The Ghana Stock Exchange (GSE) says it will leverage technology and digital innovations to enhance the ease of transacting on the local bourse as it seeks to develop a robust, globally competitive and an inclusive capital market.
At the launch of its 34th anniversary in Accra, the exchange announced a strategic plan that would see the local bourse forge strong partnerships with fintechs to develop digital products that will enhance competitiveness and attract new investors to the capital market.
“The current process of listing on the market is very difficult and cumbersome; so we are partnering with fintechs to develop a solution that would expose person potential investors and persons with saving to a gourmet of investment products on the stock exchange,” its managing director, Ms. Abena Amoah, told journalists.
According to GSE boss, the digital tools to be rolled onto the exchange would enable investors and persons with savings to buy financial products such and insurance and collective investment schemes.
She added: “Tools like these are important for the capital market as they would enhance operations on the bourse and ensure that every Ghanaian hold their wealth in a well-regulated investment environment.
The extensive adoption of technology according to the GSE will also streamline the process of raising capital from the stock market thereby increasing investor participation on the domestic market.
Ms. Amoah further stressed that embracing digitization will empower the stock exchange to drive the rapid transformation of the economy.
The digital platform will have special features for gaming—where user can play games and use tokens—as well as educational tit-bits on investments to prevent investors from falling prey to fraudulent schemes
GSE’s 34th anniversary celebration is on the theme “Leveraging digital technologies for inclusive digital market growth”.
By Patrick PAINTSIL
