 Ghana´s Stock Market Setting Examples
Three of these banks, the Ghana Commercial Bank, Standard Chartered Bank and the Social Security Bank are all listed on the Ghana Stock Exchange (GSE). Established in 1990, the GSE has listed 21 companies.
"We have been praised for being one of the dynamic stock markets in the world, but we are yet to see much more action", says GSE Managing Director, Mr. Yeboa Amoa.
Mr. Ken Ofori-Atta, Executive Chairman of Databank, a very active investment bank on the Stock Market believes that Ghana’s financial industry has the unique opportunity to take the leadership mantel with regards to the financial services in the West African sub-region. | 
He believes however that the government will have to take certain steps including opening restrictions, off-shore banking and financial transactions. "All of those would be critical to people feeling that Ghana is the destination because in the sub-region we have a sense of trust, hospitality and safe haven. We speak English which is critical in financial services, so if we can combine that with aggressive liberalization and promotion, I suspect that in 5 to 10 years Ghana would be the destination and gateway to West Africa."
Currently, GSE has embarked on a strategic plan to enter into agreements with the Johannesburg and Nigerian Stock Exchange to create a big African market. Yeboa Amoa however says talks are going on about the creation of a West African Stock Market, a market that will eventually merge all the stock markets of both the English and French speaking countries to fulfil the demand of an African Economic Union by 2034. |
GHANA
