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Investment Opportunities on the rise between Ghana and Jamaica

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A delegation from the Ghana Stock Exchange (GSE) met with Jamaica Chamber of Commerce (JCC) executives (May 4th), during their visit to Jamaica following the signing of a Memorandum of Understanding (MOU) with the Jamaica Stock Exchange (JSE) aimed at expanding investment opportunities in both countries. The visit by the GSE to Jamaica is deemed as a symbolic move, as it is the first time Jamaica has signed an agreement with an African stock market facilitating cross-border trade in stocks and bonds.  

President of JCC, Ian Neita noted ‘that in recent times Ghana has been ranked as one of the fastest growing markets for business and finance.’ He welcomed the move by the GSE to diversify their participation in international markets thus providing opportunities for wealth creation. Neita further added that ‘though Ghana and Jamaica have much of their commonalities rooted in culture, both countries will benefit tremendously from this strategic financial move which has the potential to catapult our economies towards exponential growth.’  

In his remarks, Managing Director GSE Ekow Afedzie shared that ‘the partnership between Ghana and Jamaica is the first agreement of its kind in the Caribbean and he anticipates the support of our local brokers in ensuring its success.’ Afedzie is optimistic that this collaboration will spur numerous investment opportunities for Jamaica and Ghana beyond stock markets.  

The Ghana Stock Exchange delegation was led by Managing Director Ekow Afedzie joined by Rev. Daniel Ogbarmey Tetteh – Director-General, Securities and Exchange Commission, Mrs. Diana Okine – Head of Strategy and International Relations, Mrs. Joyce Esi Boakye – Head of Listing and New Products Development and Mr. Jerry Boachie-Danquah – Head of Marketing and Public Relations, Ghana Stock Exchange.