Ghana Stock Exchange says funds are available but projects are scarce
By the AFREEQUE newsroom, based on The Ghana Report
Ghana Stock Exchange managing director Abena Amoah said the Ghanaian capital market has sufficient funds but lacks bankable projects, calling on companies and state-owned enterprises to strengthen governance and develop investment plans. She was speaking at the Ghana Economic Forum, according to The Ghana Report.
The Ghana Stock Exchange has sufficient funds to finance businesses and major infrastructure projects, but lacks sufficiently prepared projects to attract this capital, Abena Amoah, managing director of the Ghana Stock Exchange (GSE), said at the Ghana Economic Forum organised by the Business and Financial Times.
Abena Amoah called on companies and state-owned enterprises to strengthen their governance and develop investment plans in order to mobilise long-term financing from Ghanaian and international investors. She said the market can offer five- or ten-year debt instruments as well as permanent capital, without systematically requiring physical collateral.
The GSE managing director cited financing opportunities in energy and infrastructure, including the expansion of Ghana Airports Company and investments in electricity generation. She believes opening these projects to the capital market would allow Ghanaian investors, the diaspora and international institutions to participate in their financing.
