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05.01.2005 Business & Finance

Govt Will Encourage More Listings On GSE

PRESIDENT ASSURES INVESTING PUBLIC

President Kufuor has assured the investing public that his government will continue to support the stock exchange as a major source of funding for the private sector.

He said the Government would also encourage other companies to list on the exchange through government policies and programmes.

Delivering the State of the Nation address yesterday, the President said the performance of the Ghana Stock Exchange (GSE) had made the country to be rated among the top few stock exchanges in the whole of Africa.

He noted that the listing of AngloGold-Ashanti had raised the Ghana Stock Exchange's operation to a new pedestal with greater international acknowledgement.

On the remittances from Ghanaians resident abroad, President Kufuor said such remittances were the most gratifying endorsement of the Government's policies and programmes.

Ghanaians resident abroad increased their remittances from US$400 million in 2001 to US$2 billion last year.

He said much of such remittances was servicing the Private Sector, which was attracting new companies such as AngloGold Ashanti and Newmont Mining Company, two leading gold mining companies in the world.

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