- Frank Berle Leaves GSE Legacy in Trading, Settlement and Market Development
The Deputy Managing Director of the Ghana Stock Exchange, Mr Frank Yoofi Mensa Berle, has retired after a distinguished 22-year career at the Exchange.
His retirement took effect on June 3, 2026, according to a statement issued by the Ghana Stock Exchange.
Mr Berle joined the Exchange in January 2004 as Manager, Finance and Operations, and rose through the ranks to become Deputy Managing Director.
Over more than two decades, he played a central role in the growth, development and modernisation of the GSE and Ghana’s broader capital market.
The Exchange said Mr Berle served as part of its management team during a period in which the market recorded several important institutional and operational reforms.
These included the strengthening of internal control systems and financial reporting mechanisms, the enhancement of surveillance and compliance activities, and the automation of the trading and settlement system.
He also contributed to the establishment of the Clearing and Settlement Department and the creation of the GSE Securities Depository, as well as its subsequent merger with Central Securities Depository Ghana Limited.
Mr Berle was also involved in supporting the introduction of key market platforms including the Ghana Alternative Market, the Ghana Fixed Income Market, the Commercial Paper Market and the Over-the-Counter Market.
Those initiatives have helped broaden the range of instruments and market access points available to issuers and investors, extending the GSE’s role beyond its traditional equities market.
The Ghana Alternative Market was introduced to support small and medium-sized enterprises seeking access to long-term capital, while the Ghana Fixed Income Market has become a major platform for trading Treasury bills, government bonds and corporate bonds.
The Commercial Paper Market was also established to facilitate short-term corporate debt issuance, while the OTC Market supports trading in public non-listed securities.
According to the GSE, Mr Berle served in several critical functional areas, including Finance, Operations, Human Resource and Administration, Surveillance, and Clearing and Settlement.
The Exchange said his extensive experience, dedication and institutional knowledge contributed significantly to strengthening both the GSE and the broader capital market.
“Throughout his years of service, Mr Berle demonstrated exceptional professionalism, commitment and leadership, earning the respect of colleagues, market participants and stakeholders,” the statement said.
The Council, Management and Staff of the GSE expressed appreciation to him for his service and wished him success in his future endeavours.
“The Council, Management and Staff extend their sincere appreciation for his distinguished service and wish him every success in his future endeavours,” the Exchange said.
Mr Berle’s retirement marks the exit of one of the Exchange’s long-serving executives at a time when Ghana’s capital market continues to evolve through new products, digital infrastructure and efforts to deepen investor participation.
The GSE, established in November 1990, provides a platform for securities trading and capital mobilisation for companies, businesses and government.
Its current markets include the Main Market for large corporates, the Ghana Alternative Market for SMEs, the Ghana Fixed Income Market, the Commercial Paper Market, the Green and Sustainable Bond Market, and the Over-the-Counter Market.
