The Institute of Economic Affairs’ Director of Research, Dr. John Kwakye, urges the Ghana Stock Exchange to move away from upholding colonial concepts and instead address the ownership concerns related to the nation’s mineral resources.
Dr. Kwakye emphasizes that prioritizing ownership issues is essential. These remarks come in light of the Ghana Stock Exchange’s collaboration with various stakeholders to create climate finance and carbon trading instruments.
“Please let’s sort out ownership of our mineral first before you start talking about listing on the GSE. Don’t just propagate colonial concepts. The colonial African is even more dangerous than his colonial master,” he wrote on X on December 13, 2023.
The Managing Director of the Ghana Stock Exchange (GSE), Abena Amoah, has revealed the exchange’s intention to collaborate with the Ghana Carbon Market Office of the Environmental Protection Agency (EPA), along with all capital market stakeholders and the business community.
The goal is to thoughtfully develop climate finance and carbon trading mechanisms that will attract domestic, regional, and international capital to support the country’s just transition targets by 2070.
Amoah made this announcement during the inaugural GSE Ring the Bell for Climate Change initiative, dedicated to highlighting and celebrating issuers on the GSE market that have implemented innovative technologies to address climate change in Ghana.
With an estimated requirement of approximately $562 billion, Ghana aims to finance its energy transition and achieve a net-zero emission target by 2070. This ambitious objective aligns with the National Energy Transition Framework, which aims to decarbonize the energy sector.