• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Economy

West Africa: Capital market integration expected to drive sub-region’s GDP to $900bn – Dr Olowofeso

2 years ago
in Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
90
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

West Africa: Capital market integration expected to drive sub-region’s GDP to $900bn – Dr Olowofeso

Dr Olorunsola Olowofeso, the Director General of the West African Monetary Institute (WAMI), has revealed that the integration of capital markets in the West African sub-region is projected to have a substantial impact on economic growth.

According to Dr Olowofeso, this integration will result in a remarkable increase in the Gross Domestic Product (GDP) of the region, reaching an estimated value of $900 billion. Such growth would represent a significant surge of $167 billion when compared to the current West African GDP of $733 billion.

Speaking to norvanreports on the sidelines of the Capacity Building and Sensitisation of regulators and industry players in the capital market on the implementation of Phase 2 of the West African Capital Markets Integration (WACMI) Project on Tuesday, July 18, 2023, Dr Olowofeso emphasized the transformative potential of this initiative asserting the integration of capital markets is expected to generate several positive outcomes, including enhanced liquidity within the sub-region’s capital markets, leading to increased investment opportunities and improved financial transactions.

“Successfully integrating capital markets in West Africa will lead to an increase in the region’s GDP from $733bn to between $800bn and $900bn. It will boost liquidity on our capital markets, increase job employment and make the region’s ICT infrastructure robust,” he remarked.

Regulators and Industry Players at WACMI Capacity Building and Sensitisation Event in Accra

Moreover, Dr Olowofeso highlighted the job creation potential associated with the integration. As capital markets thrive and attract more investors, the sub-region is poised to experience a boost in employment opportunities. Additionally, the Director General underscored the importance of a robust information and communications technology (ICT) infrastructure, which would be fostered through the integration, further bolstering the region’s economic landscape.

The West African Capital Markets Integration (WACMI) Project aims to harmonize and integrate capital markets across West African countries, promoting efficiency, encouraging investment, and facilitating economic growth. By aligning regulatory frameworks and creating a seamless and interconnected marketplace, the project seeks to tap into the untapped potential of the West African sub-region’s capital markets.

RelatedPosts

GRA Refutes Claims of Irregularities in Auction of Perishable Goods at Ports

COCOBOD in ICU: Can Dr. Raddy Abbey Resuscitate Ghana’s Cocoa Lifeline?

Hands Off Our Cedi! Ghana’s Cedi Reset Will Be Written in Accra, Not Washington!

The projected surge in GDP signifies the economic prospects that lie ahead for West Africa. As financial integration takes hold, the sub-region is poised to unlock new avenues of growth, attracting both domestic and international investors seeking to capitalize on the expanding market opportunities. This development aligns with broader efforts to strengthen regional integration and foster economic collaboration within Africa.

The West African capital markets are poised for transformation, and the anticipated GDP increase underscores the promising future that awaits the sub-region. As the implementation of the WACMI Project progresses, West Africa solidifies its position as an emerging economic powerhouse, ready to leverage its vast potential and reap the benefits of a unified and thriving capital market.

Tags: capital market integrationWACMIWAMIWest Africa: Capital market integration expected to drive sub-region's GDP to $900bn - Dr Olowofeso
No Result
View All Result

Highlights

BoG Directs Mining Firms to Route Forex Inflows Through Commercial Banks

US Open: Alcaraz Exorcises Second-Round Demons, Djokovic Through to Next Round

Manchester United Eliminated from Carabao Cup by Fourth-Tier Grimsby

UCL: All You Need To Know Ahead Of The League Phase Draw on Thursday As Three Clubs Qualify For The First Time

Regular Fiscal Data Publication Key to Having an Effective Fiscal Council, Says Oppong Nkrumah

Finance Ministry Backs New Fiscal Council to Anchor Discipline and Stability

Trending

Business

GRA Refutes Claims of Irregularities in Auction of Perishable Goods at Ports

August 28, 2025

GRA Refutes Claims of Irregularities in Auction of Perishable Goods at Ports The Ghana Revenue Authority has...

COCOBOD in ICU: Can Dr. Raddy Abbey Resuscitate Ghana’s Cocoa Lifeline?

August 28, 2025

Hands Off Our Cedi! Ghana’s Cedi Reset Will Be Written in Accra, Not Washington!

August 28, 2025

BoG Directs Mining Firms to Route Forex Inflows Through Commercial Banks

August 28, 2025

US Open: Alcaraz Exorcises Second-Round Demons, Djokovic Through to Next Round

August 28, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.