The Vice President of Debt Capital Markets and Distribution at Stanbic Financial institution Ghana, Baffour Agyarko Kwakye, has stated that the sustainability of Ghana’s capital markets relies on a steady macroeconomic surroundings.
Talking on a panel on the West Africa Bond Market Convention on the subject “The Alternatives and Challenges of Creating Africa’s Bond Market – Demand, Provide, and Liquidity,” Mr. Kwakye highlighted the significance of coordinated regulatory collaboration and macroeconomic resilience as central pillars for a thriving bond market.
He stated that “Restoring and sustaining macroeconomic stability in Ghana is important to the restoration and sustained growth of our capital markets. Following the 2022 Home Debt Alternate Programme, it’s clear that belief and investor confidence are the lifeblood of any profitable bond market. With out macroeconomic stability, it turns into more and more troublesome to draw and retain funding.”
Mr. Kwakye identified that Ghana’s capital market has undergone vital stress lately, significantly throughout the home debt restructuring train, however stays a vital car for long-term financing for each the private and non-private sectors.
He additionally acknowledged the strides made by key stakeholders, particularly the Ghana Inventory Alternate (GSE), in rebuilding confidence and making a extra sturdy and responsive capital market ecosystem.
“I need to take a second to commend the Ghana Inventory Alternate for the super help they proceed to offer to market contributors,” he stated. He additional advocated for enhanced collaboration amongst regulators, significantly between the GSE, SEC and the Financial institution of Ghana, to handle structural points and unlock the complete potential of Ghana’s bond market.
“Typically, we see that regulatory silos can stall progress. However with extra strategic collaboration, among the persistent points we face may very well be resolved extra effectively, and this may considerably deepen the resilience and liquidity of our bond market,” Mr. Kwakye defined.
The West Africa Bond Market Convention is a premier trade occasion collectively hosted by the Ghana Inventory Alternate and the Worldwide Capital Market Affiliation (ICMA). This high-level gathering convenes senior market contributors, together with policymakers, regulators, central banks, monetary establishments, and market infrastructure suppliers, to interact in in-depth discussions on the present state and future route of West Africa’s bond markets.
The convention serves as a vital platform for information trade, regional collaboration, and the promotion of deeper, extra built-in capital markets throughout the sub-region.
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