The Ghana Stock Exchange has announced plans to double the membership over the next five years.
Managing Director Mr. Wkow Afedzie says it has not been easy getting more companies to list on the Stock Exchange.
Speaking to journalists at a public event, the GSE Managing Director revealed that though it has not been easy convincing more companies to list, they will continue to educate them on the need to list on the stock market.
He hinted at plans by GSE to partner with the Association of Ghanaian Industries and other stakeholders on this initiative.
”We’ve been trying g to get more companies to list on the stock exchange for a while. It has not been easy. We will keep on trying, using various strategies where we keep on educating, where we are forming a very strong alliance with the Association of Ghana Industries and other Associations in order to educate their members over the important long-term capital. That is what most Ghanaian companies need. If not, it becomes difficult for them to expand and grow.”
He added that we believe that going forward, we can double our number in five years. That is why our vision has always been, how do we get to 100, and market more liquid…We keep on working hard together”.
The Ghana Stock Exchange is the principal stock exchange of Ghana. The exchange was incorporated in July 1989 with trading commencing in 1990.
It currently lists about 39 equities and two corporate bonds. All types of securities can be listed.
By: Rashid Obodai Provencal/Rainbowradioonline.com/Ghana