IFC and Ghana Stock Exchange partner to adopt sound business practices in capital market

The International Finance Corporation (IFC) the private sector wing of the World Bank is partnering with the Ghana Stock Exchange (GSE) to promote adoption of sound business practices within the capital market.

In a press release copied to ghanabusinessnews.com, the IFC said the partnership is one of the many interventions under its Africa Corporate Governance Programme intended to improve business performance on the continent.

“It will also help raise awareness of the cross-sectorial reach of activities and set a programme outline that will encourage improved policies, standard-setting, network events, and outreach programmes within the Ghanaian business community,” it said.

“GSE is committed to helping businesses access capital especially through listing on the Ghana Stock Exchange. One sure way for companies to stand out is by adopting sound practices that make them more attractive to local and foreign investors. We have partnered with IFC to help us achieve this goal and boost growth in our capital markets,” Kofi Yamoah, Managing Director of the GSE, was quoted as saying.

Commenting, the IFC Country Manager for Ghana, Ronke-Amoni Ogunsulire, said, “IFC is constantly seeking ways to help Ghanaian businesses grow so that they can contribute meaningfully to economic development. A key priority is to help companies adopt good corporate governance practices which will improve their performance and better access to investors. Working with GSE will help us support a wider range of businesses in adopting these practices.

By Emmanuel K. Dogbevi