The National Development Planning Commission (NDPC) and the Ghana Stock Exchange (GSE) are set to collaborate on initiatives that will strengthen the role of capital markets in Ghana.
This partnership aims to mobilise domestic resources, promote economic growth, and increase Ghanaians’ participation in the economy.
Dr. Nii Moi Thompson, the Chairman of the NDPC, made this known during a courtesy call on Madam Abena Amoah, the Managing Director of the GSE, in Accra.
Dr Thompson, also the Senior Presidential Advisor on the UN Sustainable Development Goals (SDGs), said the NDPC and GSE would play a collaborative role in mobilising billions of cedis for businesses and infrastructure development.
It was imperative to support private investors to mobilise billions of cedis for businesses and infrastructure development to deepen and expand the activities of the exchange market, Dr Thompson stated.
That, he said, would also give Ghanaians a greater stake in the Ghanaian economy through ownership of shares in various companies.
“Currently, we remain tenants on our own land, as the largest and most lucrative parts of the economy are dominated by non-Ghanaians”, Dr Thompson observed.
The NDPC Chair noted that foreign investors must be given incentives to partner Ghanaians, while strengthening policy for purposeful transfer of world-class technology and management practices to the Ghanaian private sector.
Madam Amoah, on her part, noted that the capital markets were crucial to mobilising private finance for economic development, including infrastructure provision.
She said lack of well-structured investment opportunities in Ghana had compelled many Ghanaians to invest billions of dollars annually in various investment schemes abroad.
She thus pledged the GSE’s commitment to deepen collaboration with the NDPC by supporting policy research agenda with relevant data in many of its programmes to promote economic growth and development.
The partnership between the NDPC and the GSE aims to reduce foreign dominance in the economy and promote local participation.
This is expected to have a positive impact on Ghana’s economic development, promoting economic growth, and increasing Ghanaians’ participation in the economy.
GNA
