The Ghana Securities and Change Fee (SEC) has stepped up efforts to draw diaspora and overseas funding to the nation’s capital market, because it maintains that the Ghana Inventory Change stays one of many best-performing exchanges in Africa.
A delegation from the Ghana Securities and Change Fee, led by Deputy Commissioner Mensah Thompson, mentioned increasing funding alternatives and strengthening financial hyperlinks between Ghana and worldwide traders with Ghana’s Ambassador to the US Victor Emmanuel Smith.
The convention centered on leveraging the improved efficiency of Ghana’s economic system and capital markets to extend the participation of Ghanaians residing overseas and overseas traders.
Through the assembly, Mr. Thompson stated bettering macroeconomic situations had been the principle driver and described the Ghana Inventory Change as among the finest performing exchanges on the African continent.
“The Ghana Inventory Change would be the finest performing alternate in Africa in 2024 and even within the first quarter of this yr, the alternate stays the very best performing alternate in Africa,” he stated.
He stated easing inflationary pressures and decrease rates of interest are making a extra engaging setting for traders looking for larger returns by means of shares and different securities.
“Now’s the very best time to put money into Ghana and you may earn better returns by means of the capital market, inventory market and different securities,” he added.
Ambassador Victor Emmanuel Smith welcomed the engagement and emphasised the significance of connecting rich diaspora communities and overseas traders with alternatives in Ghana.
“We will companion with a few of the greatest funds in the US and benefit from the alternatives that we’re offering again house,” he stated.
The Ambassador stated his workplace is working with the Ghana Funding Promotion Heart to arrange investor boards and displays in the US aimed toward selling Ghana’s funding local weather and incentives.
He additional emphasised the necessity to encourage extra abroad Ghanaians to put money into their house nation to create jobs and cut back youth migration.
“My focus is to deliver Ghanaians collectively and encourage individuals within the diaspora to take a position and return to their homeland to assist construct the nation,” he stated.
The SEC delegation additionally famous the rising curiosity amongst Ghanaians overseas in investing in regulated securities and government-backed initiatives.
Dorothy Yeboah Asiamah, SEC’s Director of Worldwide Relations, urged potential traders to solely use licensed and controlled funding platforms.
“We have now licensed brokers and funding schemes that enable individuals overseas to soundly put money into Ghanaian securities. We hope extra members of the diaspora will benefit from these alternatives,” she stated.
Different members of the SEC delegation included Peter McNamara, Emmanuel Darko, Richard Dusi, and Marilyn Ramiokou-Mills.
