GSE signs agreement with Singapore Cooperation to transform its operations

The Ghana Stock Exchange (GSE), in its aspirations to transform into an efficient, world class platform for investments and raising capital, has signed and exchanged a Memorandum of Understanding with the Singapore Cooperation Enterprise (SCE).

SCE, an agency of the Ministry of Trade and Industry and the Ministry of Foreign Affairs of Singapore, works closely with Singapore’s 16 ministries and over 60 statutory boards to scope out and tailor possible solutions to match the needs of foreign governments, and help meet their development objectives.

The memorandum was to seal an agreement between the two parties for the SCE to provide support to the GSE in its efforts towards capacity building.

In addition to furthering bilateral relations between Ghana and Singapore, the signing comes as another step in a series of progressive actions the GSE is taking towards transformation and relevance.

Under the agreement, the SCE will provide advisory services to transform the existing structure of the GSE towards demutualization.

This will be done with emphasis on building the capacity of the GSE with the goal of improved efficiency, relevance, and profitability.

Dr. Poh Ling Neo, Senior Director, Africa, SCE and Mr. Ekow Afedzie, Managing Director, GSE appended their signatures to the MOU. Mr Shanmugaratnam and the Minister of Finance, Mr. Ken Ofori-Atta witnessed the signing.

The MOU was part of activities for the official visit of the Senior Minister of Singapore, Mr. Tharman Shanmugaratnam.

Source: www.citibusinessnews.com