The Ghana Stock Exchange (GSE) has signed and exchanged a Memorandum of Understanding (MoU) with the Singapore Cooperation Enterprise (SCE).

The move is GSE’s aspirations to transform into an efficient, world-class platform for investments and raising capital.

SCE, an agency of the Trade and Industry Ministry and Foreign Ministry of Singapore, works closely with Singapore’s 16 ministries and over 60 statutory boards to scope out and tailor possible solutions to match the needs of foreign governments and help meet their development objectives.

The MoU was to seal an agreement between the two parties for the SCE to provide support to the GSE in its efforts towards capacity building. 

In addition to furthering bilateral relations between Ghana and Singapore, the signing comes as another step in a series of progressive actions the GSE is taking towards transformation and relevance.

Under the agreement, the SCE will provide advisory services to transform the existing structure of the GSE towards demutualisation.

This will be done with an emphasis on building the capacity of the GSE with the goal of improved efficiency, relevance, and profitability.

Mr Shanmugaratnam and the Finance Minister, Ken Ofori-Atta witnessed the signing.