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20.10.2008 Politics

Akufo Addo- I will protect corporate interest

By The Statesman

The flag bearer of the New Patriotic Party, Nana Addo Dankwa Akufo-Addo has assured businesses in Ghana that his government would continue to protect them and promote their interest to grow even in the era of world economic and financial crises.

He made this known when he paid a working visit to the offices of the Ghana Stock Exchange as part of efforts to identify himself with corporate Ghana and assure them of his support for continuous economic growth and business development in Ghana when he becomes the next president of the country.

Speaking at a press conference after a tour of the offices of GSE, Nana Addo  said one of his main objectives was  to ensure  that the stock exchange play a lead role in the West African market.

He said his visit was to also verify the impact of the world financial crises on Ghanaian businesses and companies as well as the GSE and the lessons the companies had learnt from it.

Nana Akufo-Addo also used the occasion to congratulate the Managing Director of Ghana Stock Exchange Kofi Yamaoh for branding the stock exchange and making it attractive to investors on the face of the world.

The Managing Director of the Ghana Stock Exchange, Kofi Yamaoh, also talked about the relevance of the exchange to the country's economy and issues affecting Ghana"s economy.

Mr. Yamaoh noted that the stock market ought to be often accessed to enable officials transform it and make it further attractive and to also help strengthen the capacities of Ghanaians companies.

On his part, the General Manager of the Ghana Stock Exchange, Ekow Afedzie, also said that developing markets and investment have for sometime slowed down due to the emergence too many farm managers in the markets.

He added that the stock exchange has been voted on three to four times as the best performing market and encouraged more Ghanaians and companies to join the market.

The General Manager noted that the stock exchanged had been automated to help facilitate their transactions and increase trading.

Speaking on cross trading, he explained that there was the need for the sub regional markets to link up and trade together to make the market large and attractive to foreign investors.