GIPA CEO urges businesses to tap capital market
According to him, the capital market provided an important alternative source of financing, particularly as access to long-term capital remained a key challenge to private sector development.
Simon Madjie, CEO of the Ghana Investment Promotion Authority (GIPA), has emphasized the importance of Ghanaian businesses utilizing the capital market for long-term financing, enhancing corporate governance, and promoting sustainable growth. He emphasized that the capital market offers an essential alternative source of funding, especially as obtaining long-term capital remains a significant hurdle for private sector development.
Madjie delivered this message as the Special Guest of Honor at the Ghana Fixed Income Market (GFIM) Admission and Note-Listing Ceremony held at the Ghana Stock Exchange in Accra. The event celebrated PETROSOL Platinum Energy PLC's successful inclusion in the GFIM and the debut of its bond issuances under a GHS200 million bond program.
Madjie hailed this transaction as a crucial milestone, showcasing how Ghanaian businesses can employ the capital market to fund expansion and bolster competitiveness. He also highlighted the expanded role of GIPA under the GIPA Act 2026 (Act 1173) to assist Ghanaian enterprises in pursuing international expansion. Madjie urged businesses to investigate novel financing avenues to fuel their growth and expansion across Africa and beyond.
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- GIPA CEO urges businesses to tap capital market myjoyonline.com
