GSE signs MoU with Mauritius

The Ghana Stock Exchange (GSE) and the Stock Exchange of Mauritius (SEM) have signed a memorandum of understanding (MoU) to ensure closer collaboration.

The signing took place in Accra during the economic business forum held to coincide with a three-day state visit of the Vice Prime Minister and Minister of Finance and Economic Development of Mauritius, Mr Xavier-Luc Duval, and a 30-member business delegation to Ghana.

The Managing Director of the GSE, Mr Kofi Yamoah said there had been close collaboration and discussion between the two exchanges at the highest level in the past. 

He called on the governments of the two countries to continue to create an enabling environment for the markets to prosper and also seek to bring long-term investment to further develop the two countries.  

“The bottom line is that we want to improve the life of our citizens, and the surest way is to introduce measures that will bring long-term investment to Ghana and Mauritius,” he said.   

The Chief Executive of SEM, Mr Sunil Benimadhu, said Africa was taking a centre stage at the global level and that stock exchanges/capital markets would be called upon to play more meaningful roles in the transformation of the continent.

He said the MoU was not only to encourage greater collaboration between the two exchanges but to also encourage dual listing for companies which come from Mauritius to do business in Ghana.

“Through the MOU we also want to link our markets through the use of technology so that brokers in Ghana could trade and invest in our market while brokers in Mauritius could link up with the Ghanaian exchange to trade and increase the volumes on our markets and improve liquidity,” he said.