The Ghana Stock Exchange (www.gse.com.gh) is to establish a separate market so that smaller businesses can raise capital for expansion. According to a report in Accra Daily Mail (www.accra-mail.com), Ekow Afedzi, Deputy Managing Director of the GSE, said the exchange would work with the Security and Exchange Commission (www.secghana.org) and could open the market by the end of the year. It is part of plans to attract more local businesses to list.
“We will create a special market for those companies: rural banks, small companies that want to use the market to raise more capital. Most often Ghanaian companies grow to a certain level and cannot expand anymore. We need to break that and get more companies to raise long term capital,” he said.