The Ghana Stock Exchange (GSE) will soon introduce two new debt markets – the Commercial Paper Market and Private Capital Market.
This will enable listed companies to raise short-term funds to meet their financing needs.
The move by the GSE is aimed at improving liquidity on the market.
David Tetteh, a Consultant at the GSE, said there is the need to introduce these markets since Ghanaians better appreciate them.
Due to this, the GSE is developing market products that are similar to loans to cater for the needs of Ghanaian investors and businesses.
Mr. Tetteh said the Commercial Paper Market and Private Capital Market are similar to loans, and will allow companies to raise short-term funds to meet their financing needs.
The GSE has over the years suffered from challenges in the Ghanaian economy. Anytime, inflation and interest rates surge, it impact negatively on the market, leading to negative year-to-date.
The GSE has in the past introduce several innovation to grow the market.
They include the Ghana Alternative Market for Smaller and Medium Scale Enterprises and the bond market.
It has also led a campaign to encourage multinational companies to list on the GSE to enable Ghanaians become part owners.
