3
Business News Fri, 4 Oct 2019

London Stock Exchange collaborates with GSE to develop capital markets

London Stock Exchange (LSE) is partnering with the Ghana Stock Exchange (GSE) to develop the capital markets.

The partnership with the LSE will help develop some of the capital markets infrastructure that can sustain and deepen the financial market.

Mr Adam Afriyie, the Prime Minister’s Trade Envoy, in an interview with the Ghana News Agency on the sidelines of a meeting with the Management of the GSE, commended the Vice-President, Dr. Mahamudu Bawumia for supporting the initiative.

The two bodies agreed to cooperate to build partnerships, deepen and tighten harmonization following a cooperation agreement on the sidelines of the second edition of the Ghana/UK Business Council Meetings in London in February 2019.

He said what the partnership seeks to do was to bring in the LSE and the GSE, so that Ghana can have access to a wide web of investment and access to financial input and capital.

He said hopefully, from these meetings “we can drive our expertise from the UK to help enhance the level of capital and investments coming into Ghana.”

He said on the ground, people would start accessing job opportunities because there were investments coming from overseas into Ghanaian companies.

He said this would be done through listings of Ghanaian companies on the GSE and LSE so that people overseas could invest in Ghanaian government initiatives.

“I will be delighted to see something like bonds from the diaspora; because there are a number of Ghanaians in the UK and the world at large so it will be gratifying for them to re-invest in companies in Ghana,” he added.

Source: 3news.com