Today In History: The Ghana Stock Exchange Was Established 29 Years Ago


The idea of establishing a Stock Exchange in Ghana was on the drawing board for almost two decades prior to its implementation.

In February 1989, the issue of establishing a stock exchange moved a higher gear when a 10 – member National Committee, under the Chairmanship of Dr. G.K. Agama, then Governor of the Bank of Ghana, was set up by the Government.

Other members of the Committee were:

Dr Kobina Erbynn – Former Chief Executive, GIPC

Mr N. K. Kudjawu – Kudjawu & Co, Accra

Nana Wereko Ampem II (Late) – Former Chairman, Barclays Bank of Ghana Ltd

Mr Afare Donkor – Former Managing Director, CAL Bank

Mrs S.Beata-Ansah – Ex Managing Director, HFC Bank Ltd

Mr E. J. A. Aryee (Late) – Former Managing Director, NTHC Ltd

Dr J. K. Richardson – Former Managing Director, BAT Ghana

Mr S. Y. Osafo-Maafo – Former Managing Director, National Investment Bank

Mr Yeboa Amoa – Who became the Exchange’s first Managing Director

The work of the committee was to consolidate all previous work connected to the Stock Exchange project and to fashion out modalities towards the actual establishment of the Exchange. As a result of the work of the committee, the Stock Exchange was established in July 1989 as a private company limited by guarantee under the Companies Code of 1963.

It was given recognition as an authorized Stock Exchange under the Stock Exchange Act of 1971 (Act 384) in October 1990. The Council of the Exchange was inaugurated on November 12, 1990, and trading commenced on its floor the same day. The Exchange changed its status to a public company limited by guarantee in April 1994.

On 11th January 1991, the Ghana Stock Exchange was officially launched.

The GSE is located in the Cedi House in Accra.


Click on the comment box below and leave us your thoughts. Thank you.


Please enter your comment!
Please enter your name here