Ghana Stock Exchange celebrates 31st anniversary amid impressive run for 2021

The Ghana Stock Exchange (GSE) celebrated its 31st trading anniversary on the stock exchange floor by ringing the ceremonial bell with some dignitaries.

The dignitaries included the Minister of Public Enterprises, Mr. Joseph Cudjoe, Capital Market Regulator, Reverend Daniel Ogbarmey Tetteh, Chairman of the GSE Board, Ms. Abena Osei-Poku and the CEOs of listed companies and their representatives, brokers approved, and market players.

The theme of the 31st anniversary celebration was: “The digitization of stock market operations, a catalyst for the development of capital markets”.

Public Enterprise Minister Cudjoe said: “The national digitization agenda is on track and no sector should be left behind in this digital age. He also advised organizations to list on the exchange to improve their corporate governance and access patient capital to grow their businesses.

For his part, the Managing Director of the Securities and Exchange Commission, Reverend Tetteh said: “The regulator will continue to provide an enabling environment to support the digitization of the capital market and will also develop the relevant rules to guide the introduction of new products such as green bonds, asset-backed securities and other products. ‘

Ghana Stock Exchange Managing Director Mr. Ekow Afedzie said: “The Exchange has had no disruption to operations during the onset of COVID-19 since it has operated electronically for the past ten (10 ) last years. “

He said GSE started its digitization journey as early as 2009, where its transactions were fully automated and brokers traded virtually without going to the trading floor.

This, Mr. Afedzie said, won the Most Innovative African Stock Exchange Award by African Investor (Ai) in 2010.

Mr. Afedzie said that GSE will continue to invest in technology in this digitization journey to help improve its operations and contribute to the development of the capital market as well as make a significant contribution to the economy of Ghana.

“As of November 12, 2021, the GSE composite index had returned to 53.02%, with a market capitalization of 65.24 billion GHS. The bond market had traded at 178.76 billion,” he said. declared.

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