Compel telcos to list on GSE- BoG • The Bank of Ghana (BoG) is calling for a policy which will compel telecom operators in the country to list on the Ghana Stock Exchange (GSE). • First Deputy Governor of the BoG Millison Narh believes this will help address and reduce forex market pressures in the country. • The World Bank last year expressed worry over the 80% hold of the Ghana Stock Exchange by a few companies saying the development has suppressed competition in the sector. • The first deputy governor asked that regulators use the licensing methodology to get the Telco’s to secure the ownership of securities in the domestic markets which would see to it that huge profits are not sent out of the country, which end up putting pressure on the forex market in the country.
Posted on: Sat, 08 Nov 2014 22:23:15 +0000