Managing Director of the Ghana Stock Exchange (GSE), Abena Amoah, has noted that the GSE has embraced technology as a vital tool, not just for operational efficiency but for expanding the scope of the country’s capital market.
Making the assertion during the launch of this year’s ‘Ring the Bell for Financial Literacy’ Campaign under the theme “Technology and Digital Finance: A Catalyst for Capital Market Growth,” Ms Amoah averred the GSE has improved its technology platforms and collaborated with some partners to launch digital trading tools such as TradeLive, Cedi manager, SecondSTAX and the GSE Market Watch portal for daily trading updates to increase market participation and encourage investment ‘on the go’ for investors.
“Technology isn’t just a tool—it’s a catalyst for exponential growth. By integrating digital solutions into the capital market, we are creating an ecosystem where more people can participate, businesses can raise capital more easily, and investors can diversify their portfolios in ways that were once unimaginable,” she posited.
Adding that, the GSE is currently “working closely with the Securities and Exchange Commission (SEC), and other regulators to ensure that technological innovation in the capital market sector is well-regulated and secure.”
Touching on the relevance of financial literacy towards increased market participation by investors and expansion of the capital market, Ms Amoah quipped technological advancements depend largely on financial literacy as the full potential of a digitalized capital market cannot be realized if the public lacks the knowledge or confidence to participate in the market.
The GSE, in a bid to boost financial literacy of the capital market among investors and particularly among students, has since 2022 in collaboration with the Young Investor Network, Central Securities Depository, and other partners have visited over 137 senior high schools and tertiary institutions, reaching out to over 65,000 students with three financial literacy programmes and 21,000 online training sessions.
“The financial literacy programmes have been used to also introduce digital investment and trading tools of our partners to the students, registering over 500 students to date,” she stated.
“In the last three years, educational tours to the Exchange have recorded 32 organizations with 1,521 individuals from a variety of institutions, including secondary schools, universities, and international delegations,” she added.
Concluding her remarks, Ms Amoah encouraged all stakeholders—investors, businesses, financial institutions, and regulators—to embrace technology as a powerful tool to create a more accessible, inclusive, and resilient financial ecosystem for development.
“Let’s work together to ensure that digitalization continues to serve as a catalyst for growth in Ghana’s capital market, unlocking new opportunities for innovation and prosperity for all Ghanaians,” she noted.
Every year, the GSE collaborates with the World Federation of Exchanges (WFE), International Organisation of Securities Commissions (IOSCO) and other Capital Markets Players to ‘Ring the Bell for Financial Literacy’ in commemoration of the World Investor Week.
The ‘Ring the Bell for Financial Literacy’ is a week-long, global campaign to raise awareness about the importance of investor education and protection.
Source: Norvanreports