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28.04.2004 General News

Ghanaians offer expertise to ECOWAS countries

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Accra, April 28, GNA - The Commonwealth Secretariat has appointed Dr Yeboa Amoa, former Managing Director of the Ghana Stock Exchange, as Consultant to towards the establishment of a Capital Market for Sierra Leone.

Dr Amoa's appointment was sponsored by the Secretariat under the Commonwealth Fund For Technical Cooperation.

The Economic and Legal Services (ELS) Department has been assisting Sierra Leone in the establishment of an appropriate regulatory framework for Capital Market Development in order to complement that country's private sector development and investment strategy.

The terms of reference of Dr Amoa as contained in the in his appointment letter made available to the GNA, included undertaking as assessment mission to Sierra Leone as part of ELS' team to carry out consultations with relevant officials and stakeholders.

The Letter said the team was to develop a plan of action to assist the Sierra Leonean Government in the development of an appropriate regulatory framework prior to the establishment of a Stock Exchange in that country.

It was also to advise on the development of the requisite measures including the enabling legal and regulatory framework and strategies to promote the development of Capital Markets.

Dr Amoa was recently given an Honorary Doctorate Degree in Law by the University of Ghana, Legon alongside Otumfuo Osei Tutu II, Asantehene and His Eminence Peter Cardinal Appiah Turkson, Catholic Arch Bishop of Cape Coast Diocese.

Dr Amoa was called to the Bar in 1969 and received the Akuffo Addo Prize of the Ghana Law School for being the best student of his class. He has been involved in finance and banking, especially Capital Market Development, the citation read at the Special Congregation to award him the Doctorate Degree said.

Dr Amoa was seconded from the Merchant Bank to become Member/ Secretary of the National Committee for the Establishment of Ghana Stock Exchange and when the GSE was eventually established he was appointed its First Managing Director for more than a decade.

During his tenure, he acquitted himself so well that the GSE received a number of international awards and was described at one time as the fastest growing Stock Exchange in sub-Saharan Africa.