The Ghana Stock Exchange will next month host the 11th African Securities Exchanges Association (ASEA) Conference aimed at charting a way forward for Africa�s capital market.
ASEA was formed in Kenya in 1993 to assist in the promotion and development of standards and professionalism among members. ASEA currently has 18 members.
It will also focus on issues affecting African capital markets, tap from the specific experiences of different emerging markets to assist in accelerating economic growth through greater and quality investments on the continent.
The conference slated for October 28 and 31 in Accra is under the theme; "African Capital Markets: The Next Investment Frontier.
Global fund managers, issuers, market operators and regulators will use the conference to explore ways of attracting the necessary investment to aid the rapid development of African markets.
President John Agyekum Kufuor is expected to address the opening session of the conference.
Briefing the media on the conference in Accra on Thursday, Mr Kofi Yamoah, Managing Director of the Ghana Stock Exchange, said the conference would provide a forum to further give impetus to the move to integrate the stock exchanges across the region.
In this connection a whole session is being devoted to discussions on how to implement integration of the exchanges on the continent and assess the status of efforts to integrate the markets from North Africa, South Africa, East Africa and West Africa.
Mr. Yamoah said managers of the stock exchanges will also use the opportunity to strategise in order to play a more useful role in the economic development of the various countries.
He said apart from operators in the market, special invitations will be extended to members of Parliament and key decision makers to enable them to appreciate the issues better in making decisions that advance the cause of the development of the countries.
Ms Abena Amoah, Council Member of the Ghana Stock Exchange, who launched the conference, described it as a landmark in the history of the country.
"Ghana of late has been in the news and this conference will further project her as the financial hub in the West African Sub-region,"
She said it was time Africa opened up its markets to attract investors, especially at a time there was renewed interest in the continent.
Ms Amoah said Africa�s capital markets were small and shallow and therefore lack the capacity to generate sufficient capital to finance long-term development.
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