GSE named Best Stock Exchange for economic growth in West Africa
The Ghana Stock Exchange (GSE) has been recognized as the Best Stock Exchange for Economic Growth (West Africa) 2024 by Capital Finance International (CFI.co), a global print and online journal focusing on business, economics, and finance.
The accolade highlights GSE’s instrumental role in fostering economic growth and promoting sustainable development across Ghana and the West African sub-region.
According to a statement on CFI.co’s website, the GSE has consistently showcased innovation and resilience, advancing its offerings to meet evolving market needs. The introduction of over-the-counter (OTC) trading services is one such milestone, simplifying access for companies seeking to raise capital.
The Exchange has further expanded its portfolio with the introduction of a commercial paper market, enabling companies to secure short-term financing, and a dedicated sustainable market segment adhering to international Environmental, Social, and Governance (ESG) standards.
A Platform for Inclusive Growth
The GSE has established itself as a cornerstone for capital raising and investment by attracting diverse investor groups through financial literacy initiatives and leveraging technology to enhance market accessibility. Its commitment to fostering local participation and broader inclusion is evident in its strategic collaborations with the government and other key institutions to promote good governance and diversify its investor base.
The Exchange is also actively involved in global sustainability initiatives, such as the Sustainable Stock Exchanges Initiative, which champions sustainable investment practices worldwide. By embedding ESG goals into its long-term strategy, the GSE is driving corporate and economic transformation while maintaining a robust focus on environmental and social responsibility.
Aligning with Regional Ambitions
Positioning itself as a key player in Africa’s evolving financial landscape, the GSE aligns its goals with regional and continental initiatives aimed at channeling domestic savings into productive local investments. This forward-looking strategy reflects an ambitious vision of creating a vibrant, inclusive capital market that supports economic development while providing innovative investment opportunities.
Recognition by CFI.co
CFI.co’s annual awards celebrate excellence in business and finance, recognizing individuals and organizations that significantly contribute to the convergence of economies and add value for stakeholders. The award for the GSE acknowledges its exemplary performance and innovation, serving as an inspiration for other exchanges in the region to enhance their own offerings and practices.
This achievement underscores the GSE’s growing influence as a driver of economic progress and a facilitator of sustainable investment within West Africa and beyon
