Akufo-Addo pays working visit to GSE


President Nana Addo Dankwa Akufo-Addo on Tuesday August 25 paid a working visit to the Ghana Stock Exchange (GSE) in Accra.

The visit according to Mr Akufo-Addo, was to afford him the opportunity to ascertain how the GSE  and the Bog have been impacted by the ravages of the coronavirus pandemic and to find out how best he can support the Exchange.

The president told the workers of the GSE that “All of us are aware that a robust and strong stock exchange is usually a very good mirror and reflection of a strong market economy.  So whatever can be done to strengthen the exchange is inevitably tied up to what we can do to strengthen the economy.”

He added “We have in the last four or five months gone through some very harrowing times not just here in Ghana but the entire world.

“It has had a major impact on the economies of virtually all the nations in the world. The stock exchange is one of the critical instruments for growing a country’s economy and thereby growing the possibility of the people becoming more prosperous. I think it is important that those of us who have to make decisions affecting the economy have a clear idea of what is going on here.

“That is the main reason I came here to find out the impact of the COVID-19 pandemic on your activities, where you are in terms of growing the exchange and what obviously government on kits part can do  to assist the process of getting Ghana a really stock exchange.”

The Managing Director of the Ghana Stock Exchange (GSE) told the president that his visit makes it the first time a sitting president has familiarized himself with the operations at the Exchange in this way.

He said “This is the first time we have a sitting president coming to the floor to witness what goes on here, so you are welcome. GSE will be 30 years this year. As am exchange we made some modest achievements, we have created trade markets, we have only 40 companies listed on the main market

He added “All pour operations are electronic, we have won two afterwards in the last decade as the most innovative stock exchange in Africa.”

Source: Laud Business


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