Governor Asiama Reveals Programme to Increase Commercial Bank Listings on Local Bourse
Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has revealed that plans are underway to encourage more commercial banks in the country to list on the Ghana Stock Exchange (GSE).
Speaking during the IMF/World Bank Governor Talk Series themed “From Crisis to Confidence: Ghana’s Journey to Macroeconomic Stabilization,” Dr Asiama noted that the central bank is taking deliberate steps to deepen the participation of financial institutions in the equity market.
“You know, out of 23 banks we have barely just about five or six that are listed on the Ghana Stock Exchange. But we have agreed on a programme,” Dr Asiama stated.
“We set up a small committee to get more and more of the banks listed on the Ghana Stock Exchange. That way it’s a win-win. We would have greater amounts of long-term, what they call patient capital, and at the same time, we’ll be putting some life back into equities on the Ghana Stock Exchange,” he added.
Dr Asiama underscored that increased listings by banks would not only enhance transparency and corporate governance within the financial sector but also boost liquidity and investor confidence on the local bourse.
IMF Photo/Alyssa Schukar
Meanwhile, the Ghana Stock Exchange continues to maintain its position as one of Africa’s best-performing stock markets in 2025. The GSE’s year-to-date gain of 73.6% remains unmatched across most African exchanges, outpacing Nigeria’s 42.8% and Kenya’s 39.8%.
Other regional bourses, including Egypt’s EGX-30, South Africa’s JSE ASI, the BRVM of the West African Economic and Monetary Union, and Botswana’s BGSMDC, have recorded year-to-date gains of 25.68%, 30.83%, 20.48%, and 5.61% respectively as of October 10, 2025.
The GSE extended its bullish run last week, with the GSE Composite Index (GSE-CI) rising 0.93% to close at 8,488.81 points, pushing its year-to-date gain to 73.65%. The Financial Stock Index (GSE-FSI) also advanced 1.77% to 3,949.15 points, supported by strong performance across key banking counters.
Market capitalisation increased to GH¢166.74 billion, up from GH¢165.63 billion in the previous week, reflecting renewed investor interest and sustained optimism in Ghana’s equities market.
