in ten years- GIPC CEO hints
14:34Oti Regional Minister confirms economic shutdown in Nkwanta amid renewed tribal clashes
12:06Gov't operationalises 24-hour economy today
04:51Agric Minister secures FAO support to deepen agricultural transformation agenda
11:23CEMSE boss slams PURC over sudden 2.45% tariff hike
11:15Akyem Maase residents protest GH¢13,000 demand by ECG after power outage
10:28UNDP, NIC challenges young innovators to transform access to insurance in Ghana
08:28ARDA executives visit Ghana to learn from NPA’s regulatory model
15:34Asiedu-Nketia chairs GHPA board
13:11