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Ghana Stock Exchange

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Ghana Stock Exchange

Overview:

The idea of establishing a Stock Exchange in Ghana lay on the drawing board for almost two decades prior to its implementation. In February 1989, the issue of establishing a stock exchange moved a higher gear when a 10 - member National Committee, under the Chairmanship of Dr. G.K. Agama, then Governor of the Bank of Ghana, was set up by the Government. Other members of the Committee were:

   Dr. Kobina Erbynn - Former Chief Executive, GIPC
   Mr. N. K. Kudjawu - Kudjawu & Co, Accra
   Nana Wereko Ampem II (Late) - Former Chairman, Barclays Bank of Ghana Ltd
   Mr. Afare Donkor - Former Managing Director, CAL Bank
   Mrs. S.Beata-Ansah - Ex Managing Director, HFC Bank Ltd
   Mr. E. J. A. Aryee (Late) - Former Managing Director, NTHC Ltd
   Dr. J. K. Richardson - Former Managing Director, BAT Ghana
   Mr. S. Y. Osafo-Maafo - Former Managing Director, National Investment Bank
   Mr. Yeboa Amoa - Who became the Exchange's first Managing Director

The work of the committee was to consolidate all previous work connected to the Stock Exchange project and to fashion out modalities towards the actual establishment of the Exchange. As a result of the work of the committee, the Stock Exchange was established in July 1989 as a private company limited by guarantee under the Companies Code of 1963. It was given recognition as an authorized Stock Exchange under the Stock Exchange Act of 1971 (Act 384) in October 1990. The Council of the Exchange was inaugurated on November 12, 1990 and trading commenced on its floor the same day. The Exchange, changed its status to a public company limited by guarantee in April 1994.

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