Tap GSE to raise capital – Abena Amoah urges corporate bodies

The Managing Director of the Ghana Stock Exchange (GSE), Abena Amoah, has encouraged businesses and corporations to utilize the GSE for raising patient capital to support their operations instead of relying primarily on debt. Amoah highlighted the strong performance of the GSE, which has seen a 73 percent year-to-date increase, making it one of the top-performing exchanges globally.

She noted that the GSE's liquidity and strong market activity in both equities and debt markets have attracted renewed investor interest, with the exchange recently welcoming First Atlantic Bank PLC, Zen Petroleum, and Kasapreko PLC as new members. Amoah also pointed out a significant surge in trading volumes and values, with retail investor participation growing substantially.

The updated GSE Sustainability Disclosure Guidance Manual, launched at this event, serves as a valuable tool for any company seeking to attract capital and operate sustainably, not just the 39 companies already listed on the exchange. The Acting Director-General of the Securities and Exchange Commission (SEC), Dr. James Klutse Avedzi, emphasized the importance of transparency in building investor trust and competitive advantage, urging companies to adopt the new manual for accurate disclosure of sustainability performance.

Magdalene Wust, from the Swiss Embassy, stressed that effective sustainability reporting can reduce capital costs and attract investment, while Douglas Kativu, the Africa Director of the Global Reporting Initiative, praised the GSE's efforts in sustainability reporting, emphasizing the growing importance of credible data for investors and businesses in building a robust capital market.