The value of securities listed on the Ghana Stock Exchange (GSE) has soared past the GH¢400 billion mark, equivalent to approximately US$27 billion, according to the latest data from the bourse.
This achievement, representing around 39 percent of Ghana’s GDP as of March 2024, was highlighted by GSE’s Managing Director, Abena Amoah, during a media meeting organized jointly by the GSE and the Institute of Financial and Economic Journalists (IFEJ).
Amoah described the milestone as a significant step forward but emphasized the need for further growth, particularly in attracting a global audience.
“It is a step in the right direction, but we know that it should be more – especially in dollar terms as we seek to reach a global audience,” she stated.
The breakdown of market values shows that equities listed on the GSE are valued at GH¢84 billion, while the fixed income market holds a substantial GH¢328 billion.
However, corporate issuances remain minimal, constituting just 0.77 percent of the total value.
Addressing the dominance of public sector issuances, Amoah stressed the importance of increasing private sector participation. She also highlighted ongoing initiatives to attract more companies to list through IPOs and develop new financial products like a gold-backed ETF and real estate investment trusts.
The GSE plans to launch an over-the-counter (OTC) market by the end of June 2024, aiming to provide greater transparency and trading opportunities for over 100 public unlisted companies in Ghana, thereby enhancing capital raising efficiency.
