The State Interests and Governance Authority (SIGA) hosted a strategic meeting with the Ghana Stock Exchange (GSE) recently in its office in Accra. The session focused on advancing the listing of selected state-owned enterprises (SOEs) on the GSE, aligning with Ghana’s broader economic transformation agenda.
The meeting underscored SIGA’s commitment to enhancing the financial viability of SOEs by facilitating their access to capital markets. Director-General Prof Michael Kpessa-Whyte emphasized the importance of considering local capacities in the listing process to prevent strategic assets from falling into foreign hands. He stated, “We have to be careful that we do not list some of our strategic assets whereby they may fall into foreign hands. So we have to make sure that we have the local capacity so that when you are listing these organisations, our local entrepreneurs and local institutions must take them up”
The GSE, represented by Managing Director Abena Amoah, expressed readiness to support this initiative, highlighting the Exchange’s role in providing a secure and reliable platform for market participants.
The collaboration between SIGA and the GSE aims to foster good governance and diversify the investor base, encouraging local participation and broader inclusion. This initiative aligns with the GSE’s commitment to driving economic growth and supporting sustainable development in Ghana and beyond
The meeting concluded with a shared commitment to work closely on the listing process, ensuring that the selected SOEs meet the necessary requirements and standards. This partnership marks a significant step towards enhancing the performance and profitability of SOEs, ultimately contributing to Ghana’s economic development.
