Accra: The National Development Planning Commission (NDPC) and the Ghana Stock Exchange (GSE) are set to collaborate on initiatives that will strengthen the role of capital markets in Ghana. This partnership aims to mobilise domestic resources, promote economic growth, and increase Ghanaians’ participation in the economy.

According to Ghana News Agency, Dr. Nii Moi Thompson, the Chairman of the NDPC, revealed the collaboration during a courtesy call on Madam Abena Amoah, the Managing Director of the GSE, in Accra. Dr Thompson, who also serves as the Senior Presidential Advisor on the UN Sustainable Development Goals (SDGs), emphasized the collaborative role of the NDPC and GSE in mobilising billions of cedis for businesses and infrastructure development.

Dr Thompson stressed the importance of supporting private investors to mobilise funds for business and infrastructure to expand the activities of the exchange market. He noted that this would provide Ghanaians with a greater stake in the economy through ownership of shares in various companies. Dr Thompson observed that the largest and most lucrative parts of the economy are currently dominated by non-Ghanaians, making many Ghanaians feel like “tenants on their own land.”

The NDPC Chair highlighted the necessity of incentivizing foreign investors to partner with Ghanaians, while also advocating for policies that enable the transfer of world-class technology and management practices to the Ghanaian private sector.

Madam Amoah acknowledged the critical role of capital markets in mobilising private finance for economic development, including infrastructure provision. She pointed out that the lack of structured investment opportunities in Ghana has led many Ghanaians to invest billions of dollars annually in foreign investment schemes. Madam Amoah committed the GSE to deepen its collaboration with the NDPC by supporting policy research agendas with relevant data to promote economic growth and development.

The partnership between the NDPC and the GSE seeks to reduce foreign dominance in the economy and encourage local participation, with the expectation of positively impacting Ghana’s economic development.