Government (Ghana) Introduces Unlisted Securities Market
by allAfrica.com
The Government of Ghana is to introduce an unlisted securities market on the Ghana Stock Exchange to enable indigenous Small and Medium Scale Enterprises (SMEs) to raise equity on the market to support their expansion programmes. The unlisted securities market would also enable the SMEs to clean their balance sheets by replacing debts with equities, Finance Minister Kwadwo Baah-Wiredu, said when he presented the 2006 budget in Parliament on Thursday ahead of the beginning of the year. “This will reduce their interest payments and boost profitability and growth in the SMEs,” he said. On the development of capital markets, the Minister said government recognised the market's importance as the key medium for resource mobilisation for Private Sector Development and had therefore worked with stakeholders to provide the requisite infrastructure to support its development. To read the article, please go to...
Pays:
Ghana (le)
Mots-clé:
CAPITAL MARKETS; MICROENTERPRISE; RURAL FINANCE
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