The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has called for the development of a practical framework to guide commercial banks seeking to list on the Ghana Stock Exchange (GSE).

Speaking at the inaugural meeting of the Steering and Technical Committees of the Commercial Bank Listing Project, Dr. Asiama stressed that the initiative forms part of broader efforts to deepen transparency, strengthen corporate governance and enhance capital mobilisation within Ghana’s banking and financial sector.

“My task for you is to develop a practical framework and credible system that support Ghana’s banking and financial sector,” he told members at the meeting.

The Steering Committee is expected to provide strategic direction and policy oversight for the project, ensuring strong coordination among key regulators including the Bank of Ghana, the Securities and Exchange Commission and the Ghana Stock Exchange. The committee will guide the overall vision, timelines and stakeholder engagement needed to ensure a smooth rollout of the listing programme.

Meanwhile, the Technical Committee will focus on the operational details by designing the listing framework, drafting guidelines and addressing regulatory and market requirements for banks seeking to go public.

Its work will include recommendations on disclosure standards, governance structures, capital requirements and market readiness to ensure that listings are done in an orderly and credible manner.

According to Dr. Asiama, developing a structured listing framework is critical to building investor confidence and supporting the long-term resilience of the financial sector.

The central bank believes the commercial bank listing project will not only strengthen balance sheets within the industry but also deepen Ghana’s capital market by creating new investment opportunities for the public.