GSE MD Makes History with Election to Global Capital Markets Board

The Managing Director of the Ghana Stock Exchange (GSE), Ms. Abena Amoah, has been elected to the Board of the International Capital Market Association (ICMA), becoming the first West African to hold such a position. This historic achievement signals a growing recognition of Ghana and West Africa’s emerging role in shaping global financial market standards.
Her appointment places Ghana firmly on the map of international capital market governance and reinforces the GSE’s rising profile among global peers. Ms. Amoah joins a select group of leaders who provide strategic oversight to the ICMA, a Swiss-based body representing institutions active in the world’s debt capital markets.
“This is not just a personal milestone but a strong statement about the progress of our markets in Ghana and the wider West African region,” said Ms. Amoah. “I am honoured to contribute to ICMA’s work and bring the voice of emerging markets to global discussions on sustainable and efficient capital markets.”
With over two decades of experience in financial market development, Ms. Amoah has played a pivotal role in expanding Ghana’s capital markets, including efforts to increase participation from SMEs and deepen investor confidence. Her leadership has been instrumental in positioning the GSE as a key player in West Africa’s economic transformation.
The GSE has described the appointment as a proud moment and reiterated its commitment to collaborating with international partners to promote inclusive and well-regulated financial systems.
ICMA’s board comprises senior executives from leading exchanges, investment banks, and financial institutions around the world. Ms. Amoah’s inclusion also aligns with ICMA’s push to integrate voices from emerging and frontier markets, making global capital flows more equitable and representative.
Her election is expected to open doors for deeper international cooperation, investor interest, and policy alignment that can benefit Ghana’s capital market reforms and the broader African financial ecosystem.