The Ghana Stock Exchange (GSE) and the Casablanca Stock Exchange are to sign a Memorandum of Understanding (MoU) in a move to deepen the relationship between the two institutions.
The MoU, which will also involve the Securities and Exchange Commissions of both countries, would ensure the sharing of information and communication between the Casablanca Stock Exchange and the GSE. It will also help in the exchange of expertise and enhance collaboration between operators and regulators of the two bourses. Mr Kofi Yamoah, the Managing Director of GSE, announced this when a delegation of General Confederation of Moroccan Enterprises paid a visit to the Exchange in Accra.
The delegation made up of business men drawn from key sectors of the Moroccan economy, including agriculture and industry, were in Ghana to explore business opportunities. Mr Yamoah said the MoU would enable the two institutions to undertake study tours and update each other of developments in the industry.
“We are very excited about this visit as it would go a long way in deepening the bond between the two institutions,” he said.
The two institutions are members of the African Securities Exchanges Association and the West Africa Capital market. Mrs. Miriem Bensalah-Chaqroun, President of the General Confederation of Enterprises, Morocco, said a solid and robust stock exchange was the backbone of economy hence the visit to the GSE to have first- hand information on its operations. She said the delegation was made of big and small companies some of whom already have operations in Ghana and while others prospecting for opportunities to invest in the country.
Mr. Karim Hajji, Director General, Casablanca Stock Exchange, said his outfit was looking forward to deepening of the relationship between the two institutions.