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BoG Pushes Structured Framework to Guide Commercial Banks’ Listing on GSE

 


The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has called for the development of a clear and practical framework to guide commercial banks seeking to list on the Ghana Stock Exchange (GSE), as part of efforts to strengthen transparency, corporate governance and capital mobilisation in the financial sector.

Speaking at the inaugural meeting of the Steering and Technical Committees of the Commercial Bank Listing Project, Dr. Asiama said the initiative is central to building a more resilient and transparent banking system that can better support Ghana’s economic growth.

My task for you is to develop a practical framework and credible system that will support Ghana’s banking and financial sector,” he told committee members.

The Steering Committee is mandated to provide strategic direction and policy oversight for the project, ensuring effective coordination among key regulatory institutions, including the Bank of Ghana, the Securities and Exchange Commission (SEC) and the Ghana Stock Exchange. It will also oversee the project’s vision, timelines and stakeholder engagement to ensure a smooth and orderly implementation.

The Technical Committee, on the other hand, will focus on the operational and regulatory details of the listing process. Its responsibilities include designing the listing framework, drafting guidelines and addressing market and regulatory requirements for banks intending to go public.

This will involve setting standards for disclosures, governance structures, capital adequacy and market readiness to ensure that bank listings are conducted in a credible, transparent and orderly manner.

Dr. Asiama noted that a well-structured listing framework is essential to building investor confidence and safeguarding the long-term stability of the financial sector.

According to the central bank, the Commercial Bank Listing Project is expected to not only strengthen banks’ balance sheets but also deepen Ghana’s capital market by expanding investment opportunities for the public and broadening market participation.

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