The capital market has been identified as a pivotal tool for national economic development and transformation, playing a crucial role in mobilizing financial resources, fostering investment, and facilitating economic growth. Industry leaders assert that the capital market allows individuals and institutions to invest in various financial instruments such as stocks, bonds, and mutual funds, leading to the accumulation of capital for productive investments across different sectors.
Speaking at the 13th edition of the Ghana Economic Forum in Accra, Ms. Abena Amoah, Managing Director of the Ghana Stock Exchange, stressed on the significance of the capital market in driving national economic growth. She noted that the market, encompassing both private and public financial sectors, serves as a vital mechanism for building business and personal wealth through investments in banks, the stock exchange, and fintech companies.
Ms. Amoah underscored the importance of leveraging the existing market to accumulate capital wealth, which in turn can attract foreign investment and enable indigenous companies to expand globally. She pointed out that effective policy transformations are essential for strengthening financial institutions and building a robust capital base, thereby enhancing the overall economic landscape.
“As businesses grow and expand, their value increases, leading to wealth creation for investors,” Ms. Amoah stated. “This wealth creation has a multiplier effect on the economy, stimulating further investment, consumption, and economic growth.”
The Ghana Economic Forum, an annual event, gathers key stakeholders from various sectors, including government officials, business leaders, academics, and civil society. The forum aims to address pressing economic issues, explore growth opportunities, and develop strategies for enhancing economic development. This year’s forum is themed “Unlocking Opportunities: Re-engineering Ghana’s Economic Model for Sustainable Development.”
The forum’s Focus Group sessions will delve into critical topics such as finance, tax, technology, infrastructure, and tourism, combining experience and innovative thinking to generate valuable recommendations for the country’s economic development goals.
