The immediate past governor of the Bank of Ghana Dr. Henry Kofi Wampah has called on South African lender First National Bank (FNB) to consider listing on the Ghana Stock Exchange (GSE).
According to Dr. Henry Kofi Wampah that will help deepen participation in the capital market and allow Ghanaians accept the bank as a Ghanaian company.
[contextly_sidebar id=”WX51q6oP7MXyHZfzPSFd2zJIsKqvLxCq”]His assertions follows calls from market watchers for a policy that ensures that wholly owned foreign companies are made to list on the Ghana Stock Exchange.
The move is to allow Ghanaian investors to own stakes in such multinational companies who in turn will receive dividends in cedis, hence boost the local economy.
In his last public appearance as the governor of the central bank at the launch of the FNB Bank Ghana, Dr. Henry Kofi Wampah challenged the bank to consider floating a portion of its shares which will benefit the bank in the future.
“It is my expectation that the operations of the bank will not only help in creating jobs but also allow Ghanaians, equity participation in the future. I will encourage the bank to make this part of its strategic direction and take the bold step to float a portion of its shares on the Ghana Stock Exchange as it has done in some other African countries in which it operates.”
Dr. Henry Kofi Wampah also stated that ‘this way the bank will not only be contributing to the development to building the money market but also deepening participation in the capital market.
By: Norvan Acquah – Hayford/citibusinessnews.com/Ghana