BoG Governor: Ghana needs deeper capital market to finance long-term growth

Bank of Ghana Governor Dr Johnson Pandit Asiama has called for the development of a deeper and more inclusive capital market to help Ghana access long-term financing for sustainable economic growth. Asiama emphasized that while banks remain central to financing the economy, a stronger capital market would provide businesses and government with access to a broader pool of long-term capital, supporting savings and investment.

The launch of the Central Securities Depository’s (CSD) investorConnect platform was highlighted as a step towards digital transformation, enabling investors to access their securities information directly through web and mobile applications, reducing their dependence on intermediaries. However, Asiama noted that digital access alone would not guarantee increased investment participation, as affordability, product availability, investment advice, trading access, and financial literacy would continue to influence participation.

Brief written by urgent.news from 3News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.