GSE attains full membership status at World Federation Of Exchanges
THE Ghana Stock Exchange (GSE) has been admitted to full membership of the World Federation of Exchanges (WFE).
This was on September 28, 2022, at the federation’s 61st Annual General Assembly held in Malta.
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The WFE is a non-profit organisation which has the objective to contribute to the development, support and promotion of organised and regulated securities and derivatives markets to meet the needs of the world’s capital markets in the best interests of their users.
A release issued by the GSE said: “As a full member of the federation, the GSE will benefit from the WFE’s work done by its various working committees as well as from the interaction with other members to further develop the stock market in Ghana to increase its relevance and contribution to the Ghanaian financial sector eco-system and the economy at large.
Membership of the association will also boost investor confidence in the Ghanaian market as we support the government to make Ghana a gateway to Africa and a global financial hub.”
In his remarks, the Managing Director of the GSE, Ekow Afedzie, said: “This is another milestone chalked up by the exchange, and becoming a full member of the WFE is a testament to our commitment to adhering to the highest international standards and best practices to move this exchange from a frontier to an emerging market status.”
It said, GSE looked forward to taking advantage of every opportunity available to members to develop the market.
Side bar
- The Ghana Stock Exchange (GSE) was established in November 1990 with the mission to provide an efficient securities market for national economic development through access to capital and investment.
- Since then, GSE has facilitated the mobilisation of long-term capital by corporate bodies, businesses, and the government, and provided a reliable platform for the trading of issued securities.
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- There are three markets created under the GSE brand: the Main Market; Ghana Alternative Market (GAX) for SMEs and Ghana Fixed Income Market (GFIM) for trading of government and corporate bonds.