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Graphic Business, Ghana Stock Exchange to deepen collaboration

BY: Maxwell Akalaare Adombila
Mr Ekow Afedzie, MD, GSE
Mr Ekow Afedzie, MD, GSE

The country’s foremost business and finance newspaper, the Graphic Business, and the Ghana Stock Exchange (GSE) have resolved to deepen their collaboration to help serve readers and the investing public better.

At a meeting between the news team of the Graphic Business, led by its acting Editor, Mr Charles Benoni Okine, and the Managing Director of the GSE, Mr Ekow Afedzie, the two institutions agreed to leverage their respective expertise and platforms to deepen public education capital market, investment and the operations of the stock exchange.

The meeting was at the behest of the Graphic Business as part of efforts to refresh the brand and reconnect more with key stakeholders.


Credible platform

Mr Okine said the Graphic Business, the business publication of the Graphic Communications Group Limited, had distinguished itself as the leading provider of credible news, analysis and projections on the economy since its first publication in 2008.

The acting editor said the paper treasured truth and accuracy in its strive to realise its vision of setting the business agenda.

That, he said, made the paper the most sought-after medium for economic news by business and finance students, as well as business executives, analysts and key stakeholders in the economy.


Stock analyses

Mr Okine noted that the paper understood the importance of a vibrant capital market to wealth creation and national development, hence the decision to dedicate precious time and space to the coverage and publication of issues on the market and stocks in particular.

He said beyond the Graphic Business, the Business page in the Daily Graphic, the flagship newspaper of the Graphic Communications Group stable and leading newspaper in the country, ably edited by Mr Kobby Asmah, also dedicated extensive space to capital market and stock exchange activities all geared towards raising an investment-conscious populace.

He said the paper had brought back the daily stock market snapshots to help whip up interest and provide accurate updates to the market participants.

Mr Okine further pledged to make the paper more available to the GSE to help reach more audience and get a lot more Ghanaians to take advantage of the stock market to create and sustain wealth.


Trusted brand

The MD of the GSE welcomed the pledge to deepen the collaboration, noting that Graphic Business was a trusted brand that could be relied upon to increase awareness of the need for Ghanaians to invest more.

He called for increased analytical articles on the stock exchange and capital market operations in general to help increase the interest in the market.

Mr Afedzie said it was disturbing that fewer Ghanaians were investing in the stock market and called on people from all walks to life to take interest in activities of the exchange to help create and accumulate wealth.

He said returns on both the equity and the bond market had been appetising, with the equity market returning more than 43 per cent to investors last year.


Bonds

The GSE MD said trading in bonds also enjoyed strong growth, indicating the wealth that investors were making off the local bourse.

Mr Afedzie said unfortunately, not majority of them were locals due to the apprehension towards investments on the GSE.

He blamed it on low knowledge of stock market operations, but said a stronger collaboration between the Graphic Business and the GSE would help resolve that.