GSE to establish a separate market for small businesses

The Ghana Stock Exchange is to establish a separate market for small businesses.

The market which is set to begin operations by the close of this year is designed to serve small businesses wanting to use the exchange to raise capital.

Deputy Managing Director of the Stock Exchange Ekow Afedzi tells Joy Business this is part of the plans to attract more local businesses to list on the Accra bourse.

“We will create a special market for those companies; rural banks, small companies that want to use the market to raise more capital.

“Together with the Security and Exchange Commission we will work together to create a market that will serve that group of companies.

“Most often Ghanaian companies grow to a certain level and cannot expand anymore. We need to break that and get more companies to raise long term capital," he said.