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The Ghana Stock Exchange (GSE) has been awarded the title of Best Stock Exchange in West Africa by CFI.co, recognizing its pivotal role in driving economic growth and advancing sustainable development across Ghana and the region.
In a statement, CFI.co commended the GSE for its strategic innovation and resilience, which have propelled significant advancements, including the launch of over-the-counter (OTC) trading services. These services offer a simplified entry point for companies seeking capital, broadening access to financial markets.
The GSE’s expansion of its product portfolio was also highlighted, featuring:
- A commercial paper market that facilitates short-term financing for businesses.
- A dedicated sustainable market segment aligned with international Environmental, Social, and Governance (ESG) standards.
As a critical platform for capital raising and investment, the GSE caters to a wide range of investors through initiatives such as financial literacy programs and technology-driven platforms that enhance market accessibility. Its collaboration with government entities and key institutions underscores its commitment to good governance, diversification of the investor base, and the promotion of local participation.
Further solidifying its dedication to sustainability, the GSE is an active member of the Sustainable Stock Exchanges Initiative, contributing to global efforts to promote sustainable investment practices.
Abena Amoah, Managing Director of the GSE, expressed gratitude for the recognition:
“We are honored to be recognized by CFI.co as the Best Stock Exchange for Economic Growth in West Africa 2024. This award reflects our unwavering commitment to fostering economic growth, innovation, and opportunities for our stakeholders. It inspires us to continue driving excellence and empowering businesses in Ghana and across the region.”
The GSE’s forward-looking strategy centers on building a robust and inclusive capital market that catalyzes corporate and economic transformation. By aligning with regional and continental initiatives, the GSE aims to channel domestic savings into productive local investments, positioning itself as a key player in Africa’s evolving financial landscape.
The CFI.co Judging Panel congratulated the Ghana Stock Exchange for its exceptional contributions, presenting the 2024 award for Best Stock Exchange for Economic Growth (West Africa) as a testament to its excellence.
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