GSE explores blockchain technology to modernise capital market
THE Ghana Stock Exchange (GSE) is positioning itself to embrace digital assets and emerging technologies, including blockchain and distributed ledger systems, to improve the efficiency and accessibility of the capital market, the Managing Director, Ms Abena Amoah, has stated. The exchange, she said, was assessing the technologies to determine how best they could enhance trading, … The post GSE…
The Ghana Stock Exchange (GSE) is exploring the implementation of blockchain and distributed ledger technologies to modernize its capital market, according to Managing Director Abena Amoah. Speaking at the exchange's 36th anniversary celebration, Amoah emphasized that the GSE would assess these technologies to improve trading, securities ownership, and settlement while ensuring investor protection.
She highlighted the exchange's previous technology adoption, such as electronic trading in 2007 and digitization of share ownership, and stated that the next phase would involve carefully evaluating emerging technologies in collaboration with regulators and market participants. Core Afrique Investment Limited's CEO, Frank Sekyere Tawiah, cautioned that Ghana risks losing control of its capital market to foreign digital investment platforms if it fails to adapt to the growing use of blockchain technology and tokenized securities.
He urged the GSE and other market institutions to explore the establishment of a parallel digital securities market while maintaining the existing trading system.
Brief written by urgent.news from Ghanaian Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
