Abena Amoah, Managing Director of the Ghana Stock Exchange (GSE), has been appointed Chair of the International Capital Market Association’s (ICMA) Committee of Regional Representatives. The 58th ICMA Annual General Meeting and Conference in London confirmed this appointment last week. This move significantly strengthens Ghana’s visibility within global capital markets governance.
This committee acts as a vital link between the ICMA Board and its 15 regional committees and chapters. It provides governance and strategic direction to ICMA’s network of over 630 member institutions across 71 jurisdictions. Ms. Amoah will lead initiatives to boost regional collaboration and ensure diverse regional voices contribute to ICMA’s global strategy.
This appointment occurs as Ghana’s domestic capital market seeks to increase liquidity and attract more investors. The GSE has expanded its offerings beyond traditional shares. It now includes the Ghana Fixed Income Market, Commercial Paper Market, Green and Sustainable Bond Market, and Over-the-Counter Market for non-listed public securities, reflecting efforts to broaden market participation. This aligns with Ghana's broader economic strategy to leverage market-based financing for national development.
Ms. Amoah expressed her honour in leading the committee during a critical period for global capital markets. She stated the role demands balancing global priorities with regional realities. She highlighted the increasing importance of regional representation as capital markets become more interconnected yet remain shaped by local specifics. She plans to strengthen collaboration across ICMA’s network and promote diversity in leadership.
This elevation is expected to enhance Ghana’s engagement with global capital market institutions. It will provide a stronger platform for African market perspectives within international financial discussions. The appointment signals ICMA's recognition of Africa's growing importance in the global financial system. It reinforces ICMA’s commitment to integrating regional perspectives into its governance and policy priorities.
For Ghana, this development could attract more foreign direct investment into its capital markets. It may also facilitate knowledge transfer and best practices in market regulation and development. The increased international exposure could boost confidence among both local and international investors, potentially improving market liquidity and depth. Decision-makers and market participants will closely watch how this new role translates into tangible benefits for the Ghanaian financial ecosystem.