GSE to Admit First Commercial Paper on Fixed Income Market on April 17
The Ghana Stock Exchange (GSE) is set to admit the first Commercial Paper on the Ghana Fixed Income Market (GFIM) on April 17, 2025, marking a significant milestone in the country’s capital market development.
The inaugural issuance will be in the name of Federated Commodities PLC.
According to the GSE, the listing signals the operationalisation of the Commercial Paper Market, which was launched in 2024. The Exchange says the market is expected to play a key role in deepening capital market activities, particularly in the area of short-term debt financing.
In a statement, the GSE emphasised that the Commercial Paper Market is designed to provide a robust and efficient platform for short-term borrowing and lending, while ensuring transparency and access to real-time price information for all market participants.
Managing Director of the GSE, Abena Amoah, expressed optimism about the development, noting that the establishment of the commercial paper market reflects the Exchange’s ongoing commitment to broadening investment avenues and enhancing market diversity.
“The launch of the commercial paper market in Ghana demonstrates the GSE’s dedication to providing a wide range of investment options and diversifying our financial markets, especially at a time when available investment alternatives remain limited,” she stated.
She added that a vibrant commercial paper market would serve as an alternative funding source for corporates while offering investors more instruments to deploy capital efficiently. This, she noted, will contribute to improved market liquidity and ease of trading across the financial ecosystem.
The GSE has collaborated with Stanbic Bank Ghana and legal firm Bentsi-Enchill, Letsa & Ankomah (BELA) to develop a strong regulatory and operational framework to ensure the effective functioning of the commercial paper market.
The admission of Federated Commodities PLC’s paper is expected to pave the way for other issuers to tap into short-term capital, thereby accelerating the growth of Ghana’s fixed-income market.
