Ghana introduces a new electronic platform to boost trade among investors

December 17, 2018 5:14 PM

The government of Ghana plans to introduce an electronic platform in 2019 that will enable investors to use mobile money to buy shares and trade on the secondary market.

World Bank Headquarters

This follows an announcement made by the Ghana Stock Exchange (GSE).

The Chief Executive Officer of the GSE, Kofi Yamoah, revealed that the intervention will be part of measures the government wants to implement to boost activities in the capital market moving forward.

Mr Yamoah whiles speaking to reporters disclosed that discussions would soon begin between some of the telecom operators and the GSE to make the initiative a success.

He said, “What we want to do moving forward is for both the technical team of the Stock Exchange and the telecom operators to meet and develop a strategy which will be reviewed subsequently.”

He further added that “The GSE is looking at building upon what MTN did in their latest IPO such that we keep up the momentum.

Not only with Initial Public Offerings like the one MTN did, but with emphasis on the secondary market, we want to make it easier and convenient for whoever wants to trade on the market to do it with the platform.”

Berlinda Entsie Berlinda Entsie a reporter at Pulse.com.gh/bi/. She reports on all your business related issues and always ready to promote your business through amazing reportage.

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