Managing director of the Ghana Stock Exchange, Abena Amoah, has stated that Ghana intends to quadruple its stock market from its current position of GH65 billion to GH130 billion.
She contends that the stock market is essential to the economy and that efforts must be made to boost Ghana’s market’s competitiveness in order to draw investors to the capital market.
The GSE MD joined demands for the integration of the capital market in the African sub-region while speaking to attendees at a sensitization workshop for phase two of the West African Capital Market Integration.
“The Ghana market is one of the significant markets in Africa. Our equity market has a capitalization of about GH¢65 billion and we are looking to double that, move from the 40 listed companies that we have to about 100 and by joining other markets in Africa we can leverage by learning from each other,” Amoah is quoted by citibusinessnews.com.
She additionally asked those involved in the financial sector to coordinate their efforts with those of other African markets in order to strengthen the region’s equities markets.