The Council of the Ghana Stock Exchange (GSE) has announced the appointment of Ms Abena Amoah as the new Managing Director of the Ghana Stock Exchange.

In a statement issued by the Exchange, Ms. Amoah is expected to take over from Mr. Ekow Afedzie, the current Managing Director, who will retire from the Exchange on November 23, 2022, after 32 years of stellar and transformational service.

“The Council of the Ghana Stock Exchange (Exchange) is pleased to announce the appointment of Ms. Abena Amoah as the Managing Director of the Exchange, with effect from November 24, 2022.”
Council of GSE

Ms. Amoah, who joined the Exchange as Deputy Managing Director on August 1, 2020, has been in the capital market industry over the past 24 years and is highly respected for her technical knowledge, business acumen, outstanding professionalism and integrity.

Ms Amoah will bring to her new position a lot of experience acquired over the years. Her experience covers stock market listings and trading, mergers and acquisitions advisory, investment research, asset management, private placement of equity, debt and hybrid instruments, large infrastructure project development, business start-ups and incubation, public education on investment and financial matters, and capital markets development.

Ms Amoah has previously worked with the BlackIvy Group LLC; Renaissance Group, where she was CEO of NewWorld Renaissance Securities Ltd and Head of Investment Banking & Finance in West Africa (ex-Nigeria) for Renaissance Capital; and Strategic African Securities Ltd, where she was Executive Director.

Ms Amoah is an alumna of the University of Ghana Business School. She has also undertaken academic and leadership studies at the Stanford Graduate School of Business, Harvard Business School and the University of Denver’s Daniels College of Business.

Ms. Amoah takes over at a time when the Ghana Stock Exchange is implementing two major programmes: a 3-year Strategic Plan to transform from a frontier market to an emerging market; and the demutualization of the Exchange, a strategic transition that will result in a group of related companies, including a limited liability company to manage market operations and a company limited by guarantee to undertake public education and other market development activities. In the intervening time, her previous experience and current roles at the Exchange will serve her well in the execution of these programmes.

The Council, meanwhile, looks forward to an impactful tenure of office and wishes her well in her new role.

It can be recalled that Mr Ekow Afedzie, the current Managing Director of the Ghana Stock Exchange, announced his retirement from his position later this year after 31 years of dedicated.